Overview

DeFiLlama.com is one of the most comprehensive platforms for tracking everything related to DeFi.

It provides real-time data on Total Value Locked (TVL), protocol revenues, yields, stablecoins, and more, across multiple blockchains. Whether you’re an investor, developer, or researcher, DeFiLlama serves as a powerful tool for analyzing trends, discovering new opportunities, and optimizing yield strategies in DeFi.

There are 6 go-to features that DeFiLlama covers:

  1. Protocols: Track essential data on thousands of DeFi projects, including their Total Value Locked (TVL), historical performance, earned revenue, supported networks, and protocol type (e.g., DEX, lending, staking). Users can compare projects to assess their growth and financial sustainability.
  2. Blockchain Networks: Monitor TVL and activity across multiple blockchains, including Ethereum, Solana, Arbitrum, Avalanche, and BNB Chain. This feature helps users understand which networks are gaining traction and attracting liquidity.
  3. Yield: Discover the most profitable yield farming opportunities by comparing lending and staking rewards across protocols like Aave, Morpho, Curve, and Frax. DeFiLlama aggregates data from different yield platforms, helping users find the best APYs.
  4. Stablecoins: Track the supply, market cap, and liquidity of stablecoins across different blockchains. This section provides insights into which stablecoins dominate the market, how they are distributed across ecosystems, and how liquidity is shifting over time.
  5. Fees & Revenue: Understand how much DeFi protocols generate in fees and revenue. This metric is particularly useful for identifying projects with sustainable business models and comparing profitability across different platforms.
  6. Bridges: Analyze the movement of assets across chains by tracking cross-chain bridges. This feature provides data on bridge inflows and outflows, helping users identify which ecosystems are attracting liquidity.

A few others worth knowing about also include:

  • LlamaSwap: A meta-aggregator that finds the best trade route by scanning across decentralized exchange aggregators like Odos and 1inch. This ensures users get the best swap prices with minimal slippage.
  • NFT Collections: Track the performance of NFT projects across different marketplaces, including their floor prices, sales volume, and historical trends.
  • Liquidations: Monitor potential liquidation events in DeFi lending markets, helping users anticipate major liquidations that could impact market prices.
  • Fundraising: Get insights into recent venture capital funding rounds, with details on which DeFi projects are raising funds and which investors are backing them.
  • Hacks & Exploits: View a historical log of hacks, exploits, and rug pulls in DeFi. This section helps users stay informed about security risks and past vulnerabilities.

To learn more about DeFillama, visit our page Using DeFiLlama Effectively.

 

Using DeFiLlama Effectively

Nearly any data relating to DeFi exists on DeFiLlama, meaning that oftentimes, the hardest part is deciding how to get started.

Here are some interesting ways to use it:

  • Perform Custom Analysis with XLS Data: Download raw TVL, revenue, yield, and stablecoin data from DeFiLlama to run custom analyses in Excel or Google Sheets. This allows for deeper insights, such as identifying high-growth protocols, tracking capital movements across chains, and spotting liquidation risks before they happen.
  • Analyze DeFi trends: Monitor TVL shifts, protocol growth, and blockchain adoption to spot emerging opportunities. For instance, comparing 2020’s rapid growth to more immediate upward or downward trends.
  • Track Cross-Chain Liquidity Shifts: The Bridges dashboard helps monitor which chains are attracting capital. If large amounts of ETH or stablecoins are moving to a particular blockchain, it could signal an upcoming DeFi boom on that network.
  • Analyze Which Protocols Are Actually Generating Revenue: Many DeFi projects have high TVL but generate little to no fees. By checking the Fees & Revenue section, you can filter for protocols with sustainable, real income, which can be useful for identifying potential long-term winners.
  • Follow the Smart Money in Fundraising: The Fundraising tracker shows which DeFi projects are securing new investments. If a protocol just raised funding from top VCs, it may indicate strong upcoming development, partnerships, or token launches.
  • Find the Cheapest Swaps with LlamaSwap: Instead of manually checking different DEX aggregators like 1inch or Odos, use LlamaSwap, which compares the best routes across all major aggregators. This ensures lower fees and better swap rates than relying on a single platform.

The best way to learn the above is to visit DeFillama.com and to start playing around.