Complete Analysis of DeFiLlama Features: A Powerful Tool for DeFi Data Analysis

DeFiLlama, as a powerful Decentralized Finance data analysis tool, provides us with a wealth of features and data. This article will provide a comprehensive introduction to its main functions, helping you better utilize this tool for Decentralized Finance market analysis.

Decentralized Finance Overview

The DeFiLlama homepage displays the total locked value (TVL() of the entire DeFi ecosystem and ranks protocols by TVL. You can also filter by public chains to view the data. Currently, Lido has become the number one protocol in TVL due to the Ethereum merge, with 99.2% of its TVL coming from ETH.

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Public Chain Data

This section ranks various public chains based on dimensions such as TVL, number of protocols, changes, and number of stablecoins. You can filter by categories such as EVM, non-EVM, Rollup, Cosmos, Parachain, etc. It is worth paying attention to the TVL changes over 7 days and 1 month, as they may reflect the release of new projects on the chain.

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Airdrop Potential Projects

This section lists the DeFi protocols that have not yet launched their tokens in order of financing time. Although updates are slow, there is still some alpha mining value. It is recommended to consider the project's launch time comprehensively.

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Protocol Treasury

This shows the treasury size and token composition of various protocols. It is important to note that a large treasury size does not necessarily equate to rapid development, and a significant holding of its own tokens may indicate a small market circulation or that the DAO becomes the largest seller. The events that occurred between FTX and BitDAO are worth learning from regarding the risks that non-stablecoins pose to the treasury.

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Oracle Service

This section ranks oracle projects according to TVS)Total Value Secured(. ChainLink is undoubtedly the king in this field, but it is important to note that TVS is not equivalent to the number of services, and there is a certain degree of ambiguity in the data.

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Fork Project Tracking

This shows the most copied protocols. The ones that are frequently forked are mostly industry leaders and are worth paying close attention to. At the same time, developers can also look for new innovation opportunities here.

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Leading DeFi Projects on Various Public Chains

This feature showcases the leading projects in various subdivisions such as Liquid Staking, CDP, DEX, lending, yield aggregation, and cross-chain bridges across public blockchains. It can be observed that the leaders in the large public blockchain ecosystem are developing in a multi-chain manner, while the leaders in smaller or emerging ecosystems are also seeking larger markets through multi-chain strategies. At the same time, the missing DeFi services in certain public blockchains may present new opportunities.

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Project TVL Comparison

Support the selection of multiple protocols to compare their TVL on the timeline. This is very helpful for analyzing the competitive landscape within the same track. It would be even more practical in the future if it could be expanded to include metrics such as income, number of users, FDV, etc.

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Token Usage

You can check the usage of specific tokens in Decentralized Finance, but the data may not be comprehensive, limited to projects included by DeFiLlama. For example, there are 3.49 billion USDT on JustLend, and its use is worth further investigation.

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Decentralized Finance类别分析

DeFiLlama categorizes DeFi projects into 31 categories, showcasing the number of projects and TVL in each category. Categories with fewer protocols, such as privacy, oracle, leveraged farming, unsecured lending, exotic options, and physical asset lending, may contain Alpha opportunities.

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Newly Listed Projects

Showcase the projects recently included by DeFiLlama, but note that "recently" refers to the inclusion time rather than the mainnet launch time, which has a certain lag.

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Programming Language Distribution

Show the proportion of different programming languages in DeFi projects, as well as the usage of languages sorted by TVL. It also provides the ratio of open-source/non-open-source protocols in the Solana ecosystem. For more detailed developer data, refer to the Electric Capital report.

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Yield Rate Data

) Liquidity Pool Ranking

Ranked liquidity pools by TVL, there are currently 5,327 pools from 275 protocols across 59 chains. Besides BTC, ETH, and stablecoins, the GLP and GMX tokens from the GMX ecosystem have also made it to the forefront.

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) Delta Neutral Strategy

Users can choose to pledge tokens, and the system will automatically filter out the corresponding strategies and calculate the overall returns. Currently, there are relatively few pools being tracked, for reference only.

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) Long and Short Strategy

For specific tokens, display delta-neutral "long-short" strategies in all tracked mining pools and centralized exchange perpetual contract markets. The calculation will consider CEX funding rates and DeFi yields. Currently, the cooperating CEX is OKX, and decentralized platforms include Venus, Ankr, WOOFi, etc.

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) Leveraged Lending

Display the circular APY, supply APY, LTV, and current lending status data of different leveraged lending projects. Currently, there are 158 pools from 291 protocols across 23 on-chain networks. Compared to other chains, the number of projects on the BNB chain is greater, and the circular APY is higher.

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) Lending Situation

Ranked based on the yield of lending projects, LTV, supply and usage, etc. Currently, 777 liquidity pools from 291 protocols across 23 on-chain networks have been included.

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) Yield Overview

You can search for the median APY and distribution of a single cryptocurrency, and check the APY of a specific cryptocurrency in a specific pool of a specific project. It provides visualized APY data comparisons, suitable for staking data analysis reports.

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) Stablecoin Pool

A total of 59 on-chain protocols and 422 stablecoin pools have been included. It shows the TVL, base APY, reward APY, and 30-day average APY of each stablecoin pool. Most high APY pools rely on project token reward subsidies. In addition to Ethereum, some noteworthy stablecoin pools have also emerged on layer two networks.

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) Halal Pool

Tracking 59 chains with 36 protocols and 5273 "halal" pools, mainly including relatively safe projects such as simple exchange DEX, single yield farming, liquidity staking, and bridging LPs. For example, Arrakis Finance's DAI-USDC pool has a TVL of $280 million, currently only providing basic yield without any token distribution.

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Trading Aggregator

DeFiLlama's Meta-Aggregator provides users with the best trading path by aggregating multiple DEX aggregators. It calculates the final trading results including various fees and supports custom slippage. Some aggregators may offer additional discounts, so it is recommended to confirm any promotions on the respective platform after selecting the routing here.

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Lending Aggregator

After the user inputs the collateral tokens and borrowing tokens, the system will review all lending protocols, calculate the costs of each borrowing option considering incentives, supply APR, and borrowing APR, and provide a list of all possible lending pathways, costs, and LTV.

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Transparency of Centralized Exchanges

Show the inflow, outflow, and net asset changes of major centralized exchanges. Currently, OKX has a net inflow of 2.4 billion USD ) within a month, while Binance has a net outflow of 20.7 billion USD (. The net outflow from the TOP 5 exchanges has not all flowed into the net inflow exchanges in the TOP 10, and there may be over 1.5 billion USD in assets transferred to the chain. It is recommended to pay attention to the exchanges with net inflows during the bear market.

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Clearing Data

View the total liquidation amount of each chain and protocol, as well as the liquidation situation under the assumption of a 20% drop. You can also check the liquidation prices of the 100 largest positions. Currently, the highest liquidation price for ETH/USD is $1088, with the liquidation prices for the 12th and 15th largest positions around $1290, and the liquidation price for the 18th largest position being higher at $1547.

![DeFilama Data Feature Exploration: Master DeFi, Discover Alpha, Start Here])ews/2023/03/30/images/9urGp7R9ec.png(

Trading Volume Data

Provides rankings of DEX daily/weekly/monthly trading volumes, trading volume rankings and changes across chains, as well as options trading volume rankings. ) Data may not be comprehensive (. In the options market that has been statistically analyzed, Lyra accounts for over 56% of the trading volume, holding an absolute leading position.

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