DeFi Llama: A Decentralised Analytics Dashboard

DeFi Llama is a premier decentralised finance (DeFi) analytics dashboard that primarily tracks the total valued locked (TVL) of blockchains and their decentralised applications (DApps).

In this guide, we have summarised each of the platform's offerings.

Why should I use DeFi Llama?

If you look at the above image, you will see that the platform offers a variety of dashboards to track decentralised finance data (left-hand side of your screen).

This includes Yields, Liquidations, Volumes, Fees/Revenue, Raises, Hacks, and more. Simply click on a category of your choice to view and analyse relevant data.

With the help of available dashboards, you can keep track of the entire decentralised finance sphere and conduct in-depth research into all major blockchains and DApps. What makes this data even more interesting is that it allows you to visualise the growth of the sector over time and see how major blockchains and DApps have developed.

While the available information may seem like an overload to new users, it is a fantastic opportunity to gain insights into potential gems if you figure out where to look, among other possibilities (please DYOR!).

For example, if we look at the above chain-by-chain breakup of the crypto sphere, we see that Ethereum (ETH) dominates the space, with a TVL of over $30B. Ethereum boasts 670 protocols at the time of writing, and if we click on it, we will see the collection of protocols on the blockchain.

With the help of this data, we can determine the categories of Ethereum protocols, their TVL, TVL statistics, etc. This information could help us find great opportunities (again, DYOR!).

If we click on Lido (LDO), for example, further insights into the protocol, including important links, token information, methodology, competitors, raises, treasury, yields, fees, and revenue breakup, are available.

It should be noted that this is just one way of using the platform. To put it into perspective, there are 2,176 protocols listed on DeFi Llama currently - numerous data metrics are available and the number of possibilities is endless.