what's defillama?
DeFiLlama is a comprehensive analytics platform and data aggregator for the decentralized finance (DeFi) ecosystem, providing real-time insights into key metrics across multiple blockchains. Its primary purpose is to offer transparent and accurate data on total value locked (TVL), stablecoin market caps, DEX and perpetuals trading volumes, fees generated, and emerging categories like Real World Assets (RWAs), without any ads or sponsored content. Key features include chain-specific dashboards, yield and APY tracking for thousands of pools, an open-source API for developers, and tools like LlamaSwap for optimal on-chain swaps and borrowing. The platform emphasizes community contributions through pull requests for new protocol listings and has expanded to cover non-DeFi areas such as digital asset treasuries and CEX transparency. Recently, DeFiLlama has faced controversies, including delistings of protocols like Aster DEX for alleged wash trading and fake volumes, which has sparked industry debates and negative sentiment campaigns using competitor tools like Dune dashboards that ironically rely on its own data.
DefiLlama launched an RWA Assets dashboard tracking real-world assets in DeFi by TVL and category.
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x.com/defillamaAdded airdrop information feature allowing users to find expected sizable airdrops directly on the platform.
TVL surged 75% to $459M+ over 7 days as of late February 2026.
Ranks 20th by TVL on DefiLlama.
Now tracked and reflected on DefiLlama following the gTrade deployment on Mega.
Experienced data discrepancies that required 24 to 48 hours for data restoration, as acknowledged by Binance on 2026-02-11.
Listed as an A-Tier essential trading tool for TVL, DEX volumes, and token unlocks tracking in a widely-shared trading tools comparison.
Launched an RWA Assets dashboard tracking real-world assets deployed in DeFi protocols by active TVL and category breakdown.
Acquired Bulletin, a platform providing structured valuation and OTC data for private crypto companies, to integrate this data into the main DefiLlama platform.
Released a Python SDK for their APIs.
Total value locked reached $915 million in January 2026 according to DefiLlama data.
Launches a feature to track token rights, including equity competition, dividend entitlements, and governance control types for different tokens.
integrated support for ApeChain ecosystem tokens
Moved support channels away from Discord to live support chat and email tickets due to security concerns about direct message scams.
Releases cool upgrades according to market commentary.
Ethereum's DeFi TVL reached $99B+, reported as over 9x the next-largest L1 ecosystem.
Tracks MANTRA EVM liquidity hubs on its platform, expanding coverage to this new EVM chain.
Integrated with SeamlessFi to track and organize leverage token opportunities for staked ETH and yield-bearing stables.
Added income statements feature to the platform.
Featured in a list of recommended airdrop tracking platforms shared by a crypto influencer.
Platform reports unusually high correlation coefficients (over 0.9, up to 0.99) between largest cryptocurrencies over the past 7 days.
Hyperstiti0ns is now listed on the platform and ranks as the 6th biggest prediction market by 7-day volume.
A new "Cumulative Earnings" metric launches on the platform, showing total revenue minus total incentives for projects.
DefiLlama adds open interest tracking across perpetual DEXs to its platform.
DefiLlama tracks $400M+ TVL across the prediction markets ecosystem including liquidity, agent balances, and bookmaking capital.
DefiLlama's Hyperliquid USDC tracking is incomplete as it does not capture USDC on HyperEVM, which bypasses the canonical Arbitrum bridge that the platform monitors.
Risk Curators emerge as one of the fastest-growing categories tracked on the platform.
A DAT (Digital Asset Treasuries) dashboard launches for tracking and analyzing digital asset treasuries with specialized metrics including mNAV and future dilution.
shMonad's APY data was added to the platform's dataset and integrated into the shMonad frontend.
Hundreds of dashboards are being built using the DefiLlama Pro dashboard builder, demonstrating adoption of the platform's analytics tools for tracking chain metrics and protocol categories.
DefiLlama introduces a new metric called "Productive Stablecoins" defined as stablecoins in DefiLlama DeFi TVL, measuring actively used stables versus idle ones on chains.
@0xngmi hires @patfscott for the DefiLlama team.
Launched AI search tool indexing thousands of protocols with manually vetted links, accurate rebrand mapping, and onchain data access. Rolled out safe-search feature for 5,000+ whitelisted domains, protecting against fake domain scams.
The platform tracks a total of 5460 protocols with cumulative fee data.
DefiLlama changes protocol listings under Solana TVL, removing all DEXes and protocols like Kamino from the rankings.
The three fastest-growing chains by TVL are Taiko, Mayachain, and Ethereal; top weekly fee generators are Tether, Circle, Hyperliquid, Aave, and Pump.
The platform tracks 1843 DEXs.
The platform now tracks 326 stablecoins as of November 25th, 2025.
XAUT (gold-backed token) enters the top 20 by TVL on the platform with $2.1B, surpassing protocols like Curve and Fluid.
Octav partners with DefiLlama to offer API access to ETHGlobal hackathon developers for building data platform widgets.
After November 24th, DeFi protocols on Monad will start getting listed on the platform for metric tracking.
A Cloudflare outage caused DefiLlama services to go down, prompting the team to move infrastructure off Cloudflare after hours of work to restore the platform.
Revenue data for the Lighter protocol is now tracked on the platform.
DefiLlama integrates Kalshi prediction market data, expanding coverage to include offchain trading platforms.
DefiLlama publishes a comprehensive 30-page research report on Katana L2, expanding beyond data aggregation into project analysis and research content.
DefiLlama now displays volume data for Titan_Exchange on its platform.
The Pro subscription automatically offers yield from AAVE on customer deposits, allowing users to earn returns on unused portions of pre-paid subscriptions.
DefiLlama releases LlamaAI, described as the biggest feature ever and the most powerful AI tool for fundamentals-based crypto analysis with capabilities to identify protocol revenue and TVL trends, analyze revenue stability, chart BTC deposits in DeFi over time, and create market cap vs revenue visualizations.
DefiLlama adds HyperSignals_ai volume tracking to its perpetuals dashboard.
DefiLlama adds DoubleZero fee data tracking to its platform.
Research division publishes comprehensive 30-page report on Katana covering revenue drivers and yield sources.
Strategic pivot announced from securing other chains to unlocking Bitcoin liquidity for holders.
DefiLlama now tracks all More Markets accounts.
Almost all DefiLlama subscription purchases use credit card payments instead of cryptocurrency.
New Peapods platform with GluexProtocol routing achieves 2x better swap outcomes than Llamaswap for tokens with Pods, challenging the aggregator to integrate or fall behind.
DefiLlama adds Makinie and Tanken Capital to its platform coverage.
The project hired @patfscott, with the hire being characterized as potentially the best decision of 2025.
DefiLlama implements methodology change to exclude recursive looping strategies from TVL calculations, establishing that TVL counts only user deposits rather than leveraged positions.
Blockworks shuts down their News Arm and pivots strategy to focus on reselling the free DefiLlama data.
Platform tracking is being updated to include BOB network metrics showing 150m stables.
DefiLlama published an explainer piece and research about the Katana project.
Blockworks identified as potential competitor that could outcompete the platform as the go-to crypto data terminal/website.
External endorsement recognizes the platform's integrity in staying objective even when upsetting sponsors, suggests it should be funded as a public good protecting onchain truth.
Platform now tracks OpenStableIndex on Fees & Revenue Dashboard. Data error shows 95% of stablecoins on Sui network missing.
Founder states Aster remains "still a black box" after the project's data was relisted on the platform.
Multiple new products for DeFi analysts announced for release within the next few weeks.
Platform relists Aster project after delisting it approximately one week ago without providing explanation for the reversal.
Platform displays 0xHyperBeat strategies and Spectra LP/PT opportunities dominating top rankings in the Hyperliquid section.
Platform releases research spotlight covering Katana and DeFi's productive heartland development.
Points program shut down and new USD* product launches with over 10% APY, up from the legacy product's 1% APY.
Platform data captures October 11 flash crash impact: Perp DEX open interest dropped from $26B to under $14B, lending protocols recorded all-time high $20M in fees, DEX weekly trading volume hit record $177B, cross-chain borrowing fell below $50B for first time since August, and stETH APY briefly spiked above 7%.
Real World Assets total value locked increases nearly 10% in the past week, surpassing $16.7 billion in TVL.
Team representative Pat Scott scheduled for public appearance on trading stream at 3pm PST.
Binance founder CZ expresses furious reaction to the Aster DEX wash trading accusations, bringing major industry figure attention to the ongoing dispute.
Community references a new "Wrapped DeFi Llama vs DeFi Llama fight," suggesting emergence of a competing or forked entity, with speculation about potential token launches from either party.
Competitor Dune dashboards being used to criticize the platform actually pull data from its own API. Aster allegedly pushed an "anti-DeFiLlama" narrative as retaliation after being delisted for fake volumes, providing context for the coordinated negative sentiment campaign.
Cofounder's controversial tweets trigger significant negative community sentiment and what appears to be a coordinated campaign questioning platform trustworthiness, with multiple identical posts promoting competitor Dune.
Platform delists Aster Perps after determining all trading volume was fake, demonstrating active data quality control and curation measures.
Platform now tracks revenue for Migratefun protocol, expanding coverage to include this new protocol's financial metrics.
Team designs and deploys comprehensive stablecoin tracking section for all centralized exchanges including Binance in 12-hour timeframe.
Platform introduces 'pro' subscription tier, with users expressing dissatisfaction over pricing appropriateness.
The project announces hiring for its first non-developer sales representative position focused on revenue generation.
Platform adds new dashboard for stBTC tracking.
Platform publishes new DAT dashboard.
DeFiLlama research publishes comprehensive research piece on RedStone DeFi oracle project.
Platform adds tracking support for $MUSD token with dedicated dashboard, currently limited to Ethereum network.
DeFi TVL nears historic peak after three-year gap, signaling sector recovery.
New AI-powered dashboard generator launches, enabling custom dashboard creation in under 1 minute.
Platform features dedicated Delta Neutral Strategies section showing 1000%+ APY opportunities through customizable yield search.
Platform spends mid-five figures annually on Google ads security mitigation for llamaswap, establishing itself as trusted entry point for crypto website access.
Top banks and governments now use platform as primary source for stablecoin data tracking.
DeFi Llama introduces financial statement tables for listed projects, shifting towards traditional finance metrics and earnings-based valuations.
New financial statement tables enable traditional finance metrics (P/E, P/S, MC/TVL) for protocol valuation.
Launches new legal document parsing system LlamaParse in collaboration with neo4j, enabling contract-to-graph conversion and structured data extraction.
Raises section serves as market top indicator and airdrop opportunity finder through monitoring of new protocol fundraising.
First-mover advantage established in tracking major crypto narratives hyperliquid and pumpfun before widespread adoption.
Development team demonstrates 24-hour turnaround time on metric implementation requests, collaborating with Theia for platform enhancement.
$310M TVL reported with new DeFi Llama real-time tracking integration.
Platform advances to 4th position on DefiLlama with $11.84M TVL and 43.7% APY.
Platform launches yield-generating checkout page that can fully cover subscription fees through AAVE yield earnings.
Trading volume surges 1888.2% in 30 days as platform rises to 6th position on leaderboard.