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 a podcast, expanded data, and is cited by governments/banks.
Links
x.com/defillamaLaunches a new podcast focused on interviewing DeFi founders and traders, hiring a co-host.
Added Spark financials to the platform.
Began tracking Spectra MetaVaults total liquidity supplied metrics on the platform.
Data is cited in papers published by governments, central banks, banks like JPMorgan, and universities, with the number of such papers increasing year over year.
Tracked spot DEX volume at $11.817 billion in 24 hours with a weekly change of -4.14% as of March 31, 2026.
Reached onchain perp DEX volume of $8.4 billion on April 4, 2026, its lowest daily level since July 2025 after five consecutive months of decline, contrasting with $9.816 billion in 24 hours and a +2.66% weekly change as of March 31, 2026.
Generated approximately $700,000 in weekly revenue as of March 2026, up from approximately $330,000 per week in early January 2026, according to DeFiLlama data.
Accumulated over $300 million in total revenue over the past 12 months ending March 2026, according to DeFiLlama data.
Featured on DefiLlama as data source for a report on Mantle's DeFi TVL growth.
Caught an AI-generated DeFi project attempting to fake arbitrage profits using Math.random() in order to gain a DefiLlama listing.
Released an alternative to Coinbase Commerce.
Reported Cardano TVL at approximately $145M as of March 17, 2026.
Co-hosted Palme de Defi event with OctavFi at EthCC Cannes on March 31, 2026, drawing 5x more registrations than capacity and accepting only 20% of applicants.
Launched a centralized portal for CSV data exports, consolidating previously dispersed export functionality across the site into a single interface where users can find datasets, design exports, and download them.
Tracks tokenized RWA market cap at $23.6 billion as of March 2026, up 66% YTD. Also tracks over $20 billion in idle RWA funds, with 90%+ unusable in DeFi due to integration limitations.
Data featured in The Kobeissi Letter publication.
Reached $265.627B stablecoin market cap as of March 31, 2026, up $4.272B (+1.63%) in 7 days. Circulating supply projected to surpass $300B in 2025.
Fixed a bug in holder revenue reporting functionality that was displaying incorrect data.
Tracked digital asset treasury inflows of $555 million in February 2026, the lowest level since October 2024.
Added 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 RWA Assets dashboard tracking real-world assets deployed in DeFi protocols by TVL and category breakdown. Added TVL exposure tracking feature monitoring holder concentration and protocol activity distribution.
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.
Listed Ekubo Protocol's token rights details, covering equity competition, dividend entitlements, and governance control types for protocol-token holder alignment.
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.
Reached $100B for Ethereum's DeFi TVL, first time since early February 2026, sitting 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 for staked ETH and yield-bearing stable leverage token opportunities; launched lending feature March 30, 2026.
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.
Added trending section for custom dashboard discoverability, with hundreds of dashboards built using Pro dashboard builder. An update is scheduled for release soon.
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.
Made 23 LlamaAI tools free for a limited time, enabling AI search of onchain data via Claude AI. Integrated LlamaAI alerts into Telegram for customizable daily notifications on onchain trends and DeFi news.
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.