Explore the DeFi Data Treasure: Comprehensive Function Analysis of DefiLlama

DeFiLlama has evolved into a powerful DeFi data aggregation platform. This article will provide a comprehensive overview of DeFiLlama's various features, helping readers make the most of this tool to extract data insights in the DeFi space.

Decentralized Finance Overview

DeFiLlama provides a panoramic view of the Decentralized Finance ecosystem:

• Display the total locked value of the entire Decentralized Finance ecosystem (TVL)
• Rank protocols by TVL
• Can filter rankings by public chain

It is worth noting that Lido has jumped to the top due to the Ethereum merge, with 99.2% of its TVL coming from ETH.

Public Chain Data

Detailed data of each public chain:

• Ranked by TVL/protocol number/variation/stablecoin quantity
• Can be classified as EVM, non-EVM, Rollup, Cosmos, parachain, etc.

Paying attention to the 7-day/1-month changes in TVL can reveal new projects coming online. The number of stablecoins reflects the development level of the public chain's Decentralized Finance infrastructure.

Unlaunched Token Projects

• Unreleased coin DeFi protocols sorted by financing time

Data updates are slow, but there is still some Alpha discovery value. It is recommended to consider the project launch time comprehensively.

Protocol Treasury

• Sort by total treasury amount
• Display the proportion of various tokens in the treasury

Sufficient funds in the protocol do not equate to rapid development. Holding a large amount of its own tokens may indicate low market circulation or that the DAO has become the largest seller. Non-stablecoins pose a risk to the treasury.

Oracle

• Sort by total value guarantee ( TVS )
• The protocol status of various oracle services

Chainlink is the undisputed industry leader. However, data does not equal actual service counts, which introduces a certain degree of ambiguity.

Most Copied Protocols

• View the most forked Decentralized Finance protocols

The ones that are widely copied are basically the industry leaders. Developers can find new opportunities for experimentation from this.

Leading Projects in Various Public Chain DeFi Subfields

• View the leading projects in different DeFi sub-fields across various public chains.
• Covers: liquidity staking, CDP, DEX, lending, yield aggregation, cross-chain bridge, etc.

The leading public chain ecosystem is diversifying into multi-chain, while smaller ecosystem leaders are also seeking larger markets through multi-chain. The missing services in the public chain ecosystem could become new opportunities.

Protocol Comparison

• Support selecting multiple protocols for TVL comparison on the timeline.

Comparing with projects in the same track may have value. This feature can also be extended to comparisons of revenue, user numbers, FDV, and other indicators.

Token Usage

• Check the usage of the token in Decentralized Finance

Data comes from on-chain but is not comprehensive, limited to projects listed by DeFiLlama. Interesting data includes the use of 3.49 billion USDT on JustLend.

Decentralized Finance 分类

• The number of DeFi projects in each category, TVL, and other data

DeFiLlama categorizes DeFi into 31 categories. Fields with fewer projects, such as privacy, oracle, leveraged farming, unsecured lending, exotic options, and real asset lending, may present opportunities.

New Listed Projects

• Recently included projects by DeFiLlama

Note that "recent" refers to the time of inclusion rather than the time of mainnet launch, which may have a lag.

Programming Languages

• The proportion of different programming languages in Decentralized Finance
• Compare by TVL
• Ratio of open-source/non-open-source protocols in the Solana ecosystem

To learn more about developer data, you can check out Electric Capital's data website.

Revenue Data

liquidity pool

• Liquidity pools ranked by TVL
• Covering 5327 pools across 275 protocols on 59 chains

In addition to mainstream assets, GLP and GMX in the GMX ecosystem rank highly.

Delta Neutral Strategy

• Select collateral tokens, automatically choose strategies
• Calculate the total return of each strategy component

Currently, there are few tracked pools, for reference only.

Long and Short Strategy

• For the given token, display all supported liquidity pools and delta neutral long-short strategies on CEX perpetual contract markets.
• Consider the CEX funding rate and calculate the annualized return based on DeFi yield.

The current cooperating CEX is OKX, and the decentralized platforms include Venus, Ankr, WOOFi, etc.

Leverage Lending

• Find the data for different leveraged lending projects such as cyclical APY, supply APY, LTV, etc.
• Covering 158 pools across 291 protocols on 23 chains

Compared to other chains, the number of BNB chain projects is higher and the circulating APY is also higher.

Lending

• Ranked according to lending project returns, LTV, supply and demand, etc.
• 777 liquidity pools covering 23 chains and 291 protocols

Earnings Overview

• Search for the median APY and distribution of a single cryptocurrency
• Check the APY of a certain cryptocurrency in different project pools.
• APY Data Visualization Comparison

The visualization panel is suitable for creating staking data analysis reports.

Stablecoin Pool

• Covers 422 pools across 275 protocols on 59 chains
• Display the TVL, Base APY, Reward APY, and 30-day average APY of each stablecoin pool.

High APY is largely subsidized by project token rewards. In addition to Ethereum, some L2 stablecoin pools are also worth paying attention to.

Qingzhen Pool

• Tracking 5273 pools across 36 protocols on 59 chains
• Including simple exchange DEX, single asset farming, liquidity staking, cross-chain LP, etc.
• "Halal" can be understood as a simple and safe pool.

The TVL of the DAI-USDC pool of Arrakis Finance is $280 million, with no tokens issued yet, only Base yield.

Trading Aggregator

• Aggregate multiple aggregators to provide the best trading path.
• Calculate trading results and various fees
• Customizable slippage

Some aggregators offer discounts. You can select the routing here first and then go to the corresponding aggregator to look for discounts.

Lending Aggregator

• Input collateral and loan tokens, view all lending protocols
• Calculate the cost of each loan, considering incentives, lending and borrowing APR, etc.
• List all possible borrowing avenues, costs, and LTV

Transparency of Centralized Exchanges

• Centralized exchange asset inflows and outflows, net assets, and other data

Currently, OKX has a monthly net inflow of $240 million, while Binance has a monthly net outflow of $2.07 billion. The top five net outflows have not all flowed into the top ten net inflow exchanges, and there may be over $1.5 billion in assets transferred on-chain. It is worth paying attention to the exchanges with net inflows during the bear market.

Settlement Data

• Total settlement amount of each chain and protocol
• Total liquidation amount under a 20% decline
• The liquidation situation of the 100 largest positions

The highest settlement prices for ETH/USD are $1088 for the top 10, about $1290 for the 12th and 15th places, and $1547 for the 18th place, which is relatively special.

Trading Volume Data

• DEX Daily/Weekly/Monthly Trading Volume Ranking
• Statistics on transaction volume, change amount, TVL, market share, and cumulative amount by chain
• Options trading volume rankings and related data ( has defects )

Currently, the trading volume of options market Lyra accounts for more than 56% of the statistical data, holding an absolute leading position.

Income and Expenses

• A list of projects ranked by income and expenses

The top 50 project categories by revenue include: public chains/Rollup( selling block space), DEX( transaction fees), liquidity staking( rewards), options/futures/lending, NFT marketplace/lending, CDP, synthetic assets, oracles, etc.

Interesting phenomenon: Projects with a market value of billions of dollars may only have revenues of a few million, and most of the earnings fail to reach the token holders.

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