Information serves as a foundation in the crypto sphere. All cryptocurrency enthusiasts are gaining knowledge on how to find, process and utilize data for profit. Therefore, today we will discuss the leading platform offering extensive information about the DeFi sector and related trends in the crypto market - DeFi Llama: we will look at the features of this service and how to use it to discover that very Alpha.
DeFi Llama stands out as one of the most trusted analytics services and data aggregators in the encrypted market. Launched in 2020, DeFi Llama is similar to existing online aggregators such as DeFi Pulse and has since expanded its functionality to provide a wider range of analytics tools.
It all started with TVL in the DeFi sector and a few supporting dashboards, evolving into a comprehensive ecosystem where experienced traders can identify methods to profit on a short to medium-term horizon in a few hours without leaving the DeFi Llama website.
Note: 95% of the information available on DeFi Llama is collected online. Data collected online is difficult to fake, to change, but without specialized tools it is even more difficult to systematize. Thus, aggregators greatly simplify the lives of cryptocurrency enthusiasts and help unlock the full potential of publicly available transparent blockchains.
Llama is an online data aggregator focused on the DeFi sector. Data is presented in customizable, interactive dashboards categorized in different ways. The dashboards serve as the main tool for research and analysis on the service, so below we will provide a detailed overview of the key sections and dashboards of the platform.
But before that, let's take a look at the DeFi Llama dashboard.
The top of the dashboard displays information charts based on user-configured filters. The information collector supports data from most leading blockchains, providing both general and specific network information in each section. The information is displayed in table form and can be filtered based on various criteria. Interactive elements in the tables offer detailed explanations about metrics or projects. Some dashboards have filters to include additional data excluded by default, such as Loans in the TVL dashboard. Note: a project may run on multiple networks, so its data on different blockchains may differ. If you have experience using aggregators such as CryptoRank, Coinmarketcap or Coingecko, you should have no problems. For beginners, it's best to start by clicking all the buttons to learn all the features of the service. While DeFi Llama focuses solely on DeFi, dashboards useful for making money or understanding DeFi protocols and related activities can be found for degens. First up is earning: this section compiles the main ways to make money in DeFi, including liquidity pools, stablecoin pools, and even Shariah-compliant protocols. Most dashboards display data for specific protocols or pools, but there are also some tools worth a special mention: Delta Neutral Strategies: This aggregator develops earning strategies based on a loan-to-loan-mining scheme. Simply specify your collateral assets and the aggregator will choose the right actions for you, even detailing what you need to do. Note: Delta-neutral strategies involve hedging risks by utilizing opposite positions simultaneously, making up complex methods of making money from cryptocurrencies. It is recommended to understand the theoretical underpinnings of DeFi and conduct personal research on related protocols before using the picker!
Long/short strategy: New tool in the Yield section. This builder automatically creates earning strategies based on simultaneously opening long and short positions on assets on different platforms or their inverse versions. Similar to neutral delta strategies, you only need to specify the desired tokens.
Important Note: This method of earning money involves interaction with CEX, so it is recommended that you first read our articles on trading and the basic principles of futures trading. This will help you understand how to open desired positions on cryptocurrency exchanges.
If you want to assess how much profit DeFi can currently generate and which protocols are currently working, just open the Overview Dashboard. From the data, we can see that despite the high-risk protocols, the average annual percentage yield (APY) of all tracked pools is currently less than 4%.
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In addition to DeFi's complex and intricate data, DeFi Llama also offers simple but equally useful dashboards that can be helpful in the research process:
This gathers key metrics about the market value of centralized cryptocurrency exchanges, including spot market position volume, deposit trends, and net worth. This dashboard was launched after Binance led the “transparency” trend, and overall it is not significantly different from similar dashboards on other data collectors:
Provides volume liquidation of positions across DeFi's various platforms. It should be noted that, unlike liquidation charts on CEX, DeFi Llama data includes liquidation of margin positions and credit positions. Users can choose to track specific positions or save the database to manually search for liquidations of desired wallets:
DEX trade volume. You can explore general information, blockchain distribution and information about each platform. This section also includes information on options trading volume, which is not typical for the DeFi space. If you're looking for DEX to exchange, provide liquidity, or evaluate the prospects of your own token, this will be helpful.
Here are statistics on hacker attacks and vulnerabilities for all DeFi projects. Users can get general information, summaries of each attack and links to external sources for more in-depth research.
It is important to note that DeFi Llama is a completely open platform. In addition to voluntary donations, access to all of the aforementioned information and analytical tools is free.
Many users are waiting for the release of their own token to realize value, but this issue has caused controversy among DeFi Llama developers, leading to internal conflicts within the team. There have even been discussions about the possibility of launching a tokenized fork of the original platform, but currently all plans regarding the release of their own token have been put on hold.
DeFi Llama's main product is an information aggregator, but the project's ecosystem is not limited to that. During more than 3 years of development, the platform has acquired additional resources and tools that can also be useful to crypto-enthusiasts in various fields:
DeFi Llama is the largest and most well-known on-chain data aggregator in the cryptocurrency market. Tracking dozens of blockchains and thousands of DeFi projects, it provides users with extensive information and convenient analytical tools. Crypto-enthusiasts will inevitably resort to using this platform and incorporate it into their activities.
The service brings together data useful for users engaged in different sectors and with different levels of experience in the cryptocurrency market. This data is conveniently structured in the form of a dashboard, with most aspects already described in this article. Thanks to this, DeFi Llama can replace several highly specialized aggregators, saving users countless hours of on-chain research.
However, this is only the tip of the iceberg in working with an aggregator. Unlocking the true potential of DeFi Llama and the depth of data it provides requires mastering the various metrics, dashboards, filters and applying them through hands-on experience. This feature-rich tool is not easy to master, but once understood, DeFi will no longer seem like a dark forest thicket. Good luck to you!
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