{"id":"defillama","hidden":false,"ipfs":"QmU5CNz46b9MB13mM6JXVC4XhYaMEsQaXoeU5VtseH7Fhi","language":"en","transactionHash":"0x759dd993970354537c44452aa7a844cbeb9d53f39c88c21878a04698905eb589","created":"2023-05-14T05:00:47.736Z","updated":"2023-05-21T01:28:51.693Z","title":"DefiLlama","summary":"DefiLlama is an open-source DeFi analytics platform that aggregates TVL, fees, yields, RWA, and exchange data across multiple blockchains.","content":"**DefiLlama** is an open‑source analytics platform that aggregates [decentralized finance (DeFi)](https://iq.wiki/wiki/defi) data across hundreds of [blockchains](https://iq.wiki/wiki/blockchain) and thousands of [crypto protocols](https://iq.wiki/wiki/cryptocurrency). It focuses on [total value locked (TVL)](https://iq.wiki/wiki/total-value-locked), protocol fees and revenue, yields, [stablecoins](https://iq.wiki/wiki/stablecoin), and other on‑chain metrics, with data maintained by contributors from hundreds of projects and standardized through public methodologies.[\\[1\\]](#cite-id-aljq5chhluc) DefiLlama was co‑founded by [0xngmi](https://iq.wiki/wiki/0xngmi), Charlie Watkins, and Ben Hauser in 2020.[\\[5\\]](#cite-id-etviy64m2d)​[\\[7\\]](#cite-id-h9zmxnd1xr)​\n\n## Overview\n\nDefiLlama functions as a TVL and DeFi data aggregator for multiple [blockchains](https://iq.wiki/wiki/blockchain) and their associated [decentralized applications (DApps)](https://iq.wiki/wiki/decentralized-application). It tracks thousands of protocols across more than 500 chains, covering liquidity, protocol revenue, [decentralized exchange (DEX)](https://iq.wiki/wiki/decentralized-exchange) volume, [real‑world asset (RWA)](https://iq.wiki/wiki/real-world-asset-rwa) activity, and centralized exchange metrics in a single interface.[\\[1\\]](#cite-id-aljq5chhluc)​[\\[5\\]](#cite-id-etviy64m2d)​\n\nThe platform’s dashboards are free to use and expose data through an open API, while professional subscribers can access higher‑frequency data, custom analytics, and tools such as LlamaAI, an AI research layer built on top of DefiLlama’s datasets.[\\[1\\]](#cite-id-aljq5chhluc)​[\\[6\\]](#cite-id-u4mgwc7poz)​\n\n## History\n\nDefiLlama launched around 2020 as a community‑driven dashboard tracking DeFi TVL across major networks, later expanding to hundreds of chains and thousands of protocols as activity diversified beyond [Ethereum](https://iq.wiki/wiki/ethereum).[\\[5\\]](#cite-id-etviy64m2d)​[\\[7\\]](#cite-id-h9zmxnd1xr) Over time it added sections for yields, [stablecoins](https://iq.wiki/wiki/stablecoin), protocol fees, and hacks, becoming a reference point for on‑chain analytics used by traders, developers, and journalists.[\\[7\\]](#cite-id-h9zmxnd1xr)​\n\nIn March 2023, a public dispute emerged between pseudonymous co‑founders [0xngmi](https://iq.wiki/wiki/0xngmi) and 0xLlam4 over a proposed LLAMA token launch, leading [0xngmi](https://iq.wiki/wiki/0xngmi) to [fork](https://iq.wiki/wiki/fork) the frontend and denounce a token that had been prepared without broader team consent.[\\[3\\]](#cite-id-em8ucfu0lxw)​[\\[4\\]](#cite-id-m9y6yjs0x2) The conflict raised concerns among users about control of the website, but was resolved after 0xLlam4 apologized, the team reconciled, and control reverted to [0xngmi](https://iq.wiki/wiki/0xngmi)’s group.[\\[3\\]](#cite-id-em8ucfu0lxw)​\n\nFollowing the dispute, DefiLlama reiterated that there was no LLAMA token planned and that any future token or [airdrop](https://iq.wiki/wiki/airdrop) would be discussed with the community. It also became part of Llama Corp, a broader collective building data analytics, infrastructure, payments, and media products including DL News, LlamaFeed, LlamaNodes, ChainList, and other tools.[\\[1\\]](#cite-id-aljq5chhluc)​[\\[5\\]](#cite-id-etviy64m2d)​\n\n### Recent Developments\n\nFrom 2024 through mid‑2026, DefiLlama focused on expanding its analytics coverage and layering new tooling on its core datasets as part of a broader push to become a data company spanning analytics products, a research arm, and AI‑driven tools.[\\[7\\]](#cite-id-h9zmxnd1xr)​[\\[8\\]](#cite-id-6cx7q2i7zz) It launched an upgraded yields dashboard with improved sorting, risk views, and visualizations to allow users to compare APYs and liquidity across protocols and chains.[\\[11\\]](#cite-id-pzcun0kf7l) The team also introduced a [MiCA](https://iq.wiki/wiki/mica)‑compliant exchanges dashboard that highlights centralized trading venues serving European users after exits by incumbents such as [Binance](https://iq.wiki/wiki/binance), integrating it into its broader CEX transparency suite.[\\[12\\]](#cite-id-cd1qjw4y5g)​\n\nDefiLlama’s RWA dashboard grew into one of its most active verticals, expanding coverage to around 1,250 tokenized assets and adding tracking for RWA perpetuals and structured credit vaults across multiple chains.[\\[10\\]](#cite-id-zwmbdhv3gi) In parallel, LlamaAI moved from an initial LlamaPro‑only release in late 2025 to a more capable research platform by mid‑2026, with additional data sources, research‑mode reports, and an integration that allows users to query it directly via X.[\\[9\\]](#cite-id-9wpb7sxr4a)​[\\[8\\]](#cite-id-6cx7q2i7zz)​\n\nThroughout this period, Llama Corp acquired the on‑chain data newsletter Bulletin to feed structured news and research into DefiLlama’s dashboards, while DL News operated as a sister media outlet focused on crypto and DeFi markets before later being wound down as Llama Corp shifted resources toward data and infrastructure businesses.[\\[7\\]](#cite-id-h9zmxnd1xr)​\n\n## Technology and Architecture\n\nDefiLlama’s architecture combines open‑source adapters that query [smart contracts](https://iq.wiki/wiki/smart-contract) on each supported chain with centralized indexer services that normalize results into a unified schema. Protocol‑specific adapters calculate balances and positions at the contract level, while indexers aggregate them into per‑protocol, per‑chain, and sector views exposed via dashboards and APIs.[\\[1\\]](#cite-id-aljq5chhluc)​[\\[5\\]](#cite-id-etviy64m2d)​\n\nThe platform publishes its methodologies and encourages external contributors to build and maintain adapters, subject to review for consistency with its TVL and pricing rules. This design allows rapid listing of new protocols while keeping calculations reproducible and auditable by the community.[\\[5\\]](#cite-id-etviy64m2d)​[\\[7\\]](#cite-id-h9zmxnd1xr)​\n\n### Data Collection and Methodology\n\nDefiLlama calculates TVL by tracking tokens locked in [smart contracts](https://iq.wiki/wiki/smart-contract) on each supported [blockchain](https://iq.wiki/wiki/blockchain) and attributing value to the chain where the deposit first occurs.[\\[5\\]](#cite-id-etviy64m2d) Token prices are primarily sourced from [CoinGecko](https://iq.wiki/wiki/coingecko), with some assets priced using on‑chain mechanisms such as [Uniswap](https://iq.wiki/wiki/uniswap) v2‑style pools when off‑chain pricing is unavailable.[\\[5\\]](#cite-id-etviy64m2d)​\n\nIts methodology excludes non‑circulating or unissued tokens, such as team‑vesting allocations, and aims to count each deposit only once per protocol to avoid double‑counting where users receive derivative or receipt tokens.[\\[5\\]](#cite-id-etviy64m2d) Native [staking](https://iq.wiki/wiki/staking) used for chain security is omitted from chain TVL, while [liquid staking](https://iq.wiki/wiki/yield-farming) protocols are tracked separately rather than added to base‑chain totals; similarly, bridge TVL is reported as its own category without inflating any single [blockchain](https://iq.wiki/wiki/blockchain)’s aggregate figures.[\\[5\\]](#cite-id-etviy64m2d)​\n\nDefiLlama also excludes balances in smart‑contract wallets such as multisig treasuries when they are not part of an active DeFi protocol, and makes its API freely accessible for low‑rate queries, with higher limits and raw data feeds available to paying customers.[\\[5\\]](#cite-id-etviy64m2d)​\n\n### LlamaAI\n\nLlamaAI is DefiLlama’s proprietary AI layer that lets users query its datasets using natural language. Initially launched in late 2025 for LlamaPro subscribers, it converts plain‑language prompts into structured queries against DefiLlama’s live on‑chain data, returning tables, charts, and summaries tailored to the question.[\\[6\\]](#cite-id-u4mgwc7poz)​[\\[8\\]](#cite-id-6cx7q2i7zz)​\n\nUnder the hood, LlamaAI runs on top of general‑purpose frontier language models with a set of guardrails, extensive fine‑tuning, and source‑tracking designed to minimize hallucinations. As of mid‑2026 it can draw on DefiLlama’s crypto data along with external inputs such as X posts, news articles, on‑chain wallet activity, traditional finance market data, and prediction markets, and can generate Monte Carlo simulations and candlestick charts.[\\[8\\]](#cite-id-6cx7q2i7zz)​[\\[9\\]](#cite-id-9wpb7sxr4a)​\n\nA research mode produces fully sourced long‑form reports, while suggested prompts and prebuilt templates help users explore topics like protocol revenue trends or cross‑asset correlations. LlamaAI is also integrated with X, where tagging the  account on a post can trigger automated replies that analyze the referenced protocol’s metrics using DefiLlama data.[\\[8\\]](#cite-id-6cx7q2i7zz)​\n\n## Use Cases\n\nRetail users and yield farmers use DefiLlama to compare TVL, yields, and protocol fees across chains, identify liquidity incentives, and track [stablecoin](https://iq.wiki/wiki/stablecoin) distributions when choosing where to deploy capital.[\\[2\\]](#cite-id-txaoxixmylm)​[\\[5\\]](#cite-id-etviy64m2d) Analysts and funds rely on its revenue, volume, and treasury dashboards, as well as the open API, to build models, monitor sector rotations, and screen for protocols with specific growth or risk profiles.[\\[7\\]](#cite-id-h9zmxnd1xr)​\n\nProtocol teams use DefiLlama to benchmark themselves against competitors, verify that their adapters and metrics are accurate, and monitor how upgrades or incentive programs affect TVL and user activity. Journalists, regulators, and institutions reference the platform’s TVL, [stablecoin](https://iq.wiki/wiki/stablecoin), RWA, and hacks databases to contextualize market events, study emerging risk concentrations, and understand how on‑chain liquidity responds to regulatory changes or exchange incidents.[\\[7\\]](#cite-id-h9zmxnd1xr)​[\\[10\\]](#cite-id-zwmbdhv3gi)​\n\n## Ecosystem and Products\n\nDefiLlama sits within the broader Llama Corp ecosystem, which develops data analytics, infrastructure, payments, cross‑chain, and media products used across the crypto market.[\\[1\\]](#cite-id-aljq5chhluc) Its main dashboard serves as the primary interface to DefiLlama’s datasets, centering on TVL analytics across chains and protocols, including charts, chain‑level breakdowns, and historical inflows and outflows, with protocol pages that compare metrics such as [market capitalization](https://iq.wiki/wiki/market-capitalization) to TVL.[\\[2\\]](#cite-id-txaoxixmylm)​[\\[5\\]](#cite-id-etviy64m2d)​\n\nLlamaSwap is integrated directly into the main dashboard as a meta‑aggregator that sources routes from multiple DEX aggregators and routes trades across them via a single interface.[\\[5\\]](#cite-id-etviy64m2d) DefiLlama also provides dedicated dashboards for [stablecoins](https://iq.wiki/wiki/stablecoin), yields, centralized and decentralized exchange activity, funding rounds, and hacks. [Stablecoin](https://iq.wiki/wiki/stablecoin) pages show supply and distribution by asset and chain, while the yields dashboard ranks pools and protocols by TVL, APY, audits, and risk characteristics, with visualizations such as APY heatmaps.[\\[2\\]](#cite-id-txaoxixmylm)​[\\[11\\]](#cite-id-pzcun0kf7l)​\n\nExchange analytics include DEX volume, fees, and market share as well as a centralized exchange transparency suite that tracks reserves, flows, and a dashboard highlighting [MiCA](https://iq.wiki/wiki/mica)‑compliant venues for European users.[\\[7\\]](#cite-id-h9zmxnd1xr)​[\\[12\\]](#cite-id-cd1qjw4y5g) Additional pages cover protocol revenue, token unlocks, treasury holdings, governance proposals, and a funding database of venture and grant rounds reported across the industry.[\\[7\\]](#cite-id-h9zmxnd1xr) A real‑world asset (RWA) dashboard tracks tokenized assets across multiple chains; by mid‑2026 DefiLlama reported coverage of around 1,250 tokenized instruments, including collateralized debt products and RWA perpetuals.[\\[10\\]](#cite-id-zwmbdhv3gi)​\n\nWithin the ecosystem, DefiLlama Research publishes long‑form analysis and product updates, including detailed explainers on tools such as LlamaAI.[\\[8\\]](#cite-id-6cx7q2i7zz) LlamaFeed operates as a news and data newsletter highlighting market events, exchange changes, and regulatory developments, often linking back to relevant DefiLlama dashboards. LlamaNodes offers [blockchain](https://iq.wiki/wiki/blockchain) infrastructure services aligned with DefiLlama’s data coverage, while ChainList helps users connect wallets to EVM‑compatible networks by publishing RPC and chain‑ID information.[\\[7\\]](#cite-id-h9zmxnd1xr)​[\\[5\\]](#cite-id-etviy64m2d)​\n\nThe ecosystem previously included DL News, a crypto and DeFi news outlet that functioned as a sister company to DefiLlama before being shut down as Llama Corp reallocated resources toward data, infrastructure, and AI‑enabled analytics. Llama Corp’s acquisition of the Bulletin newsletter further integrated news and research content into its analytics stack and linked it more closely to DefiLlama’s data products.[\\[7\\]](#cite-id-h9zmxnd1xr)​\n\n## Token Plans and Controversy\n\nIn March 2023, a public dispute emerged between [0xngmi](https://iq.wiki/wiki/0xngmi) and 0xLlam4, two pseudonymous co‑founders of DefiLlama, over launching a LLAMA token. [0xngmi](https://iq.wiki/wiki/0xngmi) opposed a token plan that he said had been prepared without broader team support and forked the frontend to prevent what he viewed as an unwanted token rollout.[\\[3\\]](#cite-id-em8ucfu0lxw)​[\\[4\\]](#cite-id-m9y6yjs0x2)​\n\nFollowing community backlash, 0xLlam4 apologized and the team reconciled, with control of the main site remaining with [0xngmi](https://iq.wiki/wiki/0xngmi)’s group.[\\[3\\]](#cite-id-em8ucfu0lxw) DefiLlama issued a public statement emphasizing that there was no LLAMA token planned and that any future token or [airdrop](https://iq.wiki/wiki/airdrop) would be discussed transparently with the community: “There is no LLAMA token currently planned, and any [airdrop](https://iq.wiki/wiki/airdrop) will be discussed with the community, as every important decision is.”[\\[4\\]](#cite-id-m9y6yjs0x2)​[\\[3\\]](#cite-id-em8ucfu0lxw)​\n\nAs of mid‑2026, DefiLlama has not launched a native protocol token, and there is no publicly announced LLAMA or DefiLlama [governance token](https://iq.wiki/wiki/governance-tokens). The project instead relies on subscription revenue, institutional data services, and related products within Llama Corp to fund operations, and has signaled that any future token decision would involve consultation with its user and contributor community.[\\[5\\]](#cite-id-etviy64m2d)​[\\[7\\]](#cite-id-h9zmxnd1xr)​","recentActivity":null,"operator":{"id":"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138"},"categories":[{"id":"organizations","title":"organizations"}],"tags":[{"id":"DataPlatform"}],"images":[{"id":"QmUvumo6jvVDLNg45YJnbB4KTgHGfW5jpNfn7dhHMwWREq","type":"image/jpeg, image/png"}],"media":[{"name":"Z1Xm-tXE11Y","id":"https://www.youtube.com/watch?v=Z1Xm-tXE11Y","size":"0","type":null,"source":"YOUTUBE"}],"linkedWikis":{"founders":["0xngmi"],"blockchains":[],"speakers":[]},"events":[{"title":"DefiLlama founded","date":"2020-10-01","type":"CREATED","description":"Launch of DefiLlama as an open-source DeFi TVL and analytics aggregator by 0xngmi, Charlie Watkins, and Ben Hauser.","link":"https://www.datawallet.com/crypto/defillama-explained","country":"Unknown","continent":"Unknown","multiDateStart":null,"multiDateEnd":null,"id":"313f8dd5-8377-48d6-b4e6-f402b89788b3"},{"title":"Internal dispute over proposed LLAMA token launch","date":"2023-03-01","type":"DEFAULT","description":"Internal conflict between DefiLlama contributors over a proposed LLAMA token and a temporary fork, later resolved with a commitment to no token without community discussion.","link":"https://decrypt.co/124083/defi-llama-drama-resolved-no-token","country":"Unknown","continent":"Unknown","multiDateStart":null,"multiDateEnd":null,"id":"bd4ba562-589a-486b-a02a-ad8fbd9c92ae"}],"founderWikis":[],"blockchainWikis":[],"metadata":[{"id":"website","value":"https://defillama.com"},{"id":"twitter_profile","value":"https://twitter.com/DefiLlama"},{"id":"medium_profile","value":"https://medium.com/@Defillama"},{"id":"words-changed","value":"58"},{"id":"percent-changed","value":"9.66"},{"id":"blocks-changed","value":"content, tags, summary, events"},{"id":"wiki-score","value":"79"},{"id":"github_profile","value":"https://github.com/DefiLlama"},{"id":"references","value":"[{\"id\":\"aljq5chhluc\",\"url\":\"https://defillama.com/about\",\"description\":\"DefiLlama About\",\"timestamp\":1684039958267},{\"id\":\"txaoxixmylm\",\"url\":\"https://coinstats.app/blog/defi-llama-review/\",\"description\":\"Coinstats\",\"timestamp\":1684040157459},{\"id\":\"em8ucfu0lxw\",\"url\":\"https://decrypt.co/124083/defi-llama-drama-resolved-no-token\",\"description\":\"Decrypt\",\"timestamp\":1684040262540},{\"id\":\"m9y6yjs0x2\",\"url\":\"https://www.theblock.co/post/221345/defillama-not-planning-token-and-apologizes-for-llama-drama\",\"description\":\"The Block\",\"timestamp\":1684040274675},{\"id\":\"etviy64m2d\",\"url\":\"https://www.datawallet.com/crypto/defillama-explained\",\"description\":\"Datawallet\",\"timestamp\":1789826569058},{\"id\":\"u4mgwc7poz\",\"url\":\"https://www.dlnews.com/articles/defi/defillama-launches-ai-tool-for-live-crypto-analysis/\",\"description\":\"DL News\",\"timestamp\":1789826569058},{\"id\":\"h9zmxnd1xr\",\"url\":\"https://leviathan.news/atlas/defillama\",\"description\":\"Leviathan News\",\"timestamp\":1789826569058},{\"id\":\"6cx7q2i7zz\",\"url\":\"https://defillama.com/research/spotlight/llamaai-llm-for-crypto-and-tradfi\",\"description\":\"DefiLlama Research\",\"timestamp\":1789826569058},{\"id\":\"9wpb7sxr4a\",\"url\":\"https://www.dlnews.com/articles/defi/defillama-launches-ai-tool-for-live-crypto-analysis-with-minimal-risk-of-hallucinations\",\"description\":\"DL News\",\"timestamp\":1789826569059},{\"id\":\"zwmbdhv3gi\",\"url\":\"https://news.chainspot.io/2026/07/31/expanded-rwa-dashboard-coverage/\",\"description\":\"Chainspot News\",\"timestamp\":1789826569059},{\"id\":\"pzcun0kf7l\",\"url\":\"https://coinfomania.com/defillama-unveils-powerful-yields-dashboard\",\"description\":\"Coinfomania\",\"timestamp\":1789826569059},{\"id\":\"cd1qjw4y5g\",\"url\":\"https://newsletter.defillama.com/p/binance-shuts-down-in-europe-where-to-trade-instead\",\"description\":\"DefiLlama Newsletter\",\"timestamp\":1789826569059}]"},{"id":"previous_cid","value":"QmU5CNz46b9MB13mM6JXVC4XhYaMEsQaXoeU5VtseH7Fhi"},{"id":"commit-message","value":"Expand DefiLlama wiki summary by 1004 words; update timeline, tags"},{"id":"previous_cid","value":"QmU5CNz46b9MB13mM6JXVC4XhYaMEsQaXoeU5VtseH7Fhi"}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138"},"views":3471}