Defi Llama is one of the most powerful tools in a cryptocurrency investor's arsenal. For thousands of cryptocurrency protocols, it tracks critical data points like deposits, fees, revenue, and transaction volume. Whether you're a seasoned DeFi user or new to the space, Defi Llama helps you perform fundamental analysis on various DeFi protocols, providing essential insights into how these platforms perform.
Defi Llama is an essential tool for anyone serious about DeFi. It provides a comprehensive dashboard that tracks thousands of cryptocurrency protocols built on blockchains. These protocols perform various functions, such as borrowing, lending, liquid staking, and decentralized exchanges.
One of the first critical metrics displayed by Defi Llama is Total Value Locked (TVL). TVL on Defi Llama shows how much is deposited into a given protocol. It represents the total capital held within a protocol's smart contracts, whether for lending, staking, or other DeFi services.
Another significant feature that Defi Llama tracks is Fees and Revenue. Fees reflect how much users spend to utilize a particular protocol. At the same time, revenue indicates how much of these fees go to token holders or the protocol's treasury. Defi Llama makes differentiating costs and revenue easy, helping investors assess which protocols are likely to offer sustainable returns.
When you click into a specific protocol on Defi Llama, you get detailed analytics about its performance. Defi Llama displays charts that let you overlay price, TVL, fees, and revenue metrics, helping you understand how different aspects of the protocol correlate with one another.
In addition to tracking individual protocols, Defi Llama also offers a Chains section that gives an overview of entire blockchains. This is especially useful for analyzing the health and activity of blockchains like Ethereum, Binance Smart Chain, or Arbitrum.
Defi Llama is one of the most powerful tools available for anyone looking to perform fundamental analysis in the cryptocurrency space. By tracking TVL, fees, revenue, and many other metrics, Defi Llama allows you to get a comprehensive view of the performance and growth of thousands of DeFi protocols.
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