Exploring the World of DeFi Data: In-depth Analysis of DeFilama's Functions and Applications

DeFilama, as a powerful data aggregation platform, provides a wealth of data resources for Decentralized Finance enthusiasts and researchers. This article will comprehensively introduce the core features of DeFilama and explore how to utilize this data to uncover potential investment opportunities.

Decentralized Finance Overview

DeFilama provides an overview of the entire Decentralized Finance ecosystem, including:

• Total Locked Value ( TVL )
• List of protocols ranked by TVL
• Ranking classified by public chain

It is worth noting that Lido became the number one in TVL after the ETH merge, with 99.2% of its TVL coming from ETH.

Public Chain Data

DeFilama displays the data of each public chain according to the following dimensions:

• TVL Ranking
• Number of protocols
• Change amount
• Stablecoin quantity

Users can view by classification such as EVM, non-EVM, Rollup, Cosmos, Parachain, etc. Paying attention to the TVL changes over 7 days and 1 month may reveal new projects being launched. The number of stablecoins, as a Decentralized Finance infrastructure, also reflects the development level of the public chain ecosystem.

Unlaunched Token Projects

DeFilama includes DeFi projects with tokens that have not yet been issued, sorted by fundraising time. This can serve as a reference for finding potential opportunities, but it should be considered in conjunction with the project's launch time.

Protocol Treasury

It shows the scale and composition of the funds of each protocol. Notably:

• Sufficient funds do not necessarily equal rapid development.
• A high proportion of its own token may lead to low liquidity or the DAO becoming the largest selling pressure.
• Non-stablecoin assets may pose risks to the fund pool.

Oracle Data

Sort various oracle services by total value locked ( TVS ). Chainlink is undoubtedly the industry leader, but this metric does not fully reflect the actual usage frequency of the oracles.

Protocol Fork Status

It shows the most replicated protocols. The ones that are frequently forked are often industry leaders, worth studying in depth. At the same time, developers can also discover new opportunities from this.

Leaders in the DeFi Field of Various Public Chains

Lists the leading projects in different DeFi segments of various public chains, covering:

• Liquid Staking
• CDP
• DEX
• Lending
• Yield Aggregation
• Cross-Chain Bridge
• Service category
• Algorithmic Stablecoin

Observations indicate that the leading public chain ecosystems are developing through multi-chain strategies, while the leaders of smaller/emerging ecosystems are also seeking larger markets through multi-chain approaches. At the same time, the missing services in certain public chain ecosystems may become new opportunities.

Protocol Comparison

Supports selecting multiple protocols to compare TVL changes on the timeline. This is particularly useful for analyzing projects in the same track. In the future, it would be more valuable if the comparison parameters could be expanded to include revenue, number of users, fully diluted valuation, etc.

Token Usage

You can query the usage of specific tokens in the Decentralized Finance ecosystem. It should be noted that the data comes from on-chain sources and only includes projects listed by DeFilama, which may not be comprehensive.

Decentralized Finance 项目分类

DeFilama categorizes DeFi projects into 31 categories. Among them, a few areas with fewer projects are worth noting:

• Privacy
• Oracle
• Leverage Farm
• Unsecured Lending
• Exotic Options
• Real Asset Lending

These fields may contain potential opportunities.

New Listed Projects

Show the projects recently included by DeFilama. However, please note that "recently" refers to the inclusion time rather than the actual launch time of the project, which may have a delay.

Programming Language Distribution

It shows the proportion of different programming languages in DeFi projects, as well as the usage of languages ranked by TVL. Additionally, there is the ratio of open source/non-open source protocols in the Solana ecosystem. For more detailed developer data, you can refer to the report by Electric Capital.

Yield Pool Data

DeFilama has recorded 5,327 pools across 275 protocols on 59 chains, sorted by TVL. In addition to BTC, ETH, and stablecoins, the top rankings also include GLP and GMX tokens from GMX.

Delta Neutral Strategy

Users can choose to pledge tokens, and the system will automatically match the corresponding strategy. The strategy yield is the sum of the yields of each component. Currently, there are relatively few tracked pools, for reference only.

Long and Short Strategies

Given a token, the system will display delta-neutral long and short strategies across all tracked mining pools and centralized exchange perpetual contract markets. When calculating annualized returns, the funding rates of centralized exchanges and DeFi yields will be taken into account. The currently partnered centralized platform is OKX, while decentralized platforms include Venus, Ankr, WOOFi, and others.

Leverage Lending

Display the circular APY, supply APY, LTV, and current borrowing situation data of different leveraged lending projects. Currently, 158 pools from 291 protocols on 23 chains have been recorded. Compared to other chains, the number of projects on the BNB chain is larger, and the circular APY is generally higher.

Lending Data

Ranked based on the yields, LTV, supply and usage of lending projects, etc. Currently, there are 777 liquidity pools across 291 protocols on 23 blockchains.

Earnings Overview

Provides the median APY and distribution of a single currency, and allows viewing the APY of a specific currency in particular project pools. The visualization panel is very suitable for staking data analysis reports.

Stablecoin Pool

A total of 422 stablecoin pools from 275 protocols across 59 blockchains have been included. You can view the TVL, base APY, reward APY, and 30-day average APY for each pool. It is worth noting that high APY is usually subsidized by project token rewards. In addition to Ethereum, some Layer 2 networks have also started to see noteworthy stablecoin pools.

Halal Pool

Track 5,273 "halal" pools across 36 protocols on 59 chains, mainly including simple exchange DEX, single yield farming, liquidity staking, and cross-chain LP, etc. Here, "halal" can be understood as relatively simple and safe pools.

Trading Aggregator

The trading function of DeFilama provides users with the best trading path by aggregating multiple aggregators. It calculates the transaction results and various fee costs, and users can also customize the slippage. Some aggregators offer discounts, and if you don't mind the hassle, you can select the routing here first and then check the corresponding platform to see if you can get additional discounts.

Lending Aggregator

After the user inputs collateral and the loan token, the system will check all lending protocols, calculate the cost of each borrowing method considering incentives, supply APR, and borrowing APR, and list all possible lending paths, costs, and LTV.

Transparency of Centralized Exchanges

It shows the inflow, outflow, and net asset data of major centralized exchanges. It is worth noting that OKX has been in a net inflow of ($241.63M) over the past month, while Binance is in a net outflow state, having seen an outflow of $2.07B. Currently, the top 5 net outflows have not all flowed into the top 10 net inflow exchanges, and it is possible that over $1.5 billion of assets have been transferred on-chain. It is recommended to pay attention to exchanges with net inflows during the bear market, as there may be investment opportunities.

Liquidation Data

You can view the total liquidation amounts of different protocols on each chain, as well as the liquidation situation when the market drops by 20%. You can also see the liquidation prices of the top 100 largest positions. For example, the highest liquidation price among the top 10 positions is (ETH/USD) at $1,088.017, while the 12th and 15th are around $1,290, and the 18th is as high as $1,547.

Trading Volume Data

Provides daily/weekly/monthly trading volume rankings for DEX, as well as trading volume rankings segmented by chain, changes, TVL, market share, and cumulative trading volume. Additionally, there is related data on options trading volume, but there may be some imperfections. Currently, in the options market being tracked, Lyra accounts for over 56% of the trading volume, holding an absolute leading position.

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