The post Is DefiLlama an Accurate Blockchain Analysis Dashboard?  appeared on BitcoinEthereumNews.com.

A crypto data website that takes all the publicly available blockchain data and breaks it down into easy-to-read charts, graphs, and tables that any user can read and understand is DefiLlama. The website is free and open-source. The leading site of DefiLlama does not require users to either sign up or connect to a crypto wallet. It is the largest DeFi data aggregator. Moreover, it is an analytics dashboard for everything in decentralized finance that tracks value-locked (TVL) for projects like Ethereum, lending protocols, yield farming, staking pools, and various DEX. It has proved to be one of the most accurate DeFi market data providers and research tools that individuals require up-to-date real-time data without paying for it. The DefiLlama platform also tracks information across major chains, such as Terra, Avalanche, and Cardano. The DefiLlama platform was established in October 2020. The developers of this platform found the need for a centralized platform that can offer users a complete overview of the DeFi ecosystem. Oxngmi is an anonymous contributor to DefiLlama development. In 2023, an identical site, “llama.fi” came into existence. Afterward, the leadership of the DefiLlama came under dispute. This site has now been redirected to the main DeFiLlama site. Additionally, a team member was reportedly found attempting to launch a LLAMA token without full leadership backing. Tendeeno, a team member, has confirmed OxLlam4 as the original creator, and Oxngmin is the legal majority owner. He has also been considered responsible for developing the project since his joining. Other founding team members include Charlie Watkins and Ben Hauser. Source: Tendeeno X account Explaining the working of DefiLlama The main role of the DefiLlama platform is to aggregate data from various blockchains to provide users with the most up-to-date and real-time DeFi market insight. On the official DefiLlama website, users…

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Filed under: News - @ February 17, 2024 3:16 pm