LeoFinance - Finding the Best DeFi Pools/Stakes?

Since I had such a warm reception for my post on finding an edge in crypto trading I decided to do another post reviewing a tool I use for searching DeFi protocols. Without further ado enjoy!

Central Place Listing Most Defi Protocols?

Like any source of data it would work best when they are found in one location. In my journey through DeFi I found a site that encompasses some of the top blockchains and their associated liquidity pools, yield farms, and staking pools. In addition multiple of other products DeFi can offer there are categories on the site for us to search for. All in all the site is free and no sign up necessary.

https://defillama.com/

Major Blockchains Total Locked Value in DeFi Protocols

DefiLlama has an overall chart at its front page on total locked value of all assets from top blockchains such as ETH, Terra, BSC, Avalanche, Solana,Tron, Fantom, Polygon and many others.

A very useful tool on sentiment is to see how much liquidity is locked up in the entire DeFi space or more specific in each blockchain.

Here is an example of today's Ethereum blockchain total value locked:

Base on the chart above currently Ethereum controls about 60% of all locked funds in the DeFi space. Notice though that since October up until now in December the total value locked remain mostly flat. This actually relates to the price of ETH.

From September to December ETH price has remained mostly range bound.

Then lets look at another example but a growing blockchain in Terra.

Notice chart above the Terra network has total value locked exponentially up just in December. So what is the price of its native token LUNA done since?

LUNA has been appreciating in price as the Terra blockchain is having more tokens locked on its platform. This all makes logical sense when it comes to investing. ETH is near $4,000 because there is a lot of tokens locked into the Ethereum blockchains' protocols. This means the value of the blockchain is increases with the value that it locks. The Terra blockchain confirms this as over time it has increased its total value locked making the blockchain itself more valuable in turn native token LUNA price appreciation.

Just to finish off quickly on the topic of total locked value DefiLlama also lists the top protocols with the most locked value either overall or per blockchain. Snapshot above is specific to the Terra blockchain where Anchor has over $7.5 billion locked or 50% of all of the entire Terra blockchain locked value. This is helpful to identify where people using the blockchain is storing most of their money.

All Kinds of Defi Protocols Top Charts

DefiLlama also have a breakdown of different protocols top charts on what those lock ups are. The one I go to everyday to find the best percentage for liquidity pools is "Yield".

If you always go to a specific platform such as Yearn or Beefy Finance but you may not know that there is now also Crypto.com's Cronos Blockchain has currently the most value locked up on its Protocol call Convex Finance. With DefiLlama you can get that info by looking at the daily top chart. This is where I learned about Chronos blockchain and how it has multiple high %APR yields in its liquidity pools.

Searching for most active protocols and up and coming due to % change in activities it is great to find through DefiLlama. The website has now started a NFT link for top charts in NFTs too! For other types of Defi they have Decentralize Exchanges, Lending, Airdrops, Options, Staking and many more.

Conclusions

DefiLlama has a great chart showing the overall blockchains total value locked and it is clear how active Ethereum has been. This make sense for the native token ETH's high market cap. Surprisingly coming in second is Terra where value lock is a distant second but with only 13 active protocols compare to Ethereum's 361 one must believe there is a lot more potential growth ahead for Terra and price appreciation for its native token LUNA.

None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!