š¶ What is DefiLlama?
šø DefiLlama is a comprehensive on-chain data aggregation website for various DeFi projects. It includes data such as Total Value Locked (TVL), transaction volume, transaction fees, etc. DefiLlama aggregates data from over 20 different blockchains, including Ethereum, Binance Smart Chain, Solana, Avalanche, and more.
š¶ Pros and Cons of DefiLlama
šø Pros:
šø Cons:
š¶ Using DefiLlama to Research DeFi Projects
DefiLlama can be utilized for DeFi project research through the following steps:
Example:
To research the MakerDAO project:
š¶ Frequently Asked Questions
Can DefiLlama replace in-depth DeFi project research?
šø DefiLlama is a useful tool for DeFi project research, but it cannot entirely replace in-depth research. Reading whitepapers, analyzing the development team, etc., is still essential before investing in any DeFi project.
Is DefiLlama safe to use?
šø DefiLlama is a secure website. However, users should exercise caution when entering personal information.
How to update DefiLlama data?
šø DefiLlama data is updated automatically every hour. Users can check the platform to ensure they have the latest data.
š¶ Conclusion
DefiLlama proves to be a valuable tool for researching DeFi projects. By using DefiLlama, users can gain an overview of the DeFi market and explore potential DeFi projects. Always remember to combine on-chain data analysis with thorough project research for informed decision-making. š