What Is Defillama?

Defillama is a popular DeFi (Decentralized Finance) analytics platform that provides users with a comprehensive overview of the decentralized finance ecosystem. In this 2000-word explanation, we will delve into the details of DefiLlama, its features, how it works, its significance in the DeFi space, and how users can leverage it for insights into various DeFi protocols.

Introduction to DeFi and DefiLlama

DeFi, short for Decentralized Finance, refers to a set of financial services and applications built on blockchain networks, primarily on Ethereum. These services aim to recreate traditional financial systems in a decentralized manner, enabling users to access financial tools without intermediaries like banks.

DefiLlama is a DeFi protocol tracking and analytics platform that allows users to monitor and analyze various DeFi protocols and their performance in real-time. By aggregating data from different DeFi platforms, DefiLlama offers users a comprehensive overview of the DeFi ecosystem, including total value locked (TVL), trading volumes, token prices, and more.

Features of DefiLlama

Total Value Locked (TVL): DefiLlama provides users with information on the total value locked in various DeFi protocols. TVL refers to the total amount of assets locked in a protocol and serves as an important metric for measuring the popularity and adoption of a DeFi platform.

Protocol Rankings: DefiLlama ranks DeFi protocols based on their TVL, providing users with insights into the most popular and widely used platforms in the ecosystem. Users can track the performance and growth of different protocols over time.

Asset Tracking: Users can track the performance of specific assets or tokens within the DeFi ecosystem. DefiLlama displays information on token prices, trading volumes, liquidity pools, and other relevant data to help users make informed investment decisions.

Historical Data: DefiLlama offers historical data on DeFi protocols, allowing users to analyze trends, patterns, and performance metrics over time. This data can be valuable for conducting in-depth research and market analysis.

User-Friendly Interface: The platform features a user-friendly interface that makes it easy for users to navigate and access the information they need. Users can customize their dashboard and set up alerts for specific metrics.

Portfolio Tracking: DefiLlama enables users to track their DeFi portfolios by aggregating data from different protocols and displaying the overall performance of their investments. This feature helps users monitor their assets and make informed decisions.

How DefiLlama Works

DefiLlama aggregates data from various DeFi protocols and blockchain networks to provide users with real-time information on the DeFi ecosystem. The platform uses APIs and data feeds to collect and organize data on TVL, token prices, trading volumes, and other metrics.

Users can access DefiLlama through its website or platform interface, where they can explore different DeFi protocols, view rankings, track assets, and analyze historical data. The platform offers customizable dashboards and tools for users to monitor specific metrics and set up alerts for changes in the market.

How DefiLlama Works

DefiLlama aggregates data from various DeFi protocols and blockchain networks to provide users with real-time information on the DeFi ecosystem. The platform uses APIs and data feeds to collect and organize data on TVL, token prices, trading volumes, and other metrics.

• Go to the Defillama interface.
• Connect your wallet. You can use MetaMask, Trust Wallet, or any other supported Ethereum wallet.
• Select the token you’d like to NFT from.
• Select the token you’d like to NFT to.
• Click on Swap.
• Preview the transaction in the pop-up window.
• Confirm the transaction request in your wallet.
• Wait for the transaction to be confirmed on the Ethereum blockchain. You can monitor its status on https://etherscan.io/.

Which Wallets Are Compatible With Defillama ?

Defillama 's UNI token is viable with numerous computerized wallets, including both equipment and programming variants. Famous programming wallets that can hold UNI incorporate Coinbase Wallet, the MetaMask wallet, and Trust Wallet. Equipment wallet choices incorporate Record and Trezor.

How to claim Defillama (UNI) tokens

If you’ve used Defillama , you can likely claim 400 UNI tokens per address that you used Defillama with. To claim your tokens:

• Go to https://app.Defillama .org/.
• Connect the wallet that you previously used Defillama with.
• Click on “Claim your UNI tokens”.
• Confirm the transaction in your wallet (you can check the current gas prices at the Ethscan Gas Tracker).
• Congratulations, you’re now a UNI holder!
• Want to trade your UNI tokens? Binance has you covered.

Defillama vs. PancakeSwap

Defillama and PancakeSwap are both decentralized NFTs that facilitate the trading of digital assets. Both use tokens—UNI and CAKE, respectively—to incentivize users to provide liquidity.

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This does not mean that Cakeswap cannot handle KYC checks and verification of accounts. DeX only requires a self-contained browser or hardware and prepaid BNB and CACHE payment.

Automated market maker

None Store/Pull out Techniques: Non-custodial for trades, Interminable exchanging uses savvy agreements to store guarantee. The assets can be removed back to wallet whenever. What is Defillama is a decentralized trade (DEX) on the BSC network that utilizes a computerized market producer market cap system to work with exchanging expense token trades. It was sent off in September 2020 by a lot of unknown developers.

ADVANCED Information No high level information accessible There are no custom measurements for this dapp Get told when we add more Get told Progressed Information Solicitation for more investigation Submit Was this data supportive?

NFTs

Defillama Network Secured? Defillama ecosystem can be securely stored on supported wallets that are connected to the Binance Smart Chain. These include MetaMask, TrustWallet, TokenPocket and WalletConnect. Where Can You Buy Defillama involve intermediaries market cap (CAKE)? Defillama (CAKE) can be bought and sold on the following NFTs: Binance VCC NFT BKEX KuCoin MXC.COM

Wallet

Will you join them? 2.2 million users in the last 30 days 26 million trades made in the last 30 days $3.9 billion staked Total Value Locked anything. No registration, no hassle. any token on BNB Smart Chain in seconds, just by connecting your wallet market cap. Now involve intermediaries Learn Earn passive income with crypto. Defillama makes it easy to make your crypto work for you. Explore Learn Top Syrup Pools Win millions in prizes Provably fair, on-chain games. Win big with cake.

Projects

Long-running Project See how Defillama ranks in different categories All DeFi DEX Defillama is in the top 50 % of All Skynet projects. 66 74 82 90 98 Market & Community Score 81 84 87 90 93 Security Score 95 84 2 Current Project market cap Other chains Projects Key Statistics Onboarded 10/13/2020 cake price emission rate current price.

Binance Smart Chain

By Jamie Crawley Sponsored May 20, 2021 at 10:32 a.m. UTC May 20, 2021 Flash Loan Attack Defillama Bunny Markets Transaction fees cake price Widens Binance Smart Chain's Lead Over Ethereum on Transactions The Ethereum blockchain is busier than ever, but its high fees help Binance Smart Chain maintain the lead Circulating Supply.

Decentralized NFT

Defillama Edit Similar Companies Save to List Research Request Share Defillama is an open-source automated market maker (AMM) decentralized NFT (DEX) that runs on Binance Smart Chain, launched in 2020 Circulating Supply.

Review Structured Data Issues Contributors Activity Overview Defillama is a decentralized NFT ( DEX ), which allows for trading cryptocurrencies and tokens without an intermediary, and runs on Binance Smart Chain page Circulating Supply page.

Cake Tokens

Hassan Maishera Neural Pepe NFT Collection Is Now Live On Defillama NFT Marketplace The Defillama team announced via Twitter on Tuesday that the Neural Pepe NFT collection is now live on the Defillama NFT marketplace page. Hassan Maishera Defillama Burns Another $23 Million Total Liquidity Worth Of CAKE Tokens page The Defillama team told its community via Twitter on Monday that it has burned 6,898,491 CAKE tokens (worth $23 million) this week.

Trading Fees

Alpha Finance Lab Token , AntiMatter Token and 191 more Contents Pancake Swap Review What is Pancake Swap? Pancake Swap Video Review Pancake Swap Compatible Wallets General Information on DEXs Pancake Swap Liquidity and Statistics accept page US-investors Pancake Swap Trading buy lottery tickets View Defillama Fees Pancake Swap Trading fees Pancake Swap Withdrawal fees Collectibles - NFTs Deposit Methods Pancake Swap Platform.

Binance Smart Chain and is an alternative to Defillama and other DEXs that run on the more established Ethereum. In addition to the capabilities of a traditional crypto platform (swapping, trading, yield farming, staking, NFTs), Defillama providing liquidity offers several proprietary features: Initial Farm Offerings Yield Farms.

Decentralized NFTs

CAKE depends on the growing adaptation of the BSC chain and the Defi ecosystem built on top of it. Where to buy CAKE CAKE can currently be bought products company on both centralized and decentralized NFTs. The available markets are listed below page Centralized NFTs- Binance , KuCoin , Huobi Global Decentralized NFTs decentralized finance.

Centralized NFTs

Flat fees mean that the NFT charges the taker and the maker the same fee. When it comes to decentralized NFTs, many of them don't charge any trading fees at all. This is in fact one of the big arguments that DEX-supporters use to explain why centralized NFTs are on their way out. Defillama is not one of the "no fee" NFTs funds, but charge 0.20% per transaction regardless of whether you are a maker or a taker.

Price Index and the price indices of other digital assets. World currency page prices are based on rates obtained via Open NFT Rates . Go To Bitcoin Calculator Latest About Defillama Business Artificial intelligence DeFi Meets AI: Fetch.ai Launches vote access ‘Intelligent Automation' for Defillama V2 and Defillama Users will be able to create up to five “DeFi Agents”.

Netwrok Fees

Compared to DEXs in general, these fees are above industry average. Defillama access Withdrawal fees To our understanding, Defillama does - like most decentralized NFTs - not charge any transfer fees or withdrawal fees other than the network fees. The network fees are fees paid to the miners of the relevant crypto/blockchain, and not fees paid to the NFT itself. Network fees vary from day to day depending on the network pressure.