DefiLlama: a blockchain and crypto protocol analysis tool
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DefiLlama is one of the most interesting tools for analysing blockchain and cryptos in the decentralised finance sector. Let’s take a closer look at how it works and what are the most important data to observe in the platform. What is DefiLlama and why is it useful for crypto analysis? DefiLlama is a cryptocurrency and blockchain analysis tool that is particularly useful for finding data related to the world of decentralised finance, also known as DeFi. Very often, when analysing a token or a project in general, it is not enough to make assessments on price action or fundamentals to
PayPal’s dollar stablecoin, PYUSD, has ballooned into a major market presence in a matter of months, jumping from roughly $1.2 billion in market capitalization last September to about $3.8 billion today, according to analytics provider DefiLlama. The platform’s tweet calling attention to the jump included a chart of PYUSD’s circulating…
DefiLlama has announced the commencement of tracking Atmos Protocol’s Hybrid Hyper AMM, which has debuted on the Supra Labs chain. This denotes a bullish development for the expansion of the decentralized finance (DeFi) network. As DefiLlama mentioned in its official announcement on X, the integration suggests the use of the…