Because NFTs are completely different from such as ERC-20s, DeFi Llama dedicated a new section of the dashboard to them. Much like CoinMarketCap, DeFi Llama can be an essential research tool for individuals looking to check up-to-date information and statistics about the DeFi and crypto industry.
NextThe daily volume fluctuates significantly.
This means Ethereum is likely to retain its majority market share in the coming years. DeFiLlama Unofficial client in python For detailed information about the API endpoints, see Installation: use pip to install: pip install DeFiLlama Authentication: Endpoints are accessible without an API key. Why Use A Service Like DeFi Llama? The chains mentioned above need ways to communicate with the external world because blockchain security leads to chains being isolated on their own.
NextThe chains have an advantage over Bitcoin in that they are compatible.
While Ethereum owned almost the entire market, new chains emerged and created their own ecosystems which made it hard to track their individual values. This is where DeFi Llama steps in with their aggregation dashboard. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer by defiprime or any third party service provider to buy or sell any securities or other financial instruments.
DeFi Llama filled that gap by aggregating all the data and developing new tools to keep track of them in real-time.
According to DeFi Llama, UniSwap is the most forked software in the DeFi industry with over 57% market share.
NextIn some cases, forks can have more combined TVL than the original application.
DeFi Llama Dashboard The DeFi Llama dashboard is the first thing users are presented with when they visit the website. Developers can use their API to integrate key statistics on their website and showcase the growth of the DeFi landscape. Note: TVL is not the same as.
NextOracle services allow servers and data feeds to connect to blockchains using smart contracts.
The total value of the NFT industry. What is DeFi Llama? Chainlink alone secures more than in DeFi using its decentralized oracles. The top DeFi chain is Ethereum with a 54% market share.
NextPercentage-wise, this is a decrease for Ethereum because it used to represent 95-97% of all DeFi activity until early 2021 when emerging competitors gained market share.
DeFi Llama Airdrops are token giveaways, often given out at the launch of a new crypto. DeFi Llama sources its info from two main sources, CoinGecko, and Uniswap.
NextThe homepage displays TVL rankings for decentralized applications based on the dollar value tied up on each application.
DeFi Llama Oracles are an integral component of the DeFi ecosystem.
DeFi applications tend to be open-source and the code is available for commercial use, making it easy to clone existing services.