What Is DefiLlama: A DeFi Analytics Essential
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Since 2020, decentralized finance (DeFi) has been one of the fastest-growing segments of the financial sector. The idea is that bypassing a traditional bank or other financial middlemen makes it easier for everyone to access the money that they need at any given time. Furthermore, removing traditional financial institutions from the picture can provide greater transparency and reduce the cost of obtaining a loan or engaging in other transactions.
Key Takeaways:
DefiLlama is a data analytic platform that allows you to get information about hundreds of digital coins and tokens in one place.
The information is open source, which means that it’s free to view for anyone who has an internet connection.
This service is available free of advertising or other sponsorships, which provides a greater level of transparency.