DefiLlama: Understanding the New Era of DeFi

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This new platform is revolutionizing the scene of decentralized finance (DeFi). It is the largest analytics website supplying information about multi-chain defi projects.

The rise of DeFi seeks to create an open-source, permissionless, and transparent financial service ecosystem. Here, DefiLlama comes into play as an essential component for bringing data charting and analytics.

DefiLlama collects data from website various DeFi platforms and presents it in an easy-to-use and comprehend format. The goal is to provide users with precise and up-to-date data, enabling them to make well-informed decisions.

Uniquely, DefiLlama offers a multi-chain view of the DeFi landscape - from Avalanche to Ethereum, from copyright Smart Chain to Polygon. It assists in exhibiting a comprehensive picture of market value locked (TVL) in different chains and projects.

DeFi experts consider DefiLlama a reliable source for news. The platform's commitment to transparency is clear in its open-source methodology, which nullifies the possibility of data manipulation.

Moreover, DefiLlama also extends services to experts, such as browsing through different filters like platform, chain, and category. Besides, one can dial down into specific project details to obtain a detailed insight.

An extraordinary functionality about DefiLlama is its ability to provide a TVL calculation for each project. This calculation gives detailed insights into the condition of wealth of a particular project, hence assisting stakeholders in making informed decisions.

To sum up, DefiLlama has surfaced as a crucial tool in the rapidly expanding DeFi landscape. Its intensive analytics and simplified user interface make it a go-to platform for newbies and experts alike. It goes on to transform the DeFi analytics space with its innovative features, setting the benchmark for approaching DeFi platforms.

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