Trading Tools

DefiLlama

Best for documentation-led evaluation

Service page:Blocked to automated checksDocumentation:Not found at a conventional addressTerms:Not found at a conventional addressCorporate entity:Not established at this checkRubric:v2.0 · verified 9 Aug 2026

Kayla PetersonDeFi Research Analyst· Last verified August 9, 2026

Confidence CRubric v2.0Verified August 9, 2026

2.3

out of 10

Open account

Scorecard

How it rates

Counterparty & operator risk · 25%3.0

Cost transparency · 25%2.0

Product transparency · 25%2.0

Operator transparency · 15%1.0

Public documentation surface · 10%4.0

Pros

Tracked and verifiable from public sources at this check

Cons

Terms not found at a conventional public address
No documentation or FAQ found at a conventional address
Corporate entity not established from public sources

How this score was built

Each indicator scores 2, 1 or 0. A pillar is the points earned over the points available; the overall score is the weighted sum. Every source below is public — check any of them yourself.

Counterparty & operator risk · 25% weight3/10 points · 3.0/10

Partial
Service reachable at a public address
Published at a documented URL; automated retrieval blocked at this check.
defillama.com/
Not met
Terms and conditions published
Not found at a conventional address at this check.
Not met
Documentation or FAQ published
Not found at a conventional address at this check.
Partial
Operator identifiable from published material
Service published under its own domain; corporate entity not established at this check.
defillama.com/
Partial
No custody of user funds claimed in this assessment
Custody arrangements are not verifiable from the desk and are not scored.
defillama.com/

Cost transparency · 25% weight2/10 points · 2.0/10

Not met
Pricing or fee information published
Not found at a conventional address at this check.
Partial
Information readable without an account
Published at a documented URL; automated retrieval blocked at this check.
defillama.com/
Not met
Rates displayed publicly
Not available at this check.
defillama.com/
Not met
Terms describe charges
Not found at this check.
Partial
Service address published
Published at a documented URL; automated retrieval blocked at this check.
defillama.com/

Product transparency · 25% weight2/10 points · 2.0/10

Partial
Public service page
Published at a documented URL; automated retrieval blocked at this check.
defillama.com/
Not met
Documentation or FAQ
Not found.
Not met
Terms published
Not found.
Partial
Independent verification possible without an account
Automated access blocked at this check.
defillama.com/
Not met
Operator entity disclosed
Not established from public sources at this check.

Operator transparency · 15% weight1/10 points · 1.0/10

Partial
Service resolves to automated verification
Published at a documented URL; automated retrieval blocked at this check.
defillama.com/
Not met
Terms documentation published
Not found.
Not met
Support or FAQ published
Not found.
Not met
Corporate entity identifiable
Not established from public sources at this check.
Not met
Regulatory status published
Not established from public sources at this check.

Public documentation surface · 10% weight4/10 points · 4.0/10

Partial
Service reachable
Published at a documented URL; automated retrieval blocked at this check.
defillama.com/
Not met
Documentation reachable
Not found.
Not met
Terms reachable
Not found.
Partial
No account required to read the above
Automated access blocked.
defillama.com/
Met
Service published under its own domain
Confirmed.
defillama.com/

The most widely used free DeFi dataset, tracking TVL, fees, revenue and yields across thousands of protocols with an open methodology and a free API.

Our assessment

DefiLlama is the reference dataset for DeFi: total value locked, fees, revenue, yields and volumes across thousands of protocols and every significant chain. It is free, the API is free, and the adapters computing each protocol's figures are open source.

Open methodology is why people trust it

Every other data provider asks you to accept its numbers. DefiLlama publishes the code that produces them, so when a TVL figure looks wrong you can read the adapter and see exactly what is being counted. Disagreements become specific and fixable rather than a matter of which vendor you believe.

Know what TVL does and does not mean

TVL is the market value of assets in a contract. It rises when prices rise without a single new deposit, double-counts assets deposited into one protocol and rehypothecated into another, and can be inflated by a protocol depositing its own token. It is a useful comparative measure and a poor absolute one — and this is exactly why we use it for selection rather than for scoring.

Free, and structurally important because of it

Because it costs nothing, DefiLlama is what almost everyone actually uses — which makes its methodology the industry's de facto standard. Our documentation check found fourteen indicators with nothing at conventional addresses and ten returning automated blocks; the score reflects that surface, not the data quality.

Who it suits

DefiLlama fits anyone comparing protocols, chains or yields, and it is the first tool to open for almost any DeFi question. Wallet-level attribution and market structure need different tools — Nansen, Arkham, Glassnode.

Reference

Frequently asked

Does this score mean DefiLlama is trustworthy?

No. It measures what is published and reachable before use: the service, its terms and its documentation. Custody, routing and corporate structure are not tested by us.

Why do all providers score zero on corporate entity?

Because this class of service rarely publishes it. The indicator is identical for every provider in the category, so the comparison stays fair.

Are rates or spreads compared here?

No. Verifying quoted rates requires live transactions, which we do not perform. The rubric covers disclosure, not execution.