{"id":10362,"date":"2024-04-27T18:19:22","date_gmt":"2024-04-27T10:19:22","guid":{"rendered":"https:\/\/monsterblockhk.com\/?p=10362"},"modified":"2026-05-04T08:22:25","modified_gmt":"2026-05-04T00:22:25","slug":"defillama-tool","status":"publish","type":"post","link":"https:\/\/monsterblockhk.com\/en\/defillama-tool\/","title":{"rendered":"DefiLlama: A must-know feature for newcomers to cryptocurrency!"},"content":{"rendered":"
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2024 Recommendations<\/span><\/font>DefiLlama Teach-In for Linked Data Platforms<\/span><\/font><\/h1>\t\t\t\t<\/div>\n\t\t\t\t
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As DeFi becomes more and more popular, more investors and cryptocurrency community members are becoming heavily involved in the circuit, and as an on-chain data platform, the<\/b><\/span><\/span>DeFiLlama can be considered as one of the must learn tools for newbies and OGs alike, as it allows users to identify potential projects in addition to getting a quick overview of the current cryptocurrency market.<\/b><\/span><\/span><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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DefiLlama Introduction<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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DefiLlama is an on-chain data platform that tracks DeFi data, providing data from more than 150 blockchains and over 2,000 DeFi protocols, and<\/span><\/span>The data are open, transparent and secure. The data on the platform include total locked positions, changes in locked positions, various aggregators, protocol items about to be airdropped, newly uploaded protocols, and so on.<\/span><\/p>

DefiLlama is also categorized according to different public chains and protocols to help users filter quickly. Moreover, DefiLlama is completely free, which is very suitable for newbies who are just stepping into the cryptocurrency circle but don't want to spend too much cost.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Newbie Concepts<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Total Value Locked (TVL) is the full name of the protocol, which is usually used to evaluate whether the project is good or not. The more people use the project, the higher the TVL will be, because the general TVL is mainly made up of a combination of funds such as pledges, loans, and liquidity mining, etc. Therefore, the higher the TVL is, the more popular the DeFi protocol is, because investors are willing to deposit crypto assets into the chain or project. The higher TVL means the more popular the DeFi agreement is, as investors are willing to deposit crypto assets in the chain or project, reflecting the security, user trust and activity level of a project.<\/span><\/span><\/p>

Mcap\/TVL is the market value of tokens\/total locked position, which is used to measure the relative value of DeFi projects. If the project has issued tokens, users can use this indicator as one of the reference factors for investment, and the concept is somewhat similar to the P\/B Ratio in traditional finance, where the lower the value means that the tokens of the agreement are cheaper, and the higher the chance of potential upward mobility.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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DeFiLlama Newbie Features<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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One,<\/b><\/span><\/span>Uncoined items, Airdrop information<\/b><\/span><\/span><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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On the left menu, DeFi > Airdrops, you can find items that have not yet been coined and may have a chance of being airdropped.<\/span><\/span><\/p>

How do I find a program with a higher chance of coining?
<\/b>According to \"Total Money Raised\", the larger the amount of money raised, the higher the chance of coins being issued as it means that there are venture capital organizations investing behind it. At the same time, by utilizing the online time with TVL upper and lower limits, it will be easier to identify projects with higher potentials, and to be the first early participant to get airdrops.<\/span><\/span><\/p>

Know of a current uncurrencyized project on Layer 2 that has potential?
<\/b>\ud83d\udc49\ud83c\udffb Select \"Filter by Chain\" on the right.
\ud83d\udc49\ud83c\udffb Right \"TVL Range\" setting range<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Two,<\/b><\/span><\/span>Find an Alpha Project<\/b><\/span><\/span><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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Coiners are busy, and sometimes they really miss a hot spot. When you see an unused or new chain online or in a coin community, you wonder what potential DeFi deal you want that chain to have, especially if you're going to ambush an airdrop, how are you going to get started?<\/span><\/span><\/p>

On the left menu DeFi > Top Protocal, you can view the largest protocols of each category on a given chain!<\/b><\/span><\/span><\/p>

DefiLlama has a cool feature that automatically marks major events on the TVL chart so that users can understand the main reasons for the rise and fall of TVL, kind of like the FTX event back in the day.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Three,<\/b><\/span><\/span>Don't be afraid to link to fake phishing sites<\/b><\/span><\/span><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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If you have followed Step 2, you can see the agreement information further down, and you can find the official website and Twitter, but I still recommend that you check the website again after entering the website, so that you can have double protection.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Four,<\/b><\/span><\/span>DefiLlama Swap aggregator<\/b><\/span><\/span><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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There is also a Swap function on the platform, where the system automatically filters out the best quote with the lowest Gas Fee.<\/span><\/span><\/p>

Click DefiLlama Swap on the left menu and you're there.<\/span><\/span><\/p>

It's just like any other on-chain aggregator, but you can buy and sell coins along the way after DefiLlama analyzes the project, which is also more convenient. DeFiLlama doesn't charge any extra fees, just the DEX transaction fee.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Five,<\/b><\/span><\/span>Comparison of agreement items in different chains<\/b><\/span><\/span><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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On the left side, click DeFi > Comparison, the interface is very simple, on the right side, \"Selected Protocols\" to select the items you want to compare.<\/span><\/span><\/p>

As mobile betting tracks are so hot these days, I chose Lido and Frax Ether for comparison. Although their TVLs are in fact very different, it's good to know that we have to use the same track for comparison.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Six,<\/b><\/span><\/span>Find out what's new<\/b><\/span><\/span><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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On the left menu, click DeFi > Overview to summarize the latest uploads:
<\/b>You can use TVL and uptime to filter and find protocol items that have a rapid rise in TVL locks, and secondly you can analyze the token price trend to see if there is any real heat.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Seven,<\/b><\/span><\/span>View Centralized Exchange CEX Reserve<\/b><\/span><\/span><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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On the left menu CEX Transparency: you can view the net assets and cash flows of the major centralized exchanges, which is useful for analyzing the security of an exchange, as an exchange that is accountable to its users should have funds on it that are proportional to the funds deposited by the users.<\/span><\/span><\/p>

Inflows indicate the inflow and outflow of funds on an exchange. If you observe too much outflow on an exchange, it means that a lot of users have withdrawn their crypto assets from the exchange, so if you have funds on that exchange, you'd better pay attention to whether there is any negative news on that exchange at the same time, such as user crowding, hacking attacks, etc.<\/span>
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Disclaimer<\/b><\/span><\/font><\/p>\n

The content of this article is for reference only, investors should exercise independent judgment, invest prudently and at their own risk, this article does not provide or attempt to persuade the audience to do trading or investment basis, the content is for sharing purposes only, and should not be regarded as investment advice.<\/span><\/font>It does not represent the views and position of Monsterblockhk.<\/span>All information and opinions are current as of the date of the judgment. In addition, if a judgment is rendered on a<\/span><\/font>In this site<\/span>Any content related to virtual asset trading platforms that have not yet obtained a license to operate virtual asset trading platforms in Hong Kong, including but not limited to text introductions, pictures, offers, events, etc., are only available to users outside the Hong Kong Special Administrative Region.<\/span><\/p>\n

According to the Hong Kong Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022, after June 1, 2023, all centralized virtual asset trading platforms operating in Hong Kong or actively promoting their services to Hong Kong investors will be licensed and regulated by the SFC, and any related unlicensed activities will be a criminal offence. For more information and details of the legislation, users may refer to the SFC website.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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2024 \u63a8\u85a6\uff5cDefiLlama \u93c8\u4e0a\u6578\u64da\u5e73\u53f0\u6559\u5b78 \u96a8\u8457 DeFi \u8d8a\u4f86\u8d8a\u591a\u4eba\u4f7f\u7528\uff0c\u8d8a\u4f86\u8d8a\u591a\u6295\u8cc7\u8005\u548c\u5e63\u5708\u4eba\u958b […]<\/p>\n","protected":false},"author":3,"featured_media":10366,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"off","ocean_gallery_id":[],"footnotes":""},"categories":[58,32],"tags":[],"class_list":["post-10362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tutorials","category-new-articles","entry","has-media"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t