DeFiLlama is one of the most trusted platforms for tracking decentralized finance (DeFi) data across multiple blockchains. Whether you're exploring new protocols or comparing yield opportunities, understanding how to read DeFiLlama’s charts and metrics—especially TVL (Total Value Locked)—is essential for making informed decisions.
This tutorial breaks down the basics of navigating DeFiLlama, interpreting its charts, and using its insights to explore the DeFi ecosystem with confidence.
TVL (Total Value Locked) represents the total amount of assets deposited into a DeFi protocol. It’s a key metric used to gauge:
Protocol popularity and adoption
Liquidity depth
User trust and engagement
Yield farming potential
Higher TVL often indicates a more active and trusted protocol, though it’s not the only factor to consider.
Visit DeFiLlama.com and you’ll land on the homepage dashboard. Here’s what you’ll see:
Top protocols ranked by TVL
Chain-specific breakdowns (e.g., Ethereum, Solana, Base)
Trending apps and yield opportunities
Historical TVL charts
You can filter by chain, category (e.g., lending, DEX, staking), and even stablecoin dominance.
Click on any protocol (e.g., Aave, Curve, Aerodrome) to view its TVL over time. This chart shows:
Growth trends: Is TVL increasing or declining?
User behavior: Spikes may indicate new incentives or integrations
Market sentiment: Drops may reflect withdrawals or market downturns
Explore how different blockchains are performing. For example:
Ethereum may lead in TVL, but newer chains like Base or Arbitrum may show faster growth
Compare chains to identify emerging ecosystems
Want to compare lending platforms or DEXs? Use the category filter to view TVL across similar protocols.
Use filters to narrow down by chain, category, or token
Check historical data to spot trends and cycles
Compare protocols side-by-side for better decision-making
Explore the “Yields” tab for real-time farming opportunities
DeFiLlama also offers dashboards for stablecoins, bridges, oracles, and liquid staking—each with its own set of charts and metrics.
A: Not necessarily. While high TVL suggests trust and activity, smaller protocols may offer better yields or innovation. Always consider risk and utility.
A: Yes. The DeFiLlama Wallet lets you connect your wallet and track assets across chains, including yield positions.
A: Most data is updated in real-time or hourly, depending on the protocol’s integration and blockchain speed.
A: TVL measures assets locked in a protocol. Market cap refers to the total value of a token’s circulating supply. They serve different purposes.
A: Yes. DeFiLlama is completely free and open-source, with no subscription or paywall.
Whether you're a DeFi newcomer or a seasoned investor, DeFiLlama offers the tools to explore, compare, and understand the decentralized economy. Start navigating with confidence and unlock the full potential of on-chain analytics.