DefiLlama Adds Market-Maker Rankings to Digital-Asset Platform
Summary
- DefiLlama said it has integrated digital-asset analytics firm Forj's market-maker leaderboard into its platform.
- The leaderboard is a system that evaluates market makers through a combined analysis of quoted spreads, market liquidity, trading volume and system uptime.
- DefiLlama said users can now compare market makers by exchange and review the performance of liquidity providers for individual tokens.
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DefiLlama, a decentralized-finance data website, has begun offering evaluation data on digital-asset market makers.
Cointelegraph reported on August 5 that DefiLlama integrated the market-maker leaderboard of digital-asset analytics firm Forj into its platform.
Forj's leaderboard evaluates market makers by analyzing quoted spreads, market liquidity, trading volume and system uptime. The rankings are based on price competitiveness, liquidity provision, stability and order-execution quality.
Forj currently operates the leaderboard using data collected from more than 500 token projects and 35 market makers. DefiLlama users can now compare market makers across exchanges and review the performance of firms that provide liquidity for individual tokens.
Ryan Selkis, DefiLlama's head of research, said the platform added new metrics beyond traditional trading-volume and liquidity indicators to assess order-execution quality and market stability.
Uk Jin
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