Create Your Own DeFi TVL Aggregator Like DefiLlama To Add Protocols

Decentralized finance (DeFi) is the eminent financial system that uses blockchain technology, allowing P2P transactions. The ultimate motive of DeFi is to minimize the requirement for intermediaries such as brokers or banks. By 2025, the DeFi market revenue is anticipated to reach $376.9 Mn and is expected to witness an annual growth of $376.9 Mn. Moreover, the total no. of users in the DeFi market is estimated to reach 53.56 Mn by 2025. (Source)

One of the most popular use cases of DeFi is decentralized exchanges, enabling direct interactions between users in a completely trustless environment. Another excellent use case of DeFi is DeFiLlama, which offers research tools and data on the DeFi market. DeFiLlama is the data analytics platform that tracks and then aggregates the data via multiple blockchains, providing an extensive overview of the DeFi market through key metrics like total value locked (TVL), thereby analyzing the DeFi space.

Hire Suffescom to create DeFi TVL aggregator like DeFiLlama and take your business to new heights. Build an innovative platform, helping crypto enthusiasts to track their DEXs, and liquidity pools performance.

Understanding DeFiLlama & TVL

DeFiLlama is an open-source platform and is considered the largest TVL aggregator for DeFi, which primarily focuses on data transparency and accuracy. This decentralized analytics dashboard helps monitor the DeFi protocols and dApps. Moreover, DeFi TVL is a key metric that gathers cross-chain data and forms cumulative data across chains.

The services on the DeFi TVL aggregator are presented to the DeFi users without charging any price and showing sponsored content. Users will get all the relevant information about the Level 1 and Level 2 blockchain and data globally.

TVL is nothing but the total locked volume of the assets in the project or protocol smart contract, usually exhibited in ether or USD. It involves locking the funds as staking that helps amplify the token liquidity and generates profit. This also plays a crucial role in evaluating the health of the blockchain networks, enforces the users' trust in the system, and keeps them engaged.

How Does DeFi TVL Aggregator Like DeFiLlama Works?

The analytical platform helps gather, process, and showcase all the essential details in real time. The work is a step-by-step process that starts with data aggregation, in which raw data is collected from different protocols, including dApps and blockchain layers, followed by the TVL and the APY yields. Blockchain integration helps follow up on the DeFi operations executed on other blockchain networks.

Following that, the DeFiLlama offers real-time updates to keep users updated on the current trends in the market through the dashboard. The interface's intuitiveness helps in easy navigation and comprehension of the information while using the charts and graphs.

Key Steps To Build DEX Aggregator like DeFiLlama

Developing a DeFi TVL aggregator similar to DeFiLlama requires a holistic process encompassing solid planning, technical development, and continuous maintenance. Here is a structured breakdown of the development process:

1. Requirements Gathering

It is important to clearly understand the project's goals, target audience, and functional requirements. The ultimate objective is to determine the aggregator's main goal, such as real-time TVL data across multiple DeFi protocols and blockchains.

2. Identify Target Audience

Another essential thing in DeFi TVL aggregator development Like DeFiLlama is a better understanding of who will use the platform: investors, researchers, and developers. Moreover, enlist vital features such as protocol tracking, chain analysis, historical data visualization, and instant alerts and tailor them accordingly.

3. Architecture Design

Envision a system architecture that can scale to meet the needs of data collection, processing, and presentation. The components are designed to relate to data ingestion, storage, processing, and user interface.

4. Blockchain Integration

Harness the power of blockchain development solutions and integrate the dynamic technology, creating immutable transaction records. This helps optimize the business processes, offers security, and reduces costs by eliminating third-party intermediaries.

5. Adding Technicalities

Implement the collection of TVL data from various DeFi protocols and blockchains. Pick DeFi protocols to track and leverage existing APIs to retrieve data from chosen protocols. This is possible with direct interaction with smart contracts or third-party services.

6. Smart Contract Development

Involves the creation and deployment of the self-executing protocols on the blockchain network. Followed by smart contract auditing, the loopholes are identified and removed, which helps to optimize and streamline the process.

7. User Interface

Design an intuitive and responsive user interface to enable easy interaction with the platform. Create wireframes and prototypes to describe the user journey and interface structure. Implement UI using modern frameworks to ensure responsiveness on all devices. Moreover, embed charts, graphs, and tables to make the data visible in an interactive format.

8. Testing and Quality Assurance

Validate the platform's functionality, performance, and security before launch. Set individual components and their interactions to ensure correct functionality. Assess the platform's responsiveness and stability under various load conditions. Gather feedback from potential users to identify usability issues and areas for improvement.

9. Deployment and Launch

Implement the platform into a live system and make it accessible to the user. Configure the servers or cloud services to host the application so that it scales properly. After ensuring that everything is working perfectly then, it's time to launch the platform.

High-Tech Features Of DeFi TVL Aggregator Development Like DeFiLlama

The splendid platform has features that help users lend, borrow, trade, yield farms, and much more. Discover the core attributes that elevate the functioning and drive user engagement to the maximum potential.

1. Live Aggregation

Aggregates real-time data on the total value locked across various DeFi platforms so the user knows how much capital is locked in decentralized exchanges, lending platforms, liquidity pools, etc, through DeFi.

2. Data Insights

Enables the users to track historical data, past trends and growth patterns and analyze the performance of protocols. It depicts how TVL is affected by market events across the ecosystem.

3. Cross-Chain TVL Tracking

Collects the TVL from different blockchains and provides a singular overview. This gives users a comprehensive view of the DeFi space across multiple ecosystems like Ethereum, BSC, Solana, etc.

4. DeFi Analytics

Gives deeper insights into the health of the DeFi ecosystem and sheds light on other key metrics such as liquidity, liquidity providers, TVL growing trends, and yield farming data.

5. Token Performance

Tracks the price performance and market cap of these tokens. This helps investors gauge DeFi protocols' performance from a TVL and token value perspective.

6. Comparison Tools

Allows users to compare the TVL of different protocols or other blockchain networks. This helps compare growth in Ethereum-based DeFi platforms with those on Solana orDinance Smart Chain.

7. News Feed

Shows relevant tweets and all the current information about the blockchain, cryptocurrencies, upcoming locked tokens in DEX, and stock trading market from popular and trusted media sources.

8. Ecosystem Support

Engage users to catch up on newer trends, forthcoming DeFi protocols, and alterations in capital inflows. This social functionality features user-driven updates from the community to intensify engagement and collaboration with the DeFi community.

9. Personalized Views and Filters

Allows the users to make data viewable and interactable according to personal preferences. This will filter TVL by blockchain, protocol, or categories such as lending, DEXs, etc., giving users control over whatever they want to view in the data.

10. Protocol Ranking

Enables users to witness how different DeFi protocols perform based on their TVL. It helps them quickly identify which platforms hold the most value and where most of the capital is concentrated in the DeFi ecosystem, helping them make accurate investment decisions.

Novel Additions in DeFi TVL Aggregator Development Like DeFiLlama

Build DEX aggregator like DeFiLlama with Suffescom that comes with striking new tools that make it much more valuable and rewarding for the users and the businesses.

1. NFT Collections

Along with cryptocurrency, the platform has expanded its functionality by offering data about the NFT market. Top insights about the NFT collections, minting & royalties, and best marketplaces are shown in addition to the volume fluctuation and current market share.

2. Token Liquidity

This important tool provides the users with data on swaps for various tokens on diverse exchanges. It allows for the easy analysis and selection of the finest available alternatives.

3. Governance

This functionality helps the users discover data on total governance proposals managed on protocols, and the ones passed in the previous 30 days.

What Is The Significance Behind Building DEX Aggregator Like DeFiLlama?

With the continuous expansion in the realm of DeFi, new protocols are surfacing every day. A unique platform is needed to fetch the information encompassing the protocol updation and streamlining.

DeFiLlama like platform will offer an analytical toolkit to check the revenue, TVL, market cap, transaction and user activity, and other key metrics. Moreover, all the information is based on real-time data and helps investors make decisions based on verified facts.

As it is an open-source platform, it offers accessibility and integrates the data acquired from different protocols and exhibits in a comprehensive format. This well data breakdown helps educate the users and make them understand the market.

The other advantageous thing about the DeFiLlama like DeFi TVL aggregator is that it helps in risk management. As the users assess the historical data, it helps in profit-making investment, thereby reducing potential risks. Overall, the platform serves phenomenal transparency, visibility, accessibility, and secure transactions and facilitates trend comparison of different projects.

Exploring The Use Cases Of DeFi TVL aggregator Like DeFiLlama

The platform's applications in the finance ecosystem create impressiveness and revolutionize how investors can effectively use the system to achieve their desired goals.

1. For Traders And Investors

The platform gives a complete overview of the TVL of different DeFi projects and offers valuable details about the market trends. It helps detect investment opportunities to gain significant growth. The health analysis of the crypto exchange gives them an insight into the investors that have lost billions of dollars.

2. For Analysts

The availability of extensive reports and data in the form of graphs and charts benefits crypto analysts in the big time. This helps in interpreting the complex datasets and making it convenient for them to identify the patterns and market fluctuations( be it growth or decline)

3. For DeFi Project Teams

DEX aggregators like DeFiLlama help monitor performance and areas for improvement. It helps make a clear understanding of the fluctuations compared to the other DeFi projects. Based on that, the team will analyze the data and use innovative strategies that aid in making further decisions.

Why Is Suffescom The Best Choice For You To Build DEX Aggregator Like DeFiLlama?

As a reliable DeFi development company, we have excelled in creating decentralized exchange platforms integrated with blockchain security. Avail yourself of the ultimate advantages and gain a competitive edge among competitors.

• Certified Professionals
• 24*7 Support
• Client-Focused Approach
• Industry Leading Knowledge
• Unparalleled Expertise
• State-Of-The-Art Tech-Stacks
• Free Consultation

Contact our team and make a solid mark in the crypto world.

• Dex Aggregator Platform Development
• Dex Aggregator Platform