Forgd brings its crypto market-maker leaderboard to DefiLlama
Forgd’s ratings draw on data from more than 500 token projects and 35 market-making firms, but do not solely reflect trading performance.
Crypto analytics platform DefiLlama has integrated Forgd’s market-maker leaderboard, giving users access to data on spreads, market depth, trading volume and uptime.
In an announcement sent to Cointelegraph, Forgd said that the dashboard ranks crypto market makers using standardized measures of pricing, depth, reliability and execution quality. The data comes from more than 500 token projects and 35 market-making firms that use Forgd’s tools to monitor liquidity across active engagements, according to the company.
The integration allows DefiLlama users to compare market makers across exchanges and assess the liquidity supporting individual tokens. Forgd first launched the leaderboard in May as a tool for token projects selecting and monitoring liquidity providers.