Navigate to DeFi Dashboard
HomeMetricsToolsChainsYieldsStablecoinsRWASupportAPI & MCPDEX AggregatorInvestor RelationsNewDefiLlama ResearchNew

PREMIUMTry free

PricingLlamaAIDownloadsCustom DashboardsSheetsLlamaFeed
Old Menu
Market Overview
OverviewChainsCategoriesOraclesTop ProtocolsBridged TVLForks
Yields
OverviewStablecoin YieldsLeveraged LendingHalalDelta Neutral StrategiesAll ProjectsLong/Short StrategiesTrendsWatchlist
Fees & Revenue
RevenueFeesHolders RevenueRevenue (Chains)Fees (Chains)EarningsApp Revenue (Chains)App Fees (Chains)REV (Chains)
Volume
PerpsDEXsDEXs (Chains)DEX AggregatorsBridge AggregatorsPerps (Chains)Open InterestPerps AggregatorsOptions Premium VolumeOptions Notional Volume
Stablecoins
OverviewChains
AirdropsHacks
Bridges
OverviewChainsTransactions
NFTs
MarketplacesCollectionsEarningsVolume (Chains)
Unlocks
OverviewCalendar
DATsETFsEquities
Raises
OverviewInvestors
TreasuriesCEX TransparencyRecently ListedNarrative TrackerETH Liquid StakingGovernanceToken RightsCorrelations MatrixWatchlist
Borrow Aggregator
SimpleAdvanced
Token LiquidityDirectoryToken PnLCompare ChainsCompare ProtocolsToken Usage
More
Support
Careers
Report Incorrect Data
Press / Media
API Reference
List your project
Data Definitions
About Us
About / Contact
Twitter
Discord
Donate
Terms of Service
Privacy Policy

Navigate to DeFi DashboardTry LlamaAI

Settings


Dark Mode
⌘KTry LlamaAI

In-depth research reports covering DeFi markets, protocols, infrastructure, and emerging trends — published by the DL Research team.

State of DeFi 2025

December 2025121 pagesDL Research

Comprehensive analysis of DeFi's evolution into a maturing financial system. Covers stablecoins as core infrastructure, the converging trading stack, credit and yield markets, execution quality, MEV, governance, token design, and outlook for 2026.

StablecoinsTrading StackLending & YieldL1s & L2sMEV & ExecutionRWAGovernance

State of RWAfi Q1 2026

April 202684 pagesDL Research

A comprehensive, data-led assessment of the real-world asset landscape across DeFi — covering tokenised equities, real estate, commodities, and the broader structural forces shaping the next phase of onchain capital markets.

Tokenised EquitiesReal EstateCommoditiesPrivate CreditOnchain Capital Markets

Other Reports

2022 DeFi Year In Review

December 202237 pagesKofi

Data-driven review of the 2022 DeFi landscape. Covers the market downturn, top DeFi categories (CDP, Lending, DEXs, Liquid Staking), chain deep-dives across Ethereum, BSC, Polygon, Solana, Avalanche, and Terra, plus highlights on hacks, stablecoins, and The Merge.

Market OverviewDEXsLendingLiquid StakingChains & L2sHacksStablecoins