DefiLlama has integrated Forgd's market maker leaderboard into its data analytics platform, giving users a new way to compare market makers using data on spreads, market depth, trading volume and uptime. The leaderboard covers more than 500 token projects and 35 market makers, ranked according to standardized indicators that include pricing, depth, reliability and execution quality. According to a report from Cointelegraph, DefiLlama's head of research said the integration provides a new signal for evaluating execution quality and market resilience. He cautioned that the rating system should not be read as a full reflection of actual trading performance; a low rating may simply indicate that a particular market maker has not yet fully completed the performance verification process. Financial terms of the integration were not disclosed by either party. The data is now available on DefiLlama, allowing users to examine each market maker's pricing, depth, volume and uptime side by side.
DefiLlama has integrated Forgd's market maker leaderboard into its analytics platform, allowing users to review data on spreads, market depth, trading volume and uptime across major crypto market makers.
The ranking covers more than 500 token projects and 35 market makers, with participants scored on standardized metrics such as pricing, depth, reliability and execution quality. According to Cointelegraph, DefiLlama's head of research said the integration offers a new signal for evaluating execution quality and market resilience, but cautioned that the ratings do not fully reflect actual trading performance. Some low ratings may simply mean a market maker has not yet fully joined the performance verification process.
Neither side disclosed the financial terms of the integration.
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