another datapoint for the thesis that early liquidity via tokens have been disastrous for crypto - augur founder: gets rich via token, checks out -> project goes to 0 - polymarket founder: no token, all value in the company, has to grind it out -> 9bn outcome

historical prediction market dominance by tvl craziest thing is that augur was #1 at some point, if they had kept going they could have gotten polymarket's 9bn valuation but they gave up

was working on improving our methodology for volumes today and learned that some cexs post orders that can't be executed so that their orderbook looks deeper and it seems to have strong liquidity, when it doesnt the rabbit hole goes deep smh

Every single subscriber to DefiLlama Pro who kept their subscription active is now in profit thanks to this airdrop to all defillama paid subscribers

from the creator of that dune dashboard himself https://t.co/teAGLxznjJ

Llamao

incredible things happening on CT today People complaining about defillama and linking a dune dashboard But the dune dashboard is just mirroring defillama's data by calling our API llamao

6. You're just against aster We are not, we delisted lighter and many other perp dexs before because of blatant wash trading All we care is about the integrity of our data cause its important that users can trust it

5. Why not keep it listed and just add a warning Cause it alters our total perp data and our api doesnt support this, so our api users won't get it No strong opinion here tho, so if users want it that way we could change it to do that

4. Why not delist it silently instead of posting publicly We actually did this before, previously aster revenue data didnt exclude rebates given to users, which led to inflated numbers We delisted it quietly while posting the reason on public forums, while we waited to have

3. Why delist it now and not before There was a huge volume increase the last few days that prompted us to look more into it, I asked our team to investigate it and when they came back with results I took action

2. You got paid to delist it We didn't, defillama never got paid to list or delist anything Furthermore on a personal level I never held any position (long or short) on either HYPE or ASTER

Thread going over all the complaints that ppl had about the aster delisting: 1. Why not just report data as is, your job is just to report it? Our users trust our data and make investing decisions based on it, if we report incorrect data they'll make the wrong decisions

For anyone questioning my incentives, i never owned any hype or any aster and have never had any positions open on these coins The thing i care about is integrity of our data

For other coins like ETH the correlation is more extreme, but similar patterns can be seen across all pairs Aster on the left, hyperliquid on the right

We've been investigating aster volumes and recently their volumes have started mirroring binance perp volumes almost exactly Chart on the left is XRPUSDT on aster, you can see the volume ratio vs binance is ~1 Chart on the right is XRP perp volume on hyperliquid, where there's

one of the things I admire about DefiLlama is all written in this jd-esque git sticking to the crypto ethos from over a decade ago

It isn't uncommon for new features to go from idea to launch in a few hours. Sometimes new versions of a product ship multiple times in the same day. If you move fast and want to actually make an impact on the future of DeFi, I'd strongly recommend checking this out.

recently read an interview of a top 30 richest men in the world and after he finished getting interviewed the first thing he did was check the charts to see how much he was up or down llamao, theres no escaping this

more info + how to apply: