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Forgd integrates its market-maker leaderboard into DefiLlama

The dashboard lets users compare market makers across exchanges using spreads, market depth, trading volume, and uptime data.

Reported · Written up by our desk · Market Structure

Crypto analytics platform DefiLlama has integrated Forgd’s crypto market-maker leaderboard, adding a new dataset for users to evaluate liquidity and execution quality. The integration brings measures including spreads, market depth, trading volume, and uptime into a centralized view.

According to Cointelegraph, Forgd’s rankings use standardized metrics for pricing, depth, reliability, and execution quality. The underlying information covers data from more than 500 token projects and 35 market-making firms, with the goal of letting users compare liquidity providers across exchanges and assess the liquidity supporting individual tokens.

Cointelegraph also reports that Forgd launched the leaderboard in May as a tool for token projects to select and monitor liquidity providers. Forgd’s CEO, Shane Molidor, said a lower grade is not necessarily a judgment of a firm’s trading, but rather reflects that market makers may not yet be fully opted into performance verification.

Forgd and DefiLlama did not disclose financial terms for the integration, and Cointelegraph said it reached out for further comment.

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