eden

Create bug 🐛 in my garden 🍃 open-source at and a llama at @DefiLlama

[Seb N. @seb22n]

How impactful are RWAs on @HyperliquidX revenue? Topic of our first newsletter !

Big shoutout to @noateden for extracting all data for me. 😚

👉 What Hyperliquid topic should I investigate next? Drop your ideas.

[eden @noateden]

@wagmiAlexander @llama @patfscott @0xngmi hey alex, we're working on bribes improvement by treating it as fees and revenue, no separated bribes anymore. once we fix all data for all protocols, you can see the full picture

[DefiLlama.com @DefiLlama]

We are launching a research arm!

DLResearch is gonna be transforming into DefiLlama Research

[eden @noateden]

@dethective Correct my previous comment
for latest day, we fetch fees from Kumbaya api, we fetch history fees use on-chain. But we can fully verify numbers from Kumbaya api

[eden @noateden]

@dethective no, at Defillama we getting fees from Swap event on-chain and get fees from volumes based pool fee tigers.
The Dune dashboard is counting Collect events as Fees which is off. ON uni-v3 Collected events include Remove LP amounts too, so it isn't a correct way to track fees.

[DefiLlama.com @DefiLlama]

Introducing the DefiLlama SQL Studio.

Create custom CSV exports and charts that bring together multiple DefiLlama datasets. Run SQL directly in your browser to access every major slice of DeFi data.

Now available to API plan users in our Downloads portal.

[0xngmi @0xngmi]

We've launched Risk metrics in DefiLlama!

The best metrics come with real money on the line, so we devised a new one: how much $ would be lost across lending markets if a token got hacked

This aggregates trust and willingness to extend credit to a token across risk managers

[eden @noateden]

llamas will make it

[0xngmi @0xngmi]

I see ppl calling for the death of defi

They're wrong

DeFi is gonna take a hit but it will not die, current situation is completely recoverable with protocol treasuries and loans

I believe in DeFi and I'm gonna keep working to make it succeed🦙

[0xngmi @0xngmi]

Seeing a lot of takes that assume that defillama's aave TVL is inflated by looping

That's NOT the case, because borrowed coins are removed from TVL

Imagine:
1. A deposits 1m eth -> tvl = 1m
2. B deposits 1m steth and borrows 1m -> +1m - 1m
3. final tvl = 1m

On top of that, we monitor TVL sources and actively remove sources of doublecounting too

For example we found that ethena was depositing its collateral into aave and people were looping it, which actually led to tvl increasing from loops. Then we specially removed ethena's deposited TVL from aave TVL to avoid this

So our TVL numbers already have looping removed, idk where everyone is getting this idea that is not

[eden @noateden]

@zeddotdev Wen paste an image as png?

[eden @noateden]

All time high volume on @HyperliquidX HIP-3 markets
Source @DefiLlama - https://t.co/v5h98fQUQl

[vitalik.eth @VitalikButerin]

“Ethereum was not created to make finance efficient or apps convenient. It was created to set people free”

This was an important - and controversial - line from the Trustless Manifesto ( https://t.co/QAvZfiNxpe ), and it is worth revisiting it and better understanding what it means.

“efficient” and “convenient” have the connotation of improving the average case, in situations where it’s already pretty good. Efficiency is about telling the world's best engineers to put their souls into reducing latency from 473 ms to 368ms, or increasing yields from 4.5% APY to 5.3% APY. Convenience is about people making one click instead of three, and reducing signup times from 1 min to 20 sec.

These things can be good to do. But we must do them under the understanding that we will never be as good at this game as the Silicon Valley corporate players. And so the primary underlying game that Ethereum plays must be a different game. What is the game? Resilience.

Resilience is the game where it’s not about 4.5% APY vs 5.3% APY - rather, it’s about minimizing the chance that you get -100% APY.

Resilience is the game where if you become politically unpopular and get deplatformed, or if a the developers of your application go bankrupt or disappear, or if Cloudflare goes down, or if an internet cyberwar breaks out, your 2000ms latency continues to be 2000ms.

Resilience is the game where anyone, anywhere in the world will be able to access the network and be a first-class participant.

Resilience is sovereignty. Not sovereignty in the sense of lobbying to become a UN member state and shaking hands at Davos in two weeks, but sovereignty in the sense that people talk about "digital sovereignty" or "food sovereignty" - aggressively reducing your vulnerabilities to external dependencies that can be taken away from you on a whim. This is the sense in which the world computer can be sovereign, and in doing so make its users also sovereign.

This baseline is what enables interdependence as equals, and not as vassals of corporate overlords thousands of kilometers away.

This is the game that Ethereum is suited to win, and it delivers a type of value that, in our increasingly unstable world, a lot of people are going to need.

The fundamental DNA of web2 consumer tech is not suited to resilience. The fundamental DNA of _finance_ often spends considerable effort on resilience, but it is a very partial form of resilience, good at solving for some types of risks but not others.

Blockspace is abundant. Decentralized, permissionless and resilient blockspace is not. Ethereum must first and foremost be decentralized, permissionless and resilient block space - and then make that abundant.

[DefiLlama.com @DefiLlama]

DefiLlama 2025 Wrapped

Let’s begin.

[DefiLlama.com @DefiLlama]

Line-item income statements are now live on DefiLlama.

See exactly where protocol money comes from and goes. Automatically fed from onchain data.

Protocol revenue and expenses are broken down, translating DeFi-native terms like “Fees” into standard accounting concepts.

[eden @noateden]

shipping is llamas ADN

[DefiLlama.com @DefiLlama]

Introducing a suite of new features for LlamaAI.

1) New Data
Responses now incorporate 𝕏 searches, Polymarket odds, news, and additional context.

2) Higher Quality Exports
Export any response as a PDF report & download CSVs of unlimited size from data queried.

[eden @noateden]

@crystaltai @0xngmi any progress on fixing bug?
https://t.co/wIxaUaaBw6

[0xngmi @0xngmi]

9 months ago I tweeted about @artemis taking our data and selling it as theirs

We just caught them doing the same again, taking our data and repackaging it under 'Source: Artemis'

Just unbelievable

[eden @noateden]

@artemis hey
https://t.co/wIxaUaaBw6

[0xngmi @0xngmi]

9 months ago I tweeted about @artemis taking our data and selling it as theirs

We just caught them doing the same again, taking our data and repackaging it under 'Source: Artemis'

Just unbelievable

[0xngmi @0xngmi]

9 months ago I tweeted about @artemis taking our data and selling it as theirs

We just caught them doing the same again, taking our data and repackaging it under 'Source: Artemis'

Just unbelievable

[eden @noateden]

@z0r0zzz summarize it for you

[eden @noateden]

@BungeeExchange very impressive +1681% gain in 365 days