The dashboard lets users compare crypto liquidity providers across exchanges using spreads, market liquidity, volume and uptime, with rankings also reflecting execution quality and market stability.
DefiLlama has added Forj’s market-maker leaderboard, bringing users a new set of liquidity-focused metrics across crypto exchanges and tokens. The dashboard evaluates market makers using quoted spreads, market liquidity, trading volume and system uptime, with rankings tied to price competitiveness, liquidity provision, stability and order-execution quality. The data currently covers more than 500 token projects and 35 market makers. The integration is designed to help users compare liquidity providers across venues and assess the market support behind individual tokens, an area that can shape trading conditions and resilience during volatile periods. Ryan Selkis, DefiLlama’s head of research, said the platform added metrics beyond traditional trading-volume and liquidity indicators to better assess order-execution quality and market stability.