DefiLlama Integrates Forgd's Market-Maker Leaderboard

Crypto analytics platform DefiLlama has integrated Forgd's market-maker leaderboard, giving users access to data on spreads, market depth, trading volume, and uptime. The leaderboard ranks crypto market makers using standardized measures of pricing, depth, reliability, and execution quality.

The data comes from over 500 token projects and 35 market-making firms that use Forgd's tools to monitor liquidity across active engagements. This integration allows DefiLlama users to compare market makers across exchanges and assess the liquidity supporting individual tokens.

Ryan Celaj, DefiLlama's head of research, said the integration adds another signal for evaluating execution quality and market resilience alongside metrics such as volume and liquidity.