DefiLlama Integrates Forgd's Market-Maker Leaderboard for Real-Time Crypto Liquidity Insights

Crypto analytics platform DefiLlama has integrated Forgd's market-maker leaderboard into its dashboard, providing users with real-time 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. It draws from more than 500 token projects and 35 market-making firms that use Forgd's tools to monitor liquidity across active engagements.

The integration allows DefiLlama users to compare market makers across exchanges and assess the liquidity supporting individual tokens.

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