Forgd's Market Maker Leaderboard Goes Live on DefiLlama

Crypto traders and analysts can now evaluate market-maker performance on the same level as volume, TVL, and fees thanks to Forgd's Market Maker Leaderboard live on DefiLlama. The leaderboard ranks leading crypto market makers on standardized measures of pricing, market depth, reliability, and execution quality.

The data comes from more than 500 token projects and 35 market-making firms that use Forgd's tools to monitor liquidity across live engagements. This standardized record of how firms have performed across different tokens, venues, and market conditions can be folded directly into existing workflows for token research, liquidity and risk analysis, and venue comparison.

'Volume alone does not tell you whether a market has healthy, reliable liquidity,' said Ryan Celaj, Head of Research at DefiLlama. The integration is part of Forgd's ongoing effort to make crypto market structure more transparent.