Uniswap Leads the Pack in DefiLlama's Universal Token Ratings

DefiLlama and Forgd's Universal Token Ratings (UTR) system has been launched to evaluate 128 tokens based on their market functioning and transparency. Uniswap is the only project to receive a AAA rating, with a score of 60.8 points out of 100. The top ten protocols include Curve DAO, Raydium, o1exchange, ether.fi, Jito, Dogecoin, Zama, Pyth Network, Solana, and Zcash, all receiving an AA rating.

The UTR system uses a transparency score and a market performance score to evaluate tokens. The ranking does not measure default risk or upside potential, but rather focuses on liquidity, volumes, token unlocks, and the quality of information published by projects.

Uniswap's AAA rating is based on its high transparency score of 7.87 out of 10 and a market performance score of 7.72 out of 10. The UTR system uses a complex calculation methodology to determine ratings, taking into account factors such as token release schedules, token distribution, multisignatures, audits, relations with exchanges or market makers, and compliance with derivative product conditions.

DefiLlama and Forgd emphasize that the UTR system is not a definitive evaluation, but rather an evolving ranking that can change as data changes. The system monitors over 500 protocols and 35 liquidity provisioning companies, and ratings are updated in real-time.