Uniswap Receives Only AAA Rating in Universal Token Ratings

DefiLlama and Forgd have launched Universal Token Ratings (UTR) to evaluate the market functionality and transparency of 128 tokens. The system assigns a rating from AAA to CCC, with Uniswap being the only project to receive an AAA rating.

The ranking is based on two axes: Disclosure Axis, which measures the quality and completeness of information provided by projects, and Performance Axis, which evaluates market performance, including liquidity, volumes, and token unlocks. The final score is obtained by multiplying these two axes.

Uniswap received a transparency score of 7.87 out of 10 and a market performance score of 7.72, resulting in a total score of 60.8 points out of 100. Meteora protocol came in second with 59.87 points, just below the AAA category.

The top ten projects included Curve DAO, Raydium, o1exchange, ether.fi, Jito, Dogecoin, Zama, and Pyth Network, all rated AA. The rating system does not evaluate yield or default risk but focuses on transparency and market performance.