TL;DR:
- DeFiLlama and advisory firm Forgd launched a dashboard that continuously evaluates 128 digital assets.
- The system rates projects using a numerical scale from 0 to 100 points alongside letter tiers ranging from AAA to CCC.
- At the launch of the dashboard, the Uniswap protocol earned the highest rating with an AAA grade, while platforms such as PancakeSwap and Olympus were placed in the CCC tier.
The decentralized analytics platform DeFiLlama launched a universal token ratings dashboard developed in partnership with advisory firm Forgd. The tool introduces a quantitative evaluation framework for the crypto market.
Our new Universal Token Ratings dashboard is live: the industry's first continuously updated token rating standard, built with @Forgd_.
100+ tokens now carry a single 0-100 score and AAA-CCC grade, live on DefiLlama. pic.twitter.com/7bwDtq5DmE
— DefiLlama.com (@DefiLlama) August 26, 2026
Quantitative Metrics and Scoring Structure
The tool, named Universal Token Ratings (UTR), consolidates nearly 40 evaluation parameters into a single metric. The system assigns each asset a numerical score between 0 and 100 points, linked to a hierarchical letter scale similar to those used by traditional credit rating agencies.
At the time of its deployment on Thursday, August 27, 2026, the dashboard integrated 128 unique tokens within its public registry.
According to official data from Forgd and DeFiLlama, the model assesses liquidity depth, the volume-to-market-cap ratio, bid-ask spreads, emission schedules, and the transparency of disclosures from each issuing team.
The decentralized protocol Uniswap debuted as the only asset with the top AAA rating at the dashboard’s launch. Protocols such as Meteora and Curve DAO ranked in the AA tier. In contrast, assets belonging to platforms like PancakeSwap, Olympus, and Collector Crypt opened in the CCC range.
Continuous Analysis Methodology vs. Static Reports
Unlike conventional periodic audits, the dashboard data is continuously updated based on on-chain performance metrics and secondary market behavior.
A market report indicates that this dynamic methodology seeks to verify whether a project’s operational performance in the market aligns with the disclosures made by its developers. The developers specified that assets debuting via token generation events (TGE) receive provisional ratings during their initial trading weeks.
The decentralized finance ecosystem historically operated without a consolidated credit rating or comprehensive performance standard. DeFiLlama data shows that the total value locked (TVL) across protocols in the sector exceeded $89.3 billion over the past 24 hours.
Industry technical reports suggest that the adoption of standardized models could influence liquidity provision decisions among institutional operators. Standardizing criteria aims to reduce the fragmentation of technical data across different blockchains.
DeFiLlama and Forgd announced that over the next quarter they will incorporate new assets into the dashboard, in addition to enabling direct verification channels for founding teams to update their governance and emissions reports.
