Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
DefiLlama founder: Figure TVL data authenticity is questionable, not excluded from the ranking due to X platform follower count

DefiLlama founder: Figure TVL data authenticity is questionable, not excluded from the ranking due to X platform follower count

Chaincatcher2025/09/13 12:35

ChainCatcher reported that DefiLlama founder 0xngmi posted on social media stating that DefiLlama discovered a serious discrepancy between Figure's on-chain assets and trading volume: BTC and ETH reserves are extremely limited, its own stablecoin supply is minimal, most loans are still processed in fiat currency, and there is almost no on-chain trading. They suspect that most of Figure's TVL may simply be a mirror of an internal database rather than real, tradable assets.

As part of due diligence, DefiLlama has discussed Figure's TVL data (claimed to be $12 billion) with the Figure team in a Telegram group chat and has raised several system and issuance-related questions.

However, a person familiar with the entire process spread rumors on X (formerly Twitter) claiming that DefiLlama refused to list Figure due to its follower count on X, and some even implied that DefiLlama charges listing fees, which is completely untrue. In fact, DefiLlama has never refused any project due to follower count, nor has it charged any fees, and it continues to adhere to strict due diligence to ensure the authenticity and reliability of the data.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

BTC surpasses $116,000
金色财经2025/09/13 20:17
Altcoin Season Index Rises to 71
金色财经2025/09/13 19:48

Trending news

More
1
A dormant address holding 30 ETH has been activated after 10.1 years of inactivity.
2
Ethereum Foundation establishes end-to-end privacy roadmap, covering private writing, reading, and proof

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,930.75
-0.10%
Ethereum
Ethereum
ETH
$4,666.39
-0.33%
XRP
XRP
XRP
$3.12
+0.53%
Tether USDt
Tether USDt
USDT
$1
-0.03%
Solana
Solana
SOL
$242.56
+0.82%
BNB
BNB
BNB
$932.82
+1.00%
USDC
USDC
USDC
$0.9997
-0.02%
Dogecoin
Dogecoin
DOGE
$0.2900
+5.24%
Cardano
Cardano
ADA
$0.9295
+1.67%
TRON
TRON
TRX
$0.3497
-0.59%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter