#United States #New York #Forgd #DefiLlama #Universal Token Ratings

Forgd and DefiLlama Launch Universal Token Ratings

The partnership between Forgd, a Web3 investment bank and advisory platform, and DefiLlama, a prominent analytics platform in the crypto industry, marked a significant milestone with the introduction of Universal Token Ratings (UTR). This innovative rating system is the first of its kind, designed to continuously reflect the real-world market performance of token projects against their public disclosures.

A New Standard for Token Ratings

On August 26, 2026, in New York, the two companies announced the launch of UTR, which offers a standardized scoring system ranging from 0 to 100, in addition to familiar AAA to CCC letter grades. This tool provides founders, investors, and researchers with real-time assessments of over 100 token projects, which can be accessed directly on DefiLlama, the go-to source for crypto market data.

Continuous Updates and Real-Time Insights

Unlike traditional ratings that depend on periodic reviews, UTR continuously recalibrates based on real-time market data, including factors like liquidity, trading volume, and market maker activity. This unique approach allows for immediate reflection of any changes in a token's market conditions, ensuring that ratings are not static but dynamic. Shane Molidor, Founder and CEO of Forgd, emphasizes this shift: "Crypto has had transparency checklists, but the industry has never had a continuously updated rating system. Our rating tells you whether the market is functioning right now. Universal Token Ratings are designed so that a score is something you have to keep earning."

Mechanism and Metrics of UTR

The UTR is structured around two main components: the Disclosure Axis (D) and the Performance Axis (P). Each axis operates on a scale of 0 to 10. The Disclosure Axis evaluates the quality, completeness, and recency of project disclosures, while the Performance Axis assesses whether the actual market activity aligns with those public disclosures. The final UTR score is calculated by multiplying the two scores (UTR = D × P). This system is self-enforcing, as verified on-chain events—such as token unlocks or new exchange listings—directly influence the score without requiring human intervention.

Integration and Data Partnerships

The Universal Token Ratings are now integrated into DefiLlama's existing platform, furthering the collaboration initiated with Forgd's market maker leaderboard earlier in the same month. These ratings derive from extensive data partnerships and Forgd's proprietary infrastructure monitoring over 500 token projects and 35 market-making firms.

Ryan Celaj, Head of Research at DefiLlama, highlights the importance of this initiative: "DefiLlama's mission has always been surfacing honest, unbiased data. Ratings calculated from live market data are a natural extension of that mission, giving our users a fast, standardized way to identify projects that deliver."

User-Friendly and Accessible Ratings

Users can filter ratings by various categories including valuation, sector, and exchange listing tiers, allowing for nuanced insights into project strengths and weaknesses. Comprehensive details about the ratings and their methodology are available at DefiLlama’s official website.

About the Companies

Forgd

Forgd is a pioneering Web3 investment bank and advisory service that empowers blockchain projects, providing tools necessary for effective tokenomics design, market engagement, liquidity monitoring, and support for exchange listings. For those wishing to explore new projects, joining Forgd is free and accessible through their website.

DefiLlama

DefiLlama is recognized as the largest open-source data platform for decentralized finance (DeFi) and the on-chain economy. It tracks critical metrics across thousands of protocols and chains with a publicly auditable methodology, making it a valuable resource for users looking to understand the evolving landscape of cryptocurrency.

In summary, the advent of Universal Token Ratings represents a groundbreaking advancement in how the crypto industry evaluates token projects, making continuous transparency and accountability a priority. As the landscape continues to evolve, tools like UTR will play a crucial role in guiding user decisions and enhancing market integrity.