DefiLlama and Forgd launch institutional token rating system

DefiLlama and token advisory platform Forgd have launched an institutional rating system for tokens, utilizing an AAA-to-CCC scale. The system evaluates 128 of 149 listed tokens by multiplying disclosure and performance scores rather than averaging them. This mathematical approach is designed to ensure that a project must demonstrate strength in both transparency and market activity to achieve a high grade.

Disclosure assessments cover tokenomics, insider wallets, and commercial arrangements, while performance metrics examine liquidity, spreads, venue coverage, and market-maker conduct. Data is verified against exchange, on-chain, and market-maker information.

Currently, Uniswap holds the only AAA rating with a composite score of 60.80. Meteora follows with an AA grade and a score of 58.48, while Curve DAO ranks third with a score of 53.32. DefiLlama noted that the AAA rating indicates strong current conditions but does not guarantee investment returns or eliminate risk.