Defillama's New Crypto Ratings Put 128 Tokens Under the Lens

What happened

On Wednesday, DeFi platform Defillama and Web3 investment bank Forgd launched Universal Token Ratings, a system that grades digital assets similarly to how credit rating agencies like Moody's and Fitch evaluate bonds. The new ratings cover over 100 tokens, with 128 tokens currently under review.

Confirmed

Global impact / market context

This brings a Wall Street-style grading system to crypto, which means investors get a simpler way to judge token quality. Clearer ratings could guide where money flows, potentially increasing demand for highly rated tokens and reducing interest in lower-rated ones.

Analyst inference

Crypto markets lack the standardized credit ratings that traditional bond markets use, making risk assessment harder for newcomers. By mimicking established agencies, this tool may help bridge that gap, possibly influencing how investors compare tokens and allocate funds across digital assets.

Analyst inference

What to watch

1. Watch for the full list of the 128 rated tokens to be published, as Defillama and Forgd have confirmed the rating system's launch but not yet detailed individual grades. Confirmed
2. Observe whether future token ratings are updated regularly, as the announcement does not specify how often grades will be revised or if token performance will trigger rating changes. Proposed
3. See if other crypto platforms adopt similar rating systems, since success here could encourage competitors to offer their own grades, potentially reshaping how token risk is assessed industry-wide. Analyst inference

Affected assets

• DEFI — DeFi

Evidence

• news.bitcoin.com