# DefiLlama Introduces Universal Token Ratings Dashboard

*Author: Bankless*
*Published: Aug 27, 2026*
*Source: https://www.bankless.com/read/news/defillama-introduces-universal-token-ratings-dashboard*

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Today, DefiLlama went live with [Universal Token Ratings](https://defillama.com/universal-token-rating), a continuously updated scoring system built with token launch advisory platform Forgd that reduces each token to a single 0-100 score and a AAA-to-CCC letter grade. More than 100 tokens are rated so far.

## **What's the Scoop?**
- **The math:** Every token gets two separate 0-10 scores: Disclosure (team and leadership, tokenomics, vesting, legal and treasury structure, service-provider engagements) and Performance (liquidity depth, spreads, volume, exchange coverage, derivatives conditions, market-maker adherence). The final grade comes from multiplying them together rather than averaging. A project can't paper over weak market performance with clean disclosures, and it can't out-trade a lack of transparency either.
- **Who built it:** DefiLlama partnered with Forgd, a platform that helps projects design tokenomics, vet market makers, and manage exchange listings around a token launch, to source the roughly 40 inputs feeding each score. DefiLlama says the ratings update continuously as onchain events, unlocks, new listings, and market-maker mandate changes happen.
- **Early leaderboard:** Uniswap opened at the top with a AAA grade, the only one on the board so far; Meteora, Curve DAO, and others followed at AA. On the flip side, some of the lowest CCC scorers at the time of writing included Collector Crypt, Olympus, and PancakeSwap.
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