DefiLlama, a DL News sister company, has released an AI tool that allows users to analyse live crypto data using plain-language queries.

The product, LlamaAI, is a large language model in the mold of OpenAI’s ChatGPT or Anthopic’s Claude.

“LLMs excel at understanding language,” Patrick Scott, head of revenue and growth at DefiLlama, told DL News. “We’ve now given them something even more valuable: a direct line to real, up-to-date blockchain data.”

LlamaAI translates users’ plain-language prompts into a “structured query,” which it then runs against DefiLlama’s dataset.

DefiLlama tracks 469 blockchains, more than 6,400 protocols, and nearly 20,000 liquidity pools. While its data remains free, advanced analytics tools, including LlamaAI, are only available to LlamaPro subscribers.

Example queries include “Which day of the week is best to buy Bitcoin?” and “Who’s winning the perp DEX wars?”

DefiLlama’s pseudonymous head, 0xngmi, said the company has been working on LlamaAI for the past year.

“I previously tested AI products, found them underwhelming and never tried them again,” 0xngmi wrote on X. “Didn’t want it to happen to us, so we’ve been refining it for a year till we were proud of it.”

0xngmi told DL News the team has implemented several guardrails to limit “hallucinations” — events in which an LLM produces faulty information.

“We made it so it spits out data to minimize the chance of any hallucinations, and we also fine tuned it extensively to avoid them, but it could happen,” he said.

“In any case, we added source tracking so it’s possible to verify all statements made by the AI.”

Scott shared additional example queries, such as “Identify protocols with growing revenue and TVL, but declining token prices,” and “Create a scatter plot of market cap vs revenue.”

0xngmi said users should expect updates to the product over time.

“The launch is just the start,” he said.

Aleks Gilbert is DL News’ New York-based DeFi correspondent. You can reach him at aleks@dlnews.com.