DefiLlama, a blockchain data analytics platform, has hit a rough patch as its team members have split over disagreements on the launch of its native token.
The platform had hinted at a possible token giveaway after hitting a trading volume of $5 billion. However, some employees rejected the plan, labeling it “fraudulent.”
This disagreement led to a division within the team, with one employee, going by the name 0xngmi, alleging that the platform’s founders were pushing for the token launch without proper support.
0xngmi also revealed that an anonymous person controlling the website and Twitter account was promoting the token.
Despite these claims, Llama Corp, the parent company, has denied any issues within the team and described 0xngmi’s actions as independent.
The company is now looking to settle the matter privately. However, confusion reigns among the DefiLlama community, with some members suspecting the platform has been hacked after a link to 0xngmi’s statement was posted on Discord.
DefiLlama is the leading Total Value Locked aggregator for DeFi, with over 10 million addresses available for analysis.
The dispute within the team could harm the platform’s reputation and potentially jeopardize its future work. BeInCrypto has also compiled a list of five other services that can be used for on-chain analytics besides DefiLlama.