DefiLlama and Forgd Launch Universal Token Ratings for Digital Assets

DefiLlama and Web3 investment bank Forgd announced Universal Token Ratings on August 26, a rating system for digital assets modeled on Moody's and Fitch frameworks. According to Odaily, the system currently covers 128 assets, uses ratings from AAA to CCC, and is updated regularly based on real-time market data.The UTR dashboard shows Uniswap (UNI) as the only asset with an AAA rating. Meteora (MET), Curve DAO (CRV), Raydium (RAY), Olexchange (O), Jito (JTO), ether.fi (ETHFI), Dogecoin (DOGE), Zama (ZAMA), and Pyth Network (PYTH) received AA ratings.DefiLlama research head Ryan Celaj said ratings calculated from real-time market data can help users identify projects in a standardized way. Forgd founder and CEO Shane Molidor said UTR ratings must be maintained continuously, and newly issued tokens at their Token Generation Event will initially receive a temporary rating.