Introducing Universal Token Ratings (UTR) from @Forgd_ and @DefiLlama 📊📈 A new framework for evaluating digital assets across two fundamental dimensions: Disclosures + Performance. Here’s how UTR works — and why we built it. 🧵

Market maker performance is now a public metric. Traders have always been able to analyze volume, TVL, fees, and unlocks. The firms actually providing a token's liquidity remained a black box. Our Market Maker Leaderboard is now live on @DefiLlama, offering standardized data on spreads, depth, uptime, and execution quality, drawn from 500+ token projects and 35+ market-making firms. Liquidity is only as reliable as the firms behind it. Now you can check.

“The best builders treat a TGE the same way traditional companies treat an IPO.” We asked @MolidorShane (founder of @Forgd_) what it takes for @solana founders to execute a successful token launch.

Forgd is the culmination of years of lessons learned — what works, what doesn't, and how projects can avoid the mistakes that derail token launches. That playbook now exists as advisory services and free-to-use software, giving blockchain projects the tools they need to launch successfully and optimize performance post-TGE 👇

One of the biggest mistakes founders make is FOMOing into launch prep once markets turn hot. Tokenomics design, market maker engagement, exchange negotiations, liquidity, and launch underwriting can't be compressed into a last-minute sprint. Preparation always shows in performance 👇

Institutional demand for many new token launches is still extremely weak. A lot of projects already raised heavily at bull market highs — meaning VC and institutional exposure was largely filled long before TGE. Now, many early investors are thinking about exits, not deploying fresh capital 👇

What Forgd is building for market making looks a lot like the shift from voice brokerage to electronic trading. Market maker request for quotes become transparent, competitive, and data-driven — market makers benchmark proposals against one another in real time, while the strongest historical performers naturally rise to the top 👇

Crypto market making is entering its "Evidence Era."📄 We’re excited to announce that Amber Group has joined @Forgd_ to bring radical transparency to liquidity provision. Choosing a market maker based on reputation and "vibe checks" are no longer acceptable for sophisticated projects. As markets mature, execution quality must be verifiable.🛡️ By joining Forgd, we’re making our historical market-making data accessible and standardized for the first time. Why does this matter? Most market makers look great during Launch Week. But what happens when volatility hits or trading normalizes? Forgd’s platform allows projects to see our institutional-grade execution throughout the entire lifecycle of a token. 🏦 We’re also supporting Forgd’s new data-driven RFQ process. ⛓️ This levels the playing field for firms that price realistically and manage risk carefully, discouraging the "aggressive bidding" that hurts markets in the long run. Transparency isn’t just a feature—it’s a commitment to market integrity. How are we raising the bar for our "One Amber" ecosystem? Find out here: ambergroup.io/news/detail/am…

Most token launches don't fail at launch. They fail 6 months before it, when teams choose a market maker based on reputation instead of performance data. Once liquidity looks fragile on day one, recovery is almost impossible. Forgd built a dataset across 500+ token projects and 35+ market-making firms to prove exactly why, and what separates launches that hold from ones that collapse. We sat down with Scott Byron, Managing Director at @Forgd_, to get into all of it. 00:00 Intro: Scott Byron, Managing Director at Forgd 01:22 What Forgd is and the problem it solves 03:33 Why market maker data has been a black box 06:42 The two engagement structures every founder needs to know 10:16 Why 2025 was brutal for altcoin launches 14:05 Why failed launches almost never recover 21:35 How to spot fragile liquidity at launch 27:20 CEX vs DEX: why you need both 34:24 What it takes to succeed in 2026 38:09 Forgd's market maker leaderboard

Reputation in market making is shifting from relationships to results. The old model was dinners and sales desks. The new model is quantifiable metrics and historical performance — just like how projects evaluate top crypto exchanges! 👇