DefiLlama, one of the most trusted sources for decentralized finance (DeFi) data, just dropped an exciting update on X (formerly Twitter). They're now tracking PrimeFi, a fresh omnichain lending and borrowing platform. This means users can dive into real-time metrics for PrimeFi across multiple blockchains, including Base, Hyperliquid L1, and XDC. If you're into DeFi or meme tokens that thrive on cross-chain liquidity, this is a big deal—let's break it down.

Understanding PrimeFi: The Omnichain Lending Game-Changer

PrimeFi, developed by Prime Numbers Labs, is built to tackle a common headache in DeFi: fragmented liquidity. In simple terms, liquidity refers to how easily assets can be bought, sold, or lent without big price swings. Traditionally, DeFi apps are siloed on single blockchains, making it tricky to move funds around efficiently.

PrimeFi changes that with its omnichain design. "Omnichain" means it operates seamlessly across different blockchains, thanks to tech like LayerZero for cross-chain messaging. You can deposit collateral on one chain and borrow assets on another, all without the usual hassles of bridging. Launched in September 2025 on Hyperliquid EVM (a high-performance layer-1 blockchain), Base (Coinbase's Ethereum layer-2), and XDC (a hybrid blockchain focused on enterprise use cases), PrimeFi aims to connect these ecosystems.

According to DefiLlama's data, PrimeFi's total value locked (TVL)—that's the total amount of assets deposited into the protocol—sits at around $566,299 as of now. It's split across the chains: about $121k on Base, $107k on Hyperliquid L1, and $24k on XDC, with borrowed amounts totaling $253k. The protocol's native token, PRFI, is trading at $0.10, with a market cap of $1.18 million.

For blockchain enthusiasts and meme token traders, this opens up new ways to leverage assets. Imagine borrowing against your meme coin holdings on Base to trade on Hyperliquid without selling—PrimeFi makes that possible, potentially boosting liquidity for volatile assets like memes.

Why DefiLlama's Tracking Matters

DefiLlama isn't just any analytics site; it's open-source and transparent, aggregating data from hundreds of protocols to give you the full picture of DeFi TVL, yields, and more. By adding PrimeFi, they're shining a light on emerging omnichain projects, helping users spot opportunities early.

This integration lets you monitor PrimeFi's growth directly on DefiLlama's protocol page. Want to check out PrimeFi yourself? Head over to their official site or dive into the docs for details on borrowing eligibility, cross-chain collateral, and how it all works with LayerZero's omnichain fungible token standard.

Potential Impact on Meme Tokens and DeFi

While PrimeFi is primarily a lending platform, its cross-chain features could indirectly benefit the meme token space. Meme coins often live on chains like Base or Solana, where liquidity can dry up fast. By unifying pools across networks, protocols like PrimeFi might help stabilize borrowing rates and provide more capital for meme-related DeFi activities, like liquidity farming or leveraged trades.

Of course, as with any DeFi protocol, do your own research—PrimeFi doesn't list any audits on DefiLlama yet, so proceed with caution. Keep an eye on updates from DefiLlama and PrimeFi's X account for the latest.

If you're building or trading in the blockchain world, tools like this are gold. Stay tuned to Meme Insider for more insights on how DeFi innovations are shaping the meme token landscape and beyond.