Forgd
@Forgd_
In-house software, proprietary data, and deep advisory expertise to support blockchain projects.
319 Following 7.8K Followers
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.
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Introducing the DefiLlama Market Maker Performance Index Leaderboard, built with @Forgd_.
40+ institutional liquidity providers graded by:
→ Depth
→ Volume
→ Spread
→ KPI adherence
→ Uptime & exchange coverage
Traders and token issuers can access transparent data in the most comprehensive dashboard of its kind.
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“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.
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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 👇
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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 👇
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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 👇
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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 👇
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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:
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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
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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! 👇
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Shane Molidor (@MolidorShane), Founder & CEO of @Forgd_, breaks down which market makers are dominating crypto right now and why picking based on past performance can completely backfire in this cycle.
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Why do so many token launches still go wrong?
Forgd founder @MolidorShane joined @jacqmelinek on Talking Tokens to discuss the structural problems behind poor launch outcomes, from opaque market-making agreements to weak founder visibility into execution and liquidity performance.
Listen here:
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Today's @_TalkingTokens pod is with @MolidorShane, founder and CEO of @Forgd_ diving into:
- Why TGEs need an overhaul
- IPOs vs token launches
- Top performing market makers
- Their plans to bring more transparent data-driven tools and fairer tools to the market and more.
TIMESTAMPS
00:00 – Intro
01:06 – State of token launches months after crypto's all-time highs
02:03 – Structural gaps bull markets hide: who is getting hurt and how
05:23 – Why IPOs are engineered and crypto launches are improvised
06:56 – Should crypto adopt IPO-style book building and will it happen
08:41 – Is now a good time to launch a token? The double-edged sword argument
10:27 – Tools Forgd is seeing increased demand for right now
12:30 – How Forgd's benchmarking tool works: 600 engagements, 35+ market makers
15:43 – How reputation plays into market maker selection and what changes it
17:46 – Why data-driven RFQs are replacing legacy voice brokerage
21:39 – Why Shane built Forgd after running a trading desk and seeing the gap firsthand
26:51 – Top performing market makers on the leaderboard right now
29:35 – How founders say the historical data has changed their decision making
30:43 – Forgd's 2026 roadmap: exchange listing tools, tokenomics simulations, and AI
33:40 – Exchange listing strategy: what the data says about Binance vs OKEx vs Coinbase
39:30 – How institutional demand for new launches has collapsed and what teams are doing instead
42:22 – What the actual solution looks like: rethinking fundraising and book building
44:57 – Final advice: use data, not gut instinct, when selecting market makers
Full episode below:
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Today's pod is with @MolidorShane, founder and CEO of @Forgd_
We talk why crypto token launches keep failing, how data-driven market maker selection beats gut instinct, the collapse of institutional demand, and what a real fix to the launch process looks like.
Links below
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Every successful token launch follows the same four-phase path:
Tokenomics → Market Makers → Exchange Strategy → Liquidity & Launch Underwriting
Start with supply & demand design — distribution, emissions, utility — everything else builds on that 👇
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Waiting for the perfect launch window is a mistake.
So is rushing when markets heat up.
Preparation — not timing — is what determines launch success 👇
You only get one shot at primary centralized exchange listings.
Before TGE, listings are narrative-driven.
After TGE, they're KPI-driven — price performance, volume, liquidity.
Miss those metrics early, and you could lock yourself out of major centralized exchanges 👇
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Market makers shouldn't differentiate on promises — but proof.
Not just KPIs, but historical performance data that shows who actually delivers over time.
@Forgd_ brings transparency to this process with real tracking tools — and a market maker leaderboard 👇
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Transparency isn't the default in Web3 — because hiding can still pay.
Projects won't disclose unless incentives change.
But without transparency, investors can't make informed decisions — and institutions stay away.
Sunlight isn't optional. It's the unlock for real adoption 👇
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Too many strong projects lose to exchanges, market makers, and launch mechanics — not because of weak fundamentals, but weak go-to-market strategy.
@Forgd_ exists to fix that: Tokenomics design, market maker engagement, exchange strategy, liquidity optimization, and post-TGE performance — all under one roof, free to use 👇
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Forgd Founder @MolidorShane is joining @CryptoAmerica_ today to discuss the fragile state of crypto markets, and recent insider trading allegations across the industry. Tune in here:
Jane Street Scrutiny, DeFi Bill Buzz, and Latest on Clarity
