Ten DeFi protocols captured 87% of holder revenue, with Hyperliquid alone taking 38.4% of distributions.
Key takeaways
- DeFi promises broad participation, but the latest holder-revenue data points to a much narrower reality: ten protocols captured 87% of all value returned to to...
- That concentration was led by Hyperliquid, which generated $53.5 million in holders revenue, equal to 38.4% of total DeFi distributions, according to Crypt...
- DeFi Promised Broad Value Creation, but Holder Revenue Is Clustering Fast
- The cleanest read of the data is uncomfortable: DeFi value accrual is not broadly distributed. It is concentrated in a few protocols with strong fee engines and clear ...
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Canonical source: https://mlxio.com/crypto/defi-protocols-revenue-hyperliquid
