DeFi Value Reaches $100 Billion—Yet Six Major Players Dominate Crypto Holdings
DeFi’s total value locked (TVL) has surpassed $100 billion, reaching $101.42 billion as of Sunday. Lido leads the pack with $31.1 billion, followed by Aave with $16.4 billion and Eigenlayer with $13.4 billion.
These platforms, along with others like Ether.fi, Sky, and Uniswap, dominate the DeFi space, with the top six holding a combined $81.26 billion—80% of the total TVL. While this concentration benefits major players, it also introduces risks.
A failure in any of these large platforms could impact the broader DeFi ecosystem, highlighting the need for resilience as the sector continues to grow.
Clever Robot News Desk 12th November 2024
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