DeFiLlama: DeFi yields are highly concentrated, with the top 10 protocols accounting for 87% of the share
BlockBeats news, on May 16, DefiLlama's latest data shows that over the past month, revenue distributed by DeFi protocols to token holders has exhibited a significant concentration trend—the top 10 protocols account for about 87% of total revenue.
Among them, leading protocols such as Hyperliquid, edgeX, and Pump contributed the main sources of revenue. There is a clear gap in the proportion attributed to individual protocols, showing a typical "power law distribution" structure.
Analysis points out that DeFi earnings are increasingly concentrating in top protocols, while the share of revenue held by small and medium-sized protocols continues to shrink, intensifying the industry's Matthew effect.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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