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List of Protocols That Control the Capital in Crypto

  • Stablecoin issuers like Tether and Circle dominate the chart, controlling over 60% of the total capital in crypto.
  • Aave leads in DeFi lending with $36.5 billion, while Lido Finance tops liquid staking with $23.2 billion.
  • Credit markets and staking infrastructure are major areas where capital is concentrated in the crypto ecosystem.
  • Decentralized exchanges (DEXs) and other categories like derivatives and asset management tools form a smaller but essential part of the ecosystem.

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