Castle Labs ๐ฐ
@castle_labs
Digital Asset Research & Advisory
๊ฐ์
August 2022
1.1K ํ๋ก์ ์ค 15.4K ํฌ
Crypto is a winner-takes-all industry.
Across most categories, the top 2 protocols capture >80% of revenue.
In some categories, such as Stablecoin issuers, this number reaches 98.6%.
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