Morpho Dominates $11.3B Curated DeFi Market with 69% Control

A recent report by vaults.fyi reveals that the curated DeFi market has grown to $11.29 billion, with five top curators controlling a whopping 69% of the total value locked (TVL).

The survey found that the top five curators manage nearly two-thirds of the measured market, raising concerns about the concentration of risk among depositors.

Morpho leads the pack with 46.2% of curated capital, followed by Concrete, Sentora, Usual, and Steakhouse Financial.

The report also highlights the growth of Morpho's market share, which has expanded to $3.71 billion across 25 largest stablecoin vaults, with bitcoin backing 54.1% of lending.