TVL concentration (top-10 wallet share)
Aerodrome Finance's assessment for RD-F-064 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
TVL depositor concentration not quantifiable (Dune Analytics 403; no on-chain wallet enumeration accessible). veAERO whale concentration is structurally confirmed: Hypersphere Ventures deployed ~1.76M AERO over 7 days (documented 2026); ve(3,3) gauge-voting flywheel means large veAERO holders direct emissions to self-serving pools, creating LP concentration incentive. Yellow scored on structural plausibility rather than confirmed data; the gauge-vote flywheel is a well-documented mechanism for concentration. Data gap flagged for production pipeline.
Sources #
- URLAerodrome Finance Price Recovers as Supply Tightens Amid Strong Base Chain FundamentalsAinvest report on whale AERO accumulation and supply concentrationretrieved 2026-05-04
- Aerodrome Finance SPECIFICATION.mdAerodrome SPECIFICATION.md — ve(3,3) gauge-voting flywheel mechanism describedretrieved 2026-05-04
Methodology #
Compute the percentage of protocol TVL held in the top-10 depositor addresses.
See the full factor methodology and distribution across all protocols →