TVL concentration (top-10 wallet share)

Concrete'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 #

Ethereum chain holds 86.54% of total TVL ($857.7M of $991M). Single-day 4x TVL jump on 2025-02-14 (from $139M to $598M) indicates likely whale-concentration. Wallet-level depositor concentration across 40+ vault contracts not computed in this session. Yellow: chain-level concentration is high and the step-change pattern is a strong circumstantial whale indicator; wallet-level data gap confirmed.

Sources #

Internal
Concrete data cache — TVL daily series step-change00-data-cache.json sources.defillama.tvl_daily[]: ts 1739404800 ($598M) vs ts 1739318400 ($139M) — 4x jump in 24hretrieved 2026-05-17
URL
DefiLlama API — Concrete chain breakdownDefiLlama API chains: Ethereum $857.7M (86.54%), Stable $70.6M (7.12%), Berachain $49.9M (5.03%), Arbitrum $13.0M (1.31%)retrieved 2026-05-17

Methodology #

Compute the percentage of protocol TVL held in the top-10 depositor addresses.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol concrete factor RD-F-064 score yellow collected_at 2026-05-17 14:36:59