TVL concentration (top-10 wallet share)
PancakeSwap'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 #
99.67% of TVL on BSC (BNB Chain) — a single-chain concentration that would cascade near-total protocol TVL in any BSC-level systemic event. Top-10 LP wallet share not precisely quantifiable (on-chain scan not available via WebFetch; Dune returns 403). Governance vote concentration documented: 8 addresses locked ~25M CAKE before Tokenomics 3.0 vote (April 2025), representing approximately half of then-unlocked supply — demonstrates that governance token concentration translates to economic parameter control.
Sources #
- URLPancakeSwap Faces Governance Controversy as 25 Million CAKE Tokens Locked — ainvest.comPancakeSwap governance controversy — 25M CAKE locked by 8 addresses pre-voteretrieved 2026-04-28
- PancakeSwap's CAKE Price Surge as Whale Buying Intensifies — banklesstimes.comWhale accumulation and BNB Chain concentration reportingretrieved 2026-04-28
- PancakeSwap TVL chain breakdown — DefiLlama APIDefiLlama API chain breakdown: Binance 99.67% ($1.727B), all others <0.33%retrieved 2026-04-28
Methodology #
Compute the percentage of protocol TVL held in the top-10 depositor addresses.
See the full factor methodology and distribution across all protocols →