TVL concentration (top-10 wallet share)
Uniswap (v2 + v3)'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 #
Chain-level: Ethereum holds 68.7% of combined $2.74B TVL. Multi-chain spread across Base (14.5%), Arbitrum (8.3%), BSC (3.7%) mitigates. Wallet-level top-10 share not determinable (Dune 403, NonfungiblePositionManager enumeration not performed). AMM LP structure structurally disperses depositor concentration. Yellow for Ethereum majority concentration.
Detail #
Ethereum combined TVL: $821.92M (V2) + $1,062M (V3) = $1,883.92M = 68.7% of $2,744M total. Base: $398.41M (14.5%). Arbitrum: $229.08M (8.3%). BSC: $101.05M (3.7%). No single chain >90% (red threshold). V3 LP positions are ERC-721 NFTs tracked in NonfungiblePositionManager — per-position accounting disperses concentration. V2 LP positions are ERC-20 pool tokens distributed across thousands of pool pairs. Dune Analytics returned 403 via WebFetch; top-10 wallet-share enumeration not performed. Yellow per proxy: Ethereum majority concentration at 68.7% is notable but not extreme.
Sources #
- URLDefiLlama — Uniswap V2 chain breakdownDefiLlama V2 chain breakdown — Ethereum $821.92M (84.9%), Base $114.53M (11.8%)retrieved 2026-05-12
- DefiLlama — Uniswap V3 chain breakdownDefiLlama V3 chain breakdown — Ethereum $1.062B (59.8%), Base $283.88M (16%), Arbitrum $221.35M (12.5%)retrieved 2026-05-12
Methodology #
Compute the percentage of protocol TVL held in the top-10 depositor addresses.
See the full factor methodology and distribution across all protocols →