How one DeFi monopoly created a risky feedback loop with only a $460M backstop

Aave now controls 51.5% of the DeFi lending market share, the first time any protocol has crossed the 50% threshold since 2020. The milestone arrives not through competitor collapse but through steady accumulation: Aave's $33.37 billion in total value locked sits atop a $64.83 billion lending category that has consolidated around a single liquidity hub. […] The post How one DeFi monopoly created a risky feedback loop with only a $460M backstop appeared first on CryptoSlate.