Is DeFi still exclusive to whales? The top 5 addresses account for over 40% of total supply

According to analysis by DeFi Italy co-founder and CryptoLab digital asset investment director Simone Conti, token supply in most decentralized finance (DeFi) projects is not widely distributed. Data he collected from DeFi Pulse and Etherscan shows that nearly 90% of tokens in almost all DeFi projects are held by the top 500 addresses. In three projects, this number even rises to 99%.