Tough markets favour the winners – at least at first. Our historical analysis of leading DeFi protocols shows that short-term uncertainty tends to benefit the largest players, as liquidity and activity consolidate into the top protocols. Over the past weeks, the top 5 DEXs and top 5 lending protocols have increased their share of the market, underscoring this short-term resilience. But looking across longer drawdowns, dominance often erodes, with newer protocols gradually finding their niche and gaining ground even in difficult conditions. Explore the data here: https://sentora.com/research/dashboards/crypto-dominance(Sentora (previously IntoTheBlock))