The decentralized finance (DeFi) sector is experiencing significant revenue concentration, with the top 10 protocols generating 87% of all holders revenue over the past month, according to DefiLlama data. Hyperliquid leads the pack, contributing $53.5 million, or 38.4% of the total revenue. Following closely are edgeX and Pump.fun, with revenues of $23.3 million and $22.9 million, respectively, together accounting for over 71% of the total. These protocols, primarily operating in perpetual futures, derivatives, and memecoin markets, benefit from high trading volumes that drive substantial fee revenue. This revenue is then distributed back to token holders through mechanisms like buybacks and staking payouts. The remaining seven protocols in the top ten share the leftover 16% of holders revenue, highlighting the disparity within the DeFi ecosystem. The dominance of these platforms underscores a DeFi landscape heavily reliant on speculative trading. While this model currently yields significant returns for token holders, it also poses risks, as any major disruptions could have widespread impacts across the sector.