{"id":"tp-19290","type":"article-newspaper","title":"DeFi’s $8 Billion Revenue Masks Reliance on Leverage and Fee Concentration","author":"Token Post","publisher":"TOKENPOST Inc.","url":"https://www.tokenpost.com/news/insights/19290","datePublished":"2026-03-26T00:25:05.000Z","dateModified":"2026-03-26T00:25:05.000Z","language":"en","abstract":"DeFi generated about $8 billion in 2025 revenue, but Vadym’s analysis shows earnings remain concentrated in AMM fees and leverage-driven lending rather than sustainable demand.","section":"Insights & Views","references":[]}