DefiLlama data shows that over the past week, DeFi protocols’ revenue returned to token holders (Holders Revenue) has been concentrated among a small number of projects, with the top ten protocols accounting for more than 80% in total. Among them, Hyperliquid ranks first with about $12.3 million, representing roughly 43.9%; Pump is second with about $3.5 million, accounting for about 12.6%; and protocols such as Aerodrome, Uniswap, and Chainlink are also among the top performers. Holders Revenue refers to the value returned to token holders through mechanisms such as token buybacks, burns, or distributing profits to stakers.