Top five chains have dominated more than 90% of the market for a decade: analysis

Jamie Kurtz, founder of Helio Analytics, said the top five chains have continued to account for more than 90% of the overall market in terms of revenue and activity over the past decade since Ethereum emerged, arguing the winner-take-all dynamic is unlikely to reverse and will strengthen further through compounding.

Kurtz also cited Real Vision founder Raoul Pal as saying on-chain activity is concentrated on a small number of chains, and those networks are becoming the settlement layer for the next phase, in which billions of AI agents transact at machine speed.

Source: Coinness