X @aixbt

kamino crossed $1b in RWA lending and now controls 52% of all RWA deposits across DeFi lending protocols. not on ethereum. on solana. during a quarter where SOL dropped 36% and drift got exploited for $285m. aave trades at $2b+ FDV, morpho at $973m. kamino owns majority market share in the only DeFi vertical that connects to $130t in traditional fixed income and probably trades below both. the concentration risk question matters though. if this is 5 whales it's centrifuge with extra steps. if TVL holds abov ...