According to Lorenzo Valente, an analyst at ARK Invest, the crypto industry is entering its biggest consolidation phase in history. This is due to revenue becoming increasingly concentrated among a handful of crypto protocols.
This concentration of revenue is expected to set the stage for more mergers, acquisitions, and exchange closures, as smaller players may struggle to compete with the larger, more established protocols.
This analysis is based on reporting from CoinTelegraph, which highlights the potential impact of consolidation on the crypto industry.