LST markets tend to be winner-takes-most, and FastLane Labs is pulling ahead early on Monad. The protocol now holds 3.16% of the entire circulating $MON supply, while its LST, shMON, commands a 76% market share roughly three times larger than all other LSTs combined.
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LST markets tend to be winner-takes-most, and FastLane Labs is pulling ahead early on Monad. The protocol now holds 3.16% of the entire circulating $MON supply, while its LST, shMON, commands a 76% market share roughly three times larger than all other LSTs combined.