The curated DeFi lending vault market has reached $9 billion in TVL, with a marked concentration around three major players. Steakhouse Financial, Sentora, and Gauntlet collectively control 75.9% of the sector, representing approximately $5.46 billion. These curated vaults show 51% year-over-year growth, while the broader DeFi lending market contracted by 36% over the same period. Stablecoins dominate the top curators’ assets, with USDC accounting for 43.8% of their holdings, totaling $2.81 billion. Sentora recently launched a new vault on the Morpho protocol in early August 2026, demonstrating active expansion by dominant players.
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