It's been a few years since the DEFI buzzword popped up and projects like DEXs, bridges, staking services, borrowing services and more launched on different chains, pretending to be open services.

The truth is they are just a bunch of tech companies, the most decentralized DeFi sector is DEXs, where only four projects control 54% of market share. While sectors like liquid stakers control 90% of that sector lol

DEFI is such a joke!

https://protos.com/at-most-four-services-control-the-majority-of-any-defi-sector/