I have covered DeFi governance since its inception, and the ECB just proved what on chain analysts suspected for years: decentralization is a lie in plain numbers. Four major protocols including Aave and Uniswap were analyzed, and the top 100 wallets control over 80% of governance tokens in each one.

When a handful of wallets control voting rights, you have no real voice in the protocols holding your money. The best crypto to buy now is the one that protects you at the contract level before you interact, not the one that gives you a governance token controlled by someone else. 

Pepeto raised more than $8 million with the Binance listing confirmed, and from my research, the same pattern that produced Pepe’s $11 billion run is forming…