DefiLlama data on Q3 puts basis-trading protocol Axis on top with $57.3M TVL, followed by Robinhood Chain DEX Fables at $44M.

Risk curators are the biggest group: Syntetika ($15.5M), NEMO Trading ($15.3M), SharpByte Capital ($11.8M) and Presto ($3.3M) all run vaults. Agua, an onchain capital allocator on Monad and Ethereum, holds $16.5M. Two of the 12 run on Robinhood Chain.