LST markets? They're brutal winner-takes-most arenas. And right now, one protocol is quietly dominating Monad's landscape.

FastLane Labs has locked down 3.16% of all circulating $MON—a staggering footprint this early. But here's the kicker: their liquid staking token, shMON, controls 76% of the entire LST market. That's roughly triple the combined share of every other competitor.

When one player holds three-quarters of the pie while everyone else fights over crumbs, you're watching market consolidation in real time.