$STO Steakhouse has built a massive lead inside Morpho’s curator ecosystem, now managing roughly $1B more than the next largest vault curator after having almost no gap a year ago.

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That tells me users are increasingly concentrating around curators with stronger distribution, risk management reputation, and institutional trust.

$MORPHO Morpho’s model is becoming less about raw protocol mechanics and more about who users trust to allocate capital safely at scale.

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