Unknown
77 companies assessed. 65 of them, 84.4%, sit in the two least protected bands, against 53.3% across all 10,525 companies assessed.
This group is a grab-bag of businesses, contact centers, freight haulers, crypto protocols, cybersecurity vendors, insurtechs, but the same pattern shows up almost everywhere. Companies with a thin moat and a repeatable service, call center seats, DEX liquidity, bridge volume, generic middleware, are getting out-executed by someone with more capital, more liquidity, or a native AI feature that does the same job for less. Thirty-nine of the eighty companies here are already losing its protection and thirty-two face high pressure right now, so this isn't a slow drift, it's happening across freight (Team Global Express, Annto), crypto infrastructure (Osmosis, Yearn, Puffer, Axelar), and services (Bell24, Elite Education). The survivors share one thing: a reason customers can't just walk to a cheaper or faster alternative. Gold.com has six decades of trust and licensing. Jupiter Exchange sits on real Solana volume nobody else routes as well. ANE Logistics owns 38,000 depots a rival can't replicate overnight. Everyone else is competing on a feature or a price that a bigger player can copy in a quarter. The one dynamic deciding this sector is concentration: capital, liquidity, and AI-native tooling are pooling into a handful of leaders in each niche (Jito, Kamino, OpenSea, LayerZero, Anthropic's own agents), and the long tail of similar-looking competitors is being squeezed out not by one killer but by the accumulated weight of everyone else moving faster.
Every company in Unknown is listed in the A to Z index and in its sector league.
- which crypto DeFi protocols are losing market share fastest
- Raydium lost about 90% of meme-coin graduation volume to PumpSwap, Yearn Finance's TVL fell from around $500M to $215-310M since January 2026, and Solend (Save) now holds roughly a tenth of Kamino Lend's total value locked.
- is GMX still competitive in on-chain perpetuals
- No, GMX is being dwarfed by Hyperliquid, which handles over 70% of on-chain perps volume and roughly $245B in 30-day volume against GMX's roughly $2.8B.
- which logistics companies are most at risk from AI and automation
- Bell24 faces pressure from AI voicebots replacing call-center labor, while Team Global Express and Annto Logistics face pressure less from AI directly and more from bigger rivals like Australia Post and JD Logistics competing for the same contracts.
- are liquid staking protocols like Rocket Pool losing ground to Lido
- Yes, Lido holds roughly 50-62% of liquid staking share versus Rocket Pool's 3.7%, and Lido's permissionless staking module now competes directly in Rocket Pool's one differentiated niche.
- what happens to smaller cross-chain bridge protocols like Axelar and Connext
- Both face high pressure as LayerZero and Circle absorb volume and talent; Circle's acquisition of Axelar's own developer team in December 2025 is a direct example.
- which insurtech and insurance platforms are holding up well
- Slide Insurance and Fuse show moderate to strong moat scores, though Fuse faces pressure from better-funded rivals Qoala and PasarPolis shipping faster with no comparable funding since 2021.
- Whether Raydium's share of Solana DEX volume stabilizes or keeps losing ground to Orca and PumpSwap
- Whether Beacon College/Elite Education reports enrollment drops tied to free AI tutoring pilots
- Whether Yearn Finance's TVL keeps falling below the $215M mark