Restaking Trend, TVL EigenLayer Reached 3 Billion USD

The restaking trend is on the rise as EigenLayer's TVL continues to reach an all-time high (ATH) of 3 billion USD, and the platform is temporarily removing the old staking limits for each protocol.

Restaking Trend, Tvl Eigenlayer Reached 3 Billion Usd_65d5e34a215d3.webp

EigenLayer continues to raise the ceiling for depositing LST tokens into the platform. Under this adjustment, each portfolio is allowed to restake up to 200,000 new tokens. The participation period for this activity extends from today until February 9th.

In parallel, EigenLayer introduces three new liquid staking tokens (LST), including sfrxETH (Frax Finance), mETH (Mantle), and LsETH (Liquid Collective).

Restaking is a prevailing trend, with the concept of reusing staked ETH for applications on other platforms such as Data Availability (through the EigenDA product branch) and network validation for new establishments (via AVS). Despite its straightforward mechanism, restaking proves to be significantly capital-efficient, making DeFi more accessible to users.

Another restaking project built on EigenLayer and backed by Binance Labs, attracting considerable attention, is Puffer Finance. Despite its recent launch on February 2nd, Puffer Finance quickly rose to the fourth position in terms of TVL.

Alongside the surge in restaking, some developers caution that EigenLayer’s “security sharing” model may lead to network congestion or overload, especially with the upcoming Dencun upgrade on Ethereum.

Related: Ethereum Completes Dencun Upgrade on Sepolia Testnet

TVL EigenLayer

After expanding the restaking limits for two hours, over 1 million Ethereum (ETH) has flowed into the platform, elevating EigenLayer’s accumulated TVL to 3 billion USD. As of now, EigenLayer’s TVL stands at 3.2 billion USD, marking a 1 billion USD increase within the past 24 hours.

LyQQayqqcryoQAAAAAAAAAAAAAAAAAAz86OTTb0M9v846cAA

Source: Defillama

(100 votes)

5.0/5

(100 votes)

Latest

Crypto Market Surpasses $4 Trillion, Overtakes Microsoft Amid Policy Boost

News | Altcoin | Bitcoin | Editor Choice

Crypto Market Surpasses $4 Trillion, Overtakes Microsoft Amid Policy Boost

The cryptocurrency market has surpassed $4 trillion in market capitalization for the first time, overtaking Microsoft, driven by supportive U.S. policies and a surge in investments from both individuals and institutions.

Xrp Explodes, Whale Moves Spark Bullish Momentum

News | Altcoin | Editor Choice

XRP Explodes, Whale Moves Spark Bullish Momentum

XRP’s open interest has surged by over 18%, accompanied by a spike in derivatives volume and a golden cross in the MVRV ratio, fueling investor expectations of a major upcoming price breakout.

Xrp Reaches New Peak After 7 Years Of Waiting

Altcoin | Editor Choice

XRP Reaches New Peak After 7 Years of Waiting

This morning, Ripple (XRP) officially reached a new peak at $3.60, becoming the third-largest cryptocurrency in the market.

Wintermute Reports No More Eth Available For Sale Via Otc

Altcoin | Editor Choice

Wintermute Reports No More ETH Available for Sale via OTC

Wintermute has reported that the amount of ETH sold through OTC has run out, indicating impressive buying activity from institutions targeting Ethereum.

Ethereum Surges 47% In A Month, Eyes $10k Price Target

News | Altcoin | Editor Choice

Ethereum Surges 47% in a Month, Eyes $10K Price Target

Ether has surged 47% in a month to approach the $3,600 mark, buoyed by booming ETF inflows and growing optimism over dovish monetary policy, reinforcing the bullish case for the world’s second-largest cryptocurrency.