- EigenLayer’s weekly ETH deposits doubled.
- EigenLayer’s total value locked (TVL) soared to $1.67 billion at press time.
While spot ETFs, real-world assets (RWA), layer-2 solutions, and other popular narratives dominate crypto-related talks these days, slowly but surely a lesser-known category was catching up – Ethereum [ETH] restaking protocols.
Increase in native ETH on restaking protocols
A significant increase in native ETH deposits into restaking protocols was observed over the last week, according to on-chain analytics firm TK Research.
As per the post dated 15th of January, the biggest beneficiary was EigenLayer, with a weekly boost of 168K ETH, more than doubling from the previous week.
EtherFi came a distant second with an influx of 14.45K ETH, marking an increase of nearly 28%. Renzo Protocol witnessed a jump of 4.5K ETH, equating to an impressive 55% rise.
Combined, the three protocols attracted around 186.5K ETH in deposits. As per prevailing market prices, this amounted more than $470 million of ETH locked into premier restaking projects.
A relatively young concept, restaking allows ETH stakers to participate in validating new software modules developed on top of the Ethereum ecosystem.
Put simply, the same ETH staked on the Ethereum network can be repurposed to extend security to other applications. The security, therefore, gets shared across the ecosystem.
Note that apart from staking ETH natively, validators also have an option of staking liquid derivatives (LSDs) from Lido, Rocket Pool, and Coinbase.
Moreover, validators earn extra yield in return as the staked ETH is used for securing additional applications.
Is your portfolio green? Check out the ETH Profit Calculator
EigenLayer leads the away
EigenLayer, the largest restaking protocol, saw a sharp surge in deposits since its mainnet launch in June last year. However, the growth has been meteoric over the past month. Total value locked (TVL) logged a 6x jump to $1.67 billion.
The surge followed a raise in the protocol’s restaking limit to 500,000 ETH from the previous 120,000 ETH.
Source: DeFiLlama
- EigenLayer’s weekly ETH deposits doubled.
- EigenLayer’s total value locked (TVL) soared to $1.67 billion at press time.
While spot ETFs, real-world assets (RWA), layer-2 solutions, and other popular narratives dominate crypto-related talks these days, slowly but surely a lesser-known category was catching up – Ethereum [ETH] restaking protocols.
Increase in native ETH on restaking protocols
A significant increase in native ETH deposits into restaking protocols was observed over the last week, according to on-chain analytics firm TK Research.
As per the post dated 15th of January, the biggest beneficiary was EigenLayer, with a weekly boost of 168K ETH, more than doubling from the previous week.
EtherFi came a distant second with an influx of 14.45K ETH, marking an increase of nearly 28%. Renzo Protocol witnessed a jump of 4.5K ETH, equating to an impressive 55% rise.
Combined, the three protocols attracted around 186.5K ETH in deposits. As per prevailing market prices, this amounted more than $470 million of ETH locked into premier restaking projects.
A relatively young concept, restaking allows ETH stakers to participate in validating new software modules developed on top of the Ethereum ecosystem.
Put simply, the same ETH staked on the Ethereum network can be repurposed to extend security to other applications. The security, therefore, gets shared across the ecosystem.
Note that apart from staking ETH natively, validators also have an option of staking liquid derivatives (LSDs) from Lido, Rocket Pool, and Coinbase.
Moreover, validators earn extra yield in return as the staked ETH is used for securing additional applications.
Is your portfolio green? Check out the ETH Profit Calculator
EigenLayer leads the away
EigenLayer, the largest restaking protocol, saw a sharp surge in deposits since its mainnet launch in June last year. However, the growth has been meteoric over the past month. Total value locked (TVL) logged a 6x jump to $1.67 billion.
The surge followed a raise in the protocol’s restaking limit to 500,000 ETH from the previous 120,000 ETH.
Source: DeFiLlama
clomid price walmart where can i buy clomiphene tablets can i buy cheap clomid price buying cheap clomid without prescription get cheap clomid without insurance where to get generic clomid no prescription cost clomiphene without a prescription
This is the kind of delivery I recoup helpful.
This is the amicable of serenity I get high on reading.
order zithromax 500mg pills – ofloxacin drug metronidazole canada
buy rybelsus no prescription – semaglutide over the counter periactin pills
motilium uk – cyclobenzaprine 15mg canada flexeril 15mg without prescription
augmentin without prescription – atbio info generic ampicillin
brand nexium 20mg – https://anexamate.com/ order nexium generic
buy coumadin generic – coumamide losartan canada
order mobic 7.5mg online – relieve pain order meloxicam 15mg pill
deltasone 5mg pills – https://apreplson.com/ prednisone 10mg oral
best ed pills online – fastedtotake cheap erectile dysfunction pills