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<h4>EigenLayer’s Total Value Locked (TVL) surged by an impressive $1 billion hours after it temporarily took off its staking cap.</h4>The Ethereum-based protocol announced on Monday, February 5th, that it would remove the 200,000 Ether per-protocol staking cap until February 9th.Exploring the Reasons Behind EigenLayer’s TVL BoomThe protocol explained that the move was part of its plans to invite organic demand to the network. EigenLayer added that the move paves the way for the eventual elimination of staking caps in the future.For more about this article click <a href="https://www.altcoinbuzz.io/cryptocurrency-news/eigenlayer-see-massive-surge-in-tvl-heres-why/" rel="noopener noreferrer nofollow">here-</a>

EigenLayer Sees Massive Surge in TVL. Here’s Why

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