Ethereum

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/surge-in-investments-for-eigenlayer-linked-projects/" data-wpel-link="internal">Surge in Investments for EigenLayer-Linked Projects</a><br></p>
<p class="p1" style="text-align: justify"><strong>EigenLayer</strong>-linked projects find it increasingly easier to gather substantial investments from venture capital firms. The staking protocol Ether Fi, notable for its billion-dollar valuation, managed to make a splash last week by announcing it had raised a total of 27 million dollars from more than 95 investors, including Bullish, CoinFund, and the founders themselves.</p> 
<h2 class="p1" style="text-align: justify" id="intense-interest-in-eigenlayer">Intense Interest in EigenLayer</h2> 
<p class="p1" style="text-align: justify">CEO Mike Silagadze stated that Ether Fi initially hoped to raise 15 million dollars but ended up with investors ready to commit a total of 40 million dollars. Eigen Labs, the company behind the <strong>EigenLayer</strong> protocol, is pioneering a re-staking service that allows the same capital to secure <a href="https://en.coin-turk.com/ethereum-outperforms-bitcoin-amid-etf-approval-speculations/" data-wpel-link="internal">Ethereum</a> and various other protocols simultaneously.</p> 
<p class="p1" style="text-align: justify">Supporters describe this as one of the most exciting developments in Ethereum, potentially making the launch of new protocols safer, cheaper, and easier. Re-staking protocols like Ether Fi facilitate the redirection of users’ Ethereum or Ethereum-based projects to EigenLayer.</p> 
<p class="p1" style="text-align: justify"><a href="https://coin-turk.com/arjantin-merkez-bankasindan-kritik-blockchain-hamlesi" data-wpel-link="internal">Blockchain</a> data analytics platform <strong>DefiLlama</strong>‘s data indicates that the value of crypto assets invested in EigenLayer increased nearly fivefold last month and is now approaching 10 billion dollars. This growth has made the protocol the third-largest in the decentralized finance space, a rapid rise for a project that launched less than a year ago.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-322371 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/eigenlayer.png" alt="" width="1210" height="678"></p> 
<h2 class="p1" style="text-align: justify" id="venture-capital-and-the-crypto-space">Venture Capital and the Crypto Space</h2> 
<p class="p1" style="text-align: justify">Recently, <strong>Eigen Labs</strong> announced receiving an investment of 100 million dollars from Andreessen Horowitz. AltLayer, a protocol built on EigenLayer, announced on February 19 that it had raised over 14 million dollars.</p> 
<p class="p1" style="text-align: justify">According to DefiLlama’s data, investments in crypto for February saw over a quarter of all venture capital funds directed to projects related to EigenLayer. Venture capital firms are showing increased interest in the crypto space following a decline in fund investments in 2023.</p> 
<p class="p1" style="text-align: justify">Investors put 6.2 billion dollars into crypto projects last year, down from 22 billion dollars in 2022. The period from May to September was particularly bleak: June was the only month the industry managed to attract more than 400 million dollars.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/surge-in-investments-for-eigenlayer-linked-projects/" data-wpel-link="internal">Surge in Investments for EigenLayer-Linked Projects</a></h5>

Surge in Investments for EigenLayer-Linked Projects

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