Ethereum

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investment-surge-sweeps-projects-tied-to-staking-protocol-eigenlayer">Investment Surge Sweeps Projects Tied to Staking Protocol EigenLayer</a><br></p>
<p style="text-align: justify"> Venture capital firms have recently ramped up their investment efforts in projects associated with the staking protocol EigenLayer. Ether Fi, a staking protocol with a valuation exceeding a billion dollars, made headlines by securing $27 million in funding from over 95 investors, including prominent names like Bullish and CoinFund. This infusion of capital highlights the growing confidence in EigenLayer-connected enterprises. </p> 
<h2 id="rising-confidence-in-eigenlayer-s-potential">Rising Confidence in EigenLayer’s Potential</h2> 
<p style="text-align: justify"> Mike Silagadze, CEO of Ether Fi, revealed that while the goal was to raise $15 million, the venture attracted enough interest to potentially secure $40 million. EigenLayer, created by Eigen Labs, is at the forefront of a re-staking service enabling capital to support <a href="https://en.bitcoinhaber.net/strategic-perspectives-on-crypto-market-analyst-highlights-potential-entry-points-amidst-bitcoin-etf-expectations">Ethereum</a> and other protocols at the same time, considered by many as a breakthrough for the Ethereum ecosystem. This innovation aims to make launching new protocols more secure, cost-effective, and streamlined. </p> 
<p style="text-align: justify"> DefiLlama, a blockchain data analytics firm, reported that the value of assets invested in EigenLayer nearly quintupled over the past month, nearing $10 billion. Such vigorous growth has positioned EigenLayer as the third-largest entity in decentralized <a href="https://en.bitcoinhaber.net/public-crypto-companies-outperform-bitcoin-in-2023">finance</a>, marking a notable achievement for a project less than a year old. </p> 
<h2 id="venture-capital-s-renewed-commitment-to-crypto">Venture Capital’s Renewed Commitment to Crypto</h2> 
<p style="text-align: justify"> Eigen Labs recently celebrated a $100 million investment from Andreessen Horowitz, while AltLayer, a protocol established on EigenLayer’s framework, raised over $14 million in February. Data from DefiLlama suggests that more than a quarter of February’s venture capital in crypto was allocated to EigenLayer-related projects. Despite a downturn in venture capital funding for crypto projects in 2023, interest appears to be rebounding, with firms re-engaging in the sector. </p> 
<p style="text-align: justify"> The past year saw crypto ventures garner $6.2 billion, a step down from 2022’s $22 billion. The industry faced a challenging phase between May and September, with June being the sole month to attract upwards of $400 million in funding.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/investment-surge-sweeps-projects-tied-to-staking-protocol-eigenlayer">Investment Surge Sweeps Projects Tied to Staking Protocol EigenLayer</a></h5>

Investment Surge Sweeps Projects Tied to Staking Protocol EigenLayer

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