Lido Staked ETH

when

<ul>
 <li>EigenLayer reaches $6.99 billion TVL and ranking fourth among restaking protocols.</li>
 <li>The TVL has increased by 307% in the past one month.</li>
</ul>
<a href="https://thenewscrypto.com/eigenlayers-tvl-skyrockets-to-6b-amidst-lifting-of-deposit-limits/" target="_blank" rel="noopener noreferrer nofollow">EigenLayer</a>, a protocol that allows validators and stakers to restake liquid staking derivative tokens on Ethereum, has witnessed a massive growth in its total value locked (TVL), reaching $6.99 billion on Feb. 15. EigenLayer has overtaken <a href="https://portal.justlend.org/" rel="noopener noreferrer nofollow">JustLend</a>, a cryptocurrency lending protocol, and become the fourth-largest restaking protocol by TVL.
EigenLayer’s TVL has increased by 47.95% in the past week and 307% in the past month, according to data from <a href="https://defillama.com/protocol/eigenlayer" target="_blank" rel="noopener noreferrer nofollow">DefiLlama</a>. The protocol’s TVL started to rise on Feb. 5, when it temporarily lifted its <a href="https://thenewscrypto.com/eigenlayer-temporarily-lifts-staking-cap-witnesses-1b-surge-in-tvl/" target="_blank" rel="noopener noreferrer nofollow">staking</a> cap to encourage organic growth, as per an official announcement.&nbsp;
During this period, EigenLayer’s TVL jumped from $2.15 billion on Feb. 5 to $6.05 billion on Feb. 10, a 181% increase. The protocol has since applied a new staking cap, but plans to remove it permanently in the future.
<h3 class="wp-block-heading" id="h-restaking-protocols-gain-popularity">Restaking Protocols Gain Popularity</h3>
Users can restake liquid staking derivative tokens, such as Lido Staked ETH and RocketPool’s rETH, on other networks to secure and validate them, using restaking protocols like EigenLayer. These tokens can also generate more yield by deploying them in other DeFi protocols.&nbsp;
According to DefiLlama, liquid staking is the biggest protocol category with $42.69 billion in TVL, while restaking protocols rank sixth with $6.99 billion in total TVL.
EigenLayer has attracted a lot of interest from Ethereum validators and stakers. According to an X post by Brianna Montgomery, the strategy lead at EigenLayer, one out of every four Ethereum validators have set their withdrawal credentials to EigenPod in the 30 days leading up to Feb. 9.
EigenLayer’s TVL crossed $1 billion on Dec. 28, 2023, triggering a spike in interest in staking protocols in January. The protocol has over 1.52 million Ether tokens and 108,574 depositors as of Feb. 15, based on data from Dune.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/u-s-sec-faces-backlash-as-debt-box-challenges-case-dismissal/" rel="noopener noreferrer nofollow">U.S SEC Faces Backlash as DEBT Box Challenges Case Dismissal</a>

EigenLayer Seen 307% Surge, Ranks 4th in Restaking Protocols

목차

TheNewsCrypto

2024년 2월 15일에 게재된 다른 기사

Campaign Ad Regulatory Bill Advances – Senate Approves AI Disclosure Mandate

Grayscale Expands Altcoin Funds Amid Bitcoin ETF Outflows

Bitcoin Soars to Historical Highs Against Global Currencies

Most Trending Cryptos on Ethereum Chain Today – Mind, Smog, TAO Inu

Minu Price Prediction: MINU Soars 59%, But Analysts Say This Presale With 100X Potential Might Be...

Blockchain Adoption: CitiBank Trials Tokenization Of Private Equity Funds On Avalanche

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!