EigenLayer TVL hits $12.9 billion and surges 11% in one week
Share link:In this post: EigenLayer ranks first in the restaking ecosystem with a TVL of $12.9 billion. The Ethereum staking platform’s TVL surged 11% from $11.6 billion a week ago. Other staking protocols, such as Symbiotic and Karak, also grew significantly.
EigenLayer, an Ethereum restaking platform, topped the restaking ecosystem after hitting a TVL of $12.9 billion. According to data from IntoTheBlock, a crypto data analytics company, the TVL surged by 11% in one week from $11.6 billion.
Ethereum restaking platform EigenLayer recently became a honeypot for investors. The platform’s total value locked surged 11% from $11.6 billion to $12.9 billion in the past week, according to data from IntoTheBlock.
The growth has been significantly influenced by the growing interest in Ethereum-based staking activities and Actively Validated Services (AVS) rewards. Ethereum restaking involves the repurposing of Ether to improve capital efficiency.
During the restaking process, crypto owners also secure actively validated services (AVS) and bear the possibility of earning extra rewards.
EigenLayer, alongside other ETH restaking protocols, records an upsurge in TVL
The total value locked in Ethereum restaking protocols also recorded an upsurge of $1.2 billion from $13.3 billion on August 8th to $14.5 billion. On June 12th, Eigen Labs, the development firm behind the creation of the EigenLayer restaking protocol, acquired Rio Network in a bid to outsource Rio’s liquid restaking token technology.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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