EigenLayer’s Whole Worth Locked (TVL) elevated to just about $6 billion.
The bounce represents a 170% enhance from $2.15 billion since February fifth. Defilama data. This enhance quantities to roughly 2.3 million ethers, or roughly 2% of the entire circulating provide of ethers.
The surge in TVL has propelled EigenLayer into the highest 5 defi protocols for TVL, putting it forward of Uniswap and trailing solely giants corresponding to Lido, Maker, Aave, and JustLend.
This important enhance follows EigenLayer’s choice to briefly elevate the deposit cap, which was beforehand set at 200,000 Ether ($500 million) for every Liquid Staking token.
The transfer is a part of a broader technique to ultimately take away these caps altogether and foster a “permissionless, impartial surroundings whereas fostering decentralization,” with EigenLayer addressing important calls for. We purpose to strengthen and incentivize participation with the prospect of reward factors and potential Aigen token airdrop rewards.
EigenLayer, a protocol that facilitates the deposit and re-staking of Ether through liquid staking tokens, supplies customers with the chance to earn further rewards whereas supporting the safety of third-party networks.
Since its early phases in June 2023, EigenLayer has expanded its liquidity staking token providing with contributions from main staking tasks and a $50 million Sequence A funding spherical led by Blockchain Capital in March 2023. It has expanded.
