EigenLayer reaches $6.99 billion TVL and ranking fourth among restaking protocols.
The TVL has increased by 307% in the past one month.
EigenLayer, 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 JustLend, 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 DefiLlama. The protocol’s TVL started to rise on Feb. 5, when it temporarily lifted its staking cap to encourage organic growth, as per an official announcement.
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.
Restaking Protocols Gain
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