EigenLayer, an Ethereum re-staking protocol, saw a surge in its total value locked (TVL), reaching nearly $240 million.
EigenLayer closed the second round of re-staking deposits yesterday, resulting in a spike in its total value locked.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.EigenLayer, an Ethereum re-staking protocol, saw a surge in its total value locked that is now reaching nearly $240 million.
The increase came shortly after the platform’s second round of deposit caps for liquid staking assets such as stETH, rETH and cbETH were filled quickly yesterday. EigenLayer's primary function is to re-stake ether and the aforementioned liquid staking tokens to secure other blockchain networks. Stage 1 of EigenLayer wasa re-staking limit of 100,000 ETH , which was quickly met after it was temporarily opened, leading to the cessation of new deposits for the assets.
With this, the protocol’s assets grew substantially from $78 million to now hold assets worth $238 million, according to
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