EigenLayer’s platform for 'restaking' is designed to extend Ethereum’s pooled security from ETH stakers to other blockchain systems – a way for developers to bootstrap new networks without having to create their own communities of network validators.
In a sign of demand for the protocol, the project has repeatedly raised its staking capacity, and the caps keep getting hit right away.
EigenLayer saw its total value locked – the value of tokens deposited on the protocol – quadruple to about $90 million in about two days after it announced on July 12 an increase in its restaking capacity for liquid staking tokens to 45,000, according to the tracking websiteWithin the first day, its limit for stETH and rETH – Lido and RocketPool’s liquid staking tokens – was reached, with cbETH, Coinbase’s staked ETH, hitting its capacity the next day, highlighting the enthusiasm of crypto...
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