EigenLayer’s Cap Lift Prompts $4 bn Inflow as ETH Restaking Heats Up
EigenLayer, a liquid restaking platform, has become the fifth largest protocol in decentralized finance (DeFi) after $4.3 billion in fresh inflows over the past 10 days.
The increase in inflows is attributed to EigenLayer’s removal of its staking cap on February 5 and the closure of the liquid restaking window on February 10.
The protocol now has 469,870 wrapped ether tokens worth $1.9 billion locked on it, and $2.7 billion worth of staked ether.
This surge in total value locked (TVL) is mirrored across the DeFi sector, with the total amount of capital locked on DeFi protocols standing at $71.2 billion, the highest point since June 2022.
(With inputs from Shikha Singh)
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