EigenLayer has become the fourth largest protocol by total value of locked up funds (TVL), surpassing cryptocurrency lending protocol JustLend.
EigenLayer’s TVL increased 5.73% to $6.99 billion on February 15, with the restaking protocol’s TVL increasing 47.95% over the past seven days and 307% over the past month. followInformation from DefiLlama
EigenLayer’s TVL started increasing on February 5th after the protocol temporarily removed the Stake Cap. The goal is to create incentives for organic growth. followOfficial announcement
And during this new time frame, EigenLayer’s TVL increased more than 181% to $6.05 billion on February 10 from just $2.15 billion on February 5.
Interest in staking protocols began to increase in January. Shortly after EigenLayer surpassed $1 billion in TVL on December 28, 2023, with a total of 108,574 depositors in the protocol as of February 15.followAccording to Dune and EigenLayer, EigenLayer currently holds more than 1.52 million Ether tokens.
refer : cointelegraph.com
picture coinwire.com
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