The full worth of locked funds within the EigenLayer restaking protocol exceeded $15.1 billion.
In keeping with DefiLlama, the undertaking crew lifted restrictions on pool limits, which precipitated a noticeable improve in whole worth locked (TVL). This determine was $11 billion firstly of March, rising by $4 billion in lower than two months.
Supply: DeFiLlama
EigenLayer’s TVL nonetheless must be improved to achieve Lido Finance’s liquid staking protocol, which sits at $29.6 billion.
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In April, EigenLayer reached 115,000 distinctive customers, in accordance with Dune Analytics. In early April, the protocol introduced the launch of the mainnet and launched performance for operators and restakers. Customers now have entry to a number of new options. As well as, this 12 months, the builders promised to launch intra-protocol funds.
Asserting: EigenLayer ♾ EigenDA Mainnet Launch pic.twitter.com/bTp5BfnsKE
— EigenLayer (@eigenlayer) April 9, 2024
EigenLayer founder Sreeram Kannan stated the protocol will increase the utility of Ethereum and offers financial safety to the asset.
Our aim is to make @eigenlayer ultimately permissionless on the staking belongings.
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When any asset may be staked, what asset *will* be staked?
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– There’s a widespread false impression that decrease volatility belongings are higher. Is USDC the bottom volatility asset then?… https://t.co/YOrPlgprtB— Sreeram Kannan (@sreeramkannan) April 15, 2024
Kannan, an assistant professor on the College of Washington, developed the protocol in 2021. It’s primarily based on Ethereum and permits clients to withdraw cryptocurrency and lengthen crypto safety to new community purposes reminiscent of bridges and oracles.
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