Liquid Restaking Protocols Reach $8.6 Billion in TVL

On April 1, the total value locked (TVL) in liquid restaking protocols reached a new high, surpassing $8.6 billion (DeFi Llama).

At the time of writing, the figure had adjusted to $8.2 billion.

Projects based on EigenLayer, which allow for the reuse of staked Ethereum, have shown explosive growth since February.

The TVL of the segment leader, Etherfi, increased by over 61% in the past 30 days, reaching $3.2 billion.

Renzo, ranking second with a TVL of $2.2 billion, exhibited an even more impressive growth of 173% over the period.

Puffer Finance and Kelp DAO follow with TVLs of $1.2 billion and $723 million, respectively.

The volume of funds locked directly in EigenLayer approached $12 billion. The project ranks second among DeFi protocols, trailing Lido by nearly threefold.

Back in February, the EigenLayer team secured $100 million in funding from Andreessen Horowitz, and co-founder Sriram Kannan stated there were no plans to launch a native token.