{"id":14136,"date":"2024-06-06T15:52:38","date_gmt":"2024-06-06T12:52:38","guid":{"rendered":"https:\/\/forklog.com\/en\/eigenlayers-tvl-surpasses-20-billion\/"},"modified":"2024-06-06T15:52:38","modified_gmt":"2024-06-06T12:52:38","slug":"eigenlayers-tvl-surpasses-20-billion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/eigenlayers-tvl-surpasses-20-billion\/","title":{"rendered":"EigenLayer’s TVL Surpasses $20 Billion"},"content":{"rendered":"

The total value locked (TVL) in the liquid restaking protocol EigenLayer has reached $20.1 billion, according to DeFi Llama<\/a>.<\/p>\n

\"DefiLlama-DeFi-Dashboard-Google-Chrome-2\"
Source: DeFi Llama.<\/figcaption><\/figure>\n

The project is second only to the Lido Finance platform, which has a TVL of $36.7 billion.<\/p>\n

EigenLayer allows the locking of liquid staking tokens from other protocols to secure third-party blockchains. The team launched the mainnet<\/a> on April 9. Prior to this, the solution operated in testnet mode.<\/p>\n

The project’s popularity surged in early February following the removal of deposit limits and the expansion of the pool ecosystem. At that time, TVL rapidly increased to $3.8 billion<\/a>.<\/p>\n

\"EigenLayer-Daily-Total-Value-Locked-\"
Source: The Block Data.<\/figcaption><\/figure>\n

A significant influx of assets occurred after the team revealed plans in April for the distribution of the native EIGEN token.\u00a0<\/p>\n

However, the proposed airdrop faced criticism<\/a> from the community for its heavy focus on investors, lengthy vesting period, and regional restrictions, leading to a temporary outflow of funds.<\/p>\n

\"EigenLayer-Daily-Total-Net-Flows-Google-Chrome\"
Source: The Block Data<\/a>.<\/figcaption><\/figure>\n

Over the past 30 days, EigenLayer’s TVL has increased by more than 30%, primarily due to a 24% rise in Ethereum’s price during this period (CoinGecko<\/a>).<\/p>\n

Despite the service’s high popularity, DEX developer 3Jane, known as Chudnov, warned<\/a> of a potential yield crisis at EigenLayer.<\/p>\n","protected":false},"excerpt":{"rendered":"

The total value locked (TVL) in the liquid restaking protocol EigenLayer has reached $20.1 billion, according to DeFi Llama. Source: DeFi Llama. The project is second only to the Lido Finance platform, which has a TVL of $36.7 billion. EigenLayer allows the locking of liquid staking tokens from other protocols to secure third-party blockchains. The […]<\/p>\n","protected":false},"author":1,"featured_media":14135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1262,1263],"class_list":["post-14136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-eigenlayer","tag-restaking"],"aioseo_notices":[],"amp_enabled":true,"views":"39","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14136"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14136\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14135"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}