EigenLayer TVL exceeds $15b after lifting restrictions on pool limits

24Apr

EigenLayer TVL exceeds $15b after lifting restrictions on pool limits

By World , , 0 Comments

The total value of locked funds in the EigenLayer restaking protocol exceeded $15.1 billion.

According to DefiLlama, the project team lifted restrictions on pool limits, which caused a noticeable increase in total value locked (TVL). This figure was $11 billion at the beginning of March, increasing by $4 billion in less than two months.

EigenLayer TVL exceeds $15b after lifting restrictions on pool limits - 1
Source: DeFiLlama

EigenLayer’s TVL still needs to be improved to reach Lido Finance’s liquid staking protocol, which sits at $29.6 billion.

In April, EigenLayer reached 115,000 unique users, according to Dune Analytics. In early April, the protocol announced the launch of the mainnet and introduced functionality for operators and restakers. Users now have access to several new features. In addition, this year, the developers promised to launch intra-protocol payments.

EigenLayer founder Sreeram Kannan said the protocol increases the utility of Ethereum and provides economic security to the asset.

Kannan, an assistant professor at the University of Washington, developed the protocol in 2021. It is based on Ethereum and allows customers to withdraw cryptocurrency and extend crypto security to new network applications such as bridges and oracles.

What’s your Reaction?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
Post Views: 25

Share this post

Author

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

28Dec

Over 80% crypto discussions on Reddit were positive in 2023, data shows

Redditors appear to have an enthusiastic view toward cryptocurrencies, as 84% of... read more

22Feb

Thai PM drives daughter’s tiny electric hatchback to EV board meeting

BANGKOK: Prime Minister Srettha Thavisin drove his daughter’s yellow hatchback electric car... read more

29Sep

Tough issues to clear for start of EU membership talks with Ukraine -PM Orban

BUDAPEST (Reuters) - Hungarian Prime Minister Viktor Orban said on Friday that... read more

13Jan

US appeals court upholds tribunal decisions in Apple-Masimo patent dispute

A U.S. appeals court on Friday upheld two earlier decisions by a... read more

30Oct

7-Eleven Thailand BANS Plastic Bags Starting January 2020!

Saving our planet starts with every little step. Don’t think “how is... read more

26Apr

US SEC postpones decision on spot Bitcoin ETF options

The U.S. SEC has again postponed its decision on applications for spot... read more

23Dec

Mali recalls its envoy in Algeria after alleging interference, deepening tensions over peace efforts

Malian authorities say the West African nation has recalled its ambassador in... read more

05Apr

Grindery unlocks one-click payments for 800m Telegram users

Grindery, backed by Binance Labs, aims to simplify digital asset transactions on... read more

25Oct

Russian TV presenter says sorry but faces probe for call to drown Ukrainian children

A Russian TV presenter apologised on Monday (Oct 24) for calling for... read more

21Jul

Yang Yang’s Make Out Scene In New Drama Shows Tap Running At Full Blast, Viewers Awash With Anger

In Chinese heartthrob Yang Yang’s latest drama Fireworks of My Heart, the 31-year-old has... read more