- Sharp Increase in EigenLayer's TVL
- Rise in TVL Among Other Ethereum Restaking Protocols
- Growth Dynamics of Symbiotic and Karak
Ethereum restaking platform EigenLayer has attracted investor attention by reaching a total value locked (TVL) of $12.9 billion. This substantial increase has resulted from the rising interest in Ethereum-based staking activities and Actively Validated Services (AVS) rewards.
Sharp Increase in EigenLayer's TVL
According to data from IntoTheBlock, a crypto data analytics company, EigenLayer's TVL surged by 11% in one week, from $11.6 billion to $12.9 billion. The growth has been significantly influenced by the interest in AVS rewards and Ethereum-based staking. In the restaking process, crypto owners can earn extra rewards by securing actively validated services (AVS).
Rise in TVL Among Other Ethereum Restaking Protocols
The total value locked in Ethereum restaking protocols also recorded a $1.2 billion increase from $13.3 billion on August 8th to $14.5 billion. On June 12th, Eigen Labs, the development firm behind EigenLayer, acquired Rio Network to utilize its liquid restaking token technology.
Growth Dynamics of Symbiotic and Karak
Symbiotic, a new entrant in the Ethereum restaking ecosystem, reached $1.57 billion in locked assets on August 16th, according to Defillama. Like EigenLayer, Symbiotic's holdings are mainly comprised of wrapped-stripped ETH (WSTETH), accounting for 63% of the protocol's TLV. Karak, another new member of the restaking ecosystem, also recorded significant growth, hitting $826 million in TVL, with its wrapped Ether holdings representing 27% of the total locked assets.
The EigenLayer platform continues to lead among Ethereum restaking protocols. Other ecosystem participants also show significant growth, confirming the trend towards increased activity in the restaking segment.
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