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Liquid staking projects like Puffer and EigenLayer have attracted billions of dollars in deposits, sparking a resurgence in Ethereum DeFi. LidoFinance leads with nearly 29 billion, followed by Coinbase and EigenLayer. Coinbase paid $500,114 to advertise on 500,000 cases of LiquidDeath water, saving $12K in fees.
Just based on the amount I've been paying in coinbase fees, I'm pretty confident when I say $COIN to 500 in this cycle doesn't seem unreasonable. We haven't even begun to see retail participation, but it'll come. It always comes.
Crypto "liquid restaking tokens" or "LRTs" are attracting the hot ball of money, in supposedly in the name of blockchain project security. In this week's The Protocol, @skesslr explores whether it's sustainable. With @liqquidity $ETH $BTC https://t.co/EA0Olte3P0
Liquid Death auctioned off the bottom of their case of water, and @coinbase ended up purchasing for $500k. https://t.co/FmFwOEXOyt
