
EigenLayer's total value locked (TVL) has surpassed $10 billion, marking a significant milestone for the decentralized finance (DeFi) sector. This achievement represents a tenfold increase from its previous TVL of $1.1 billion year-to-date. The surge in EigenLayer's TVL has been attributed to the increase in ether deposits, totaling 2.93 million ETH, through liquid restaking protocols and the overall price appreciation of Ethereum, which recently surpassed $3,500. Notably, 91% of $ETH is "in the money", reflecting positively on the sector. EigenLayer has now become the second-largest project in DeFi by TVL, with over $11.2 billion, trailing closely behind the sector's leader. Additionally, the DeFi sector as a whole has witnessed substantial growth, with its total TVL breaking the $100 billion mark for the first time since May 2022. This growth is partly due to the emergence of a new DeFi category, liquid restaking, which has seen its TVL grow from $300 million to $5.5 billion this year.
The new $5bn world of liquid restaking on Ethereum offers extra yields and extra risks https://t.co/UUEjB4uKfH
DeFi TVL breaks $100 billion for first time since May 2022 https://t.co/1tPVNrRTxe
.@eigenlayer is now the second-largest project in DeFi with over $11.2 billion in TVL https://t.co/vbBHhOWFxS




