Ethereum's EigenLayer Rolls Out, $12B Restaked, 27% of ETH Now Staked

The Ethereum restaking protocol, EigenLayer, has fully rolled out, removing deposit caps on all ETH liquid staking tokens. EigenLayer, now the third largest DeFi protocol, oversees over 4 million restaked ETH, valued at approximately $12 billion. Additionally, the Layer 2 (L2) native restaking feature has attracted over $700 million in ETH security. This feature allows users to restake ETH on platforms like Arbitrum, Base, BNB Chain, LineaBuild, and ModeNetwork without needing to bridge ETH or incur high mainnet gas fees. This initiative is supported by Renzo and Connext. Furthermore, currently, 27% of all Ethereum, amounting to $98 billion, is staked, indicating a significant interest in the cryptocurrency's investment potential. Over 14.3% of the staked ETH or Liquid Staking Tokens (LSTs) are now restaked. Renzo Protocol, leveraging Connext, has generated over $500 million in additional Total Value Locked (TVL) since the launch of chain abstracted user experiences.