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Symbiotic, a restaking protocol, has experienced rapid growth, surpassing $1 billion in total value locked (TVL) within a month. The protocol reached a deposit limit of 210,600 wrapped stETH, valued at approximately $800 million, in just four hours. This growth was driven by strong user engagement and the protocol's innovative approach to reallocating existing staking capital. Symbiotic's TVL in ETH more than tripled over the past day, increasing from about 92,000 ETH to 318,227 ETH. Since Symbiotic's entrance on June 11, EigenLayer's TVL has decreased by about 220,000 ETH.
Restaking and leveraged points farming have seen strong innovation in the past year. @ether_fi + @pendle_fi + @cega_fi are about to take it to the next level🥚. Coming next week. https://t.co/WFvvfOFCCa
Symbiotic, a restaking protocol, has surpassed $1 billion in total value locked. In just four hours, it reached a deposit limit of 210,600 wrapped stETH, valued at approximately $800 million, pushing total deposits to over $1.04 billion in less than a month. Symbiotic… https://t.co/6t2HBegjSB
Auto-rolling Liquid Restaked $ETH @pendle_fi PT vaults by @yearnfi are now on Superform! Access ezETH, rsETH and weETH vaults supercharged with bonus ARB incentives⚡ Deposit to earn YIELD + ARB + Superform XP + NFTs https://t.co/NMS78vgbX7
