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The TVL of the EigenLayer platform has exceeded $15 billion amid the expansion of the ecosystem

Forklog / 23.04.2024 / 10:38
The TVL of the EigenLayer platform has exceeded $15 billion amid the expansion of the ecosystem

The volume of funds blocked in the EigenLayer restaking protocols reached $15.13 billion. The developers have lowered the entry limits and integrated new services. 

TVL EigenLayer. Data: DeFi Llama.

On April 9, the project team launched the main restaking platform and the beta version of the EigenDA data availability level on the Ethereum mainnet.

After the main stage of implementation, the developers implemented several updates. The last of them lowered the minimum staking threshold for EigenDA operators from 320 ETH to 96 ETH. 

1/ We've lowered min stake for EigenDA operators from 320 -> 96 ETH! What's this mean for you?

Operators: Lower barrier to secure EigenDA
Restakers: Consider delegating to operators with <1000 ETH to improve decentralization!
Rollups: Better performance w/a larger operator set

— EigenLayer (@eigenlayer) April 17, 2024

Prior to that, EigenLayer announced the introduction of rollups at the availability level. Among the added services are AltLayer, Brevis, Eoracle, Lagrange, Witness Chain and Xterio.

Accelerate Rollup Deployment with EigenDA's RaaS Marketplace -- @dabit3

Teams are launching high performance, low cost rollups on EigenDA. This post looks at @alt_layer @conduitxyz @Calderaxyz and @gelatonetwork to learn how to build your own rollup!https://t.co/L9wSyal0vM

— EigenDA (@eigen_da) April 13, 2024

Having caused a stir before the launch of the main network, EigenLayer also attracted Google, Coinbase and HashKey as protocol operators.

In a publication on April 22, representatives of the project noted that after the launch of the mainnet, users blocked over 2.2 million ETH. A significant part of the assets came from the Renzo restaking protocol. 

The delegation momentum is going strong!

2.2M of restaked ETH has been delegated on EigenLayer since the mainnet launch.

Thanks to users and LRTs like Renzo for leading the way.

Delegate here: https://t.co/nPg305AtJN https://t.co/5veDsrQrFT

— EigenLayer (@eigenlayer) April 22, 2024  

Despite the high popularity of the platform, the developer of DEX 3Jane with the nickname Chudnov warned about a potential crisis in the profitability of EigenLayer.

Earlier, experts studied the impact of restaking on Ethereum's on-chain metrics. 

Recall that in February, the EigenLayer team raised $ 100 million in funding from Andreessen Horowitz, and the co-founder of the project, Sriram Kannan, announced that there were no plans to issue a native token.

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