EigenLayer, a big player in Ethereum staking, just hit a new high. Its total value locked (TVL) soared to nearly $6 billion. This happened after they said “no more limits” to deposits for a bit.
A Leap in the EigenLayer
In just five days, EigenLayer’s TVL jumped to $5.95 billion. That’s three times what it was before! Now, it’s one of the top five protocols by TVL. It’s even ahead of Uniswap and others like Spark and Compound.
Most of the money comes from big chunks of stETH, swETH, and mETH. Together, these are worth about $3.5 billion. EigenLayer doesn’t have its own coin. Instead, it uses a special market where validators help keep things safe. They lock up their ETH to do this.
Lifting the cap on how much you can put in was a big move. It was done to make things fair for everyone. Amitej Gajjala from Kelp DAO thinks this is great. It means more chances for people to join in and more growth.
“It’s a glimpse into what the EigenLayer mainnet launch can look like and the future interaction between restakers and AVSs,” Gajjala added.
Also read: Arthur Hayes’s Ether.fi Hits $1 Billion Milestone
This change gives us a peek at what’s coming for EigenLayer. It’s all about making things better for people who stake their coins. This big jump in TVL shows how important and exciting the world of Ethereum staking is getting.
