5% of Staked ETH Is Now Controlled by Liquid Restaking Protocols
- The TVL of liquid staking protocols rose above $8.3 billion.
- Ether.fi is leading the charge with $3.27 billion in TVL.
- Restaking protocols now control 5% of staked ETH.
Liquid restaking protocols have witnessed a surge in popularity amid the crypto market resurgence in the past few months. These protocols now control almost 5% of staked Ether (ETH), marking a shift in the dynamics of the sector.
As per the data highlighted by the pseudonymous decentralized finance (DeFi) researcher who goes by the X username @hildobby_, most of the ETH was staked in 2024, a year that has been quite positive for the digital asset ecosystem.
According to the data from DefiLlama, the total value locked (TVL) of liquid restaking tokens (LRTs) surpassed $8.3 billion, with ether.fi leading the charge, boasting a TVL of $3.27 billion, followed by Renzo with a TVL of $2.3 billion.
Further, protocols including Kelp and Puffer have also witnessed significant growth over the past few weeks as the popularity of ETH liquid restaking protocols continues to surge.
The center of this trend in the rising TVL of liquid…
The post 5% of Staked ETH Is Now Controlled by Liquid Restaking Protocols appeared first on Coin Edition.
5% of Staked ETH Is Now Controlled by Liquid Restaking Protocols
- The TVL of liquid staking protocols rose above $8.3 billion.
- Ether.fi is leading the charge with $3.27 billion in TVL.
- Restaking protocols now control 5% of staked ETH.
Liquid restaking protocols have witnessed a surge in popularity amid the crypto market resurgence in the past few months. These protocols now control almost 5% of staked Ether (ETH), marking a shift in the dynamics of the sector.
As per the data highlighted by the pseudonymous decentralized finance (DeFi) researcher who goes by the X username @hildobby_, most of the ETH was staked in 2024, a year that has been quite positive for the digital asset ecosystem.
According to the data from DefiLlama, the total value locked (TVL) of liquid restaking tokens (LRTs) surpassed $8.3 billion, with ether.fi leading the charge, boasting a TVL of $3.27 billion, followed by Renzo with a TVL of $2.3 billion.
Further, protocols including Kelp and Puffer have also witnessed significant growth over the past few weeks as the popularity of ETH liquid restaking protocols continues to surge.
The center of this trend in the rising TVL of liquid…
The post 5% of Staked ETH Is Now Controlled by Liquid Restaking Protocols appeared first on Coin Edition.