EigenLayer revolutionized staking with re-staking, layering on top of existing liquid staking solutions. This innovation has led to the reuse of single assets across multiple layers, becoming a major trend on Ethereum. Liquid staking and re-staking protocols together account for around $100 billion in TVL, though half of this is double-counted. Let's explore developments outside Ethereum to see if there's still potential in this mature trend.

The upcoming year holds immense significance for Ethereum, with lots of important events awaiting the blockchain. Anticipations are high, suggesting that the price of ETH might surpass past heights. In this article, we delve into the intricate landscape of what the year 2024 has in store for Ethereum.

EigenLayer has introduced a new concept — restaking. Restaking uses the staked Ethereum to secure other blockchains and applications. This allows developers to simply use Ethereum, which has been proven as a reliable solution over the years, instead of building a complex network of validators. In return, users get increased rewards.

The second quarter of 2023 was a tumultuous period for the cryptocurrency market, with volatility stemming from bullish news for Bitcoin, FUD towards major exchanges, a memecoin rally, and other events.

Liquid Staking Derivatives (LSD) is a solution where a user blocks tokens on the DeFi platform and in return receives an equivalent token (derivative). This token can be used for other purposes, such as trading on venues or providing liquidity. This allows users to utilize tokenized assets while earning commissions efficiently.