Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»EigenLayer has achieved a TVL of nearly $6 billion as it approaches its unlimited deposit period.
ADOPTION NEWS

EigenLayer has achieved a TVL of nearly $6 billion as it approaches its unlimited deposit period.

By Crypto FlexsFebruary 9, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
EigenLayer has achieved a TVL of nearly  billion as it approaches its unlimited deposit period.
Share
Facebook Twitter LinkedIn Pinterest Email

Restake protocol EigenLayer has seen its TVL surge to nearly $6 billion in the past few days after deposit limits were temporarily lifted.

According to DeFiLlama data, assets deposited in EigenLayer have increased by about 170% from $2.15 billion when the window opened on February 5, reaching $5.9 billion (about 2.3 million ether) at the time of this writing.

According to The Block’s pricing page, TVL represents approximately 2% of the total circulating supply of Ether. EigenLayer is also ranked as one of TVL’s top five DeFi protocols, ahead of leading decentralized exchange Uniswap and behind Lido, Maker, Aave, and JustLend.

EigenLayer went through a series of deposit limit increases before temporarily lifting the latest limit of 200,000 Ethereum ($500 million) for each liquid staking token. EigenLayer’s TVL cap removal ends today at 3 PM ET. However, the project said it plans to eventually lift the cap permanently, enabling a “permissionless neutral environment while promoting decentralization.”

EigenLayer previously said the temporary removal of restrictions was designed to increase organic demand. However, many users have been encouraged to deposit funds and participate in the network to earn reward points, leading to speculation that stakers could potentially receive Eigen token airdrop rewards in the future.

What is EigenLayer?

EigenLayer’s protocol allows users to deposit and re-stake Ethereum through liquid staking tokens, allocating those funds to secure third-party networks and potentially earn additional rewards. Through a liquid staking solution, users can Ethereum ETH

+2.96%
Stake while unlocking the value of the underlying asset with liquid staking tokens for use as collateral in DeFi.

The initial phase of the Eigenayer protocol was launched on the Ethereum mainnet in June 2023, allowing users to deposit LST from three staking projects: Lido, Rocket Pool, and Coinbase. The protocol has since expanded with additional LSTs, including Stakewise’s sETH, Mantle’s mETH, Frax’s sfrxETH, Ankr’s ankrETH, and Binance’s wBETH.

EigenLayer’s team, EigenLabs, closed a $50 million Series A funding round led by Blockchain Capital in March 2023. Last month, EigenLayer announced plans to adopt a shared security model. I bet ether. The project aims to become a major decentralized application platform and enable other projects to launch by leveraging the so-called shared security model.

Yesterday, the percentage of Ether supply staked on the Ethereum network reached 25% for the first time.

The Block has reached out to EigenLayer for comment.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025
Add A Comment

Comments are closed.

Recent Posts

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025
Most Popular

The American Cancer Society leverages Gitcoin to fund decentralized, open source cancer research.

November 28, 2023

Flipster and OverProtocol Partner to Announce $200,000 USDT Giveaway

December 17, 2024

Uniswap surges DEX trading volume with total volume reaching $544 trillion.

October 17, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.