On June 25, ether (ETH) was trading at $3,300, a shade higher than Thursday’s price of $3,200. During that period, however, the total value locked (TVL) on EigenLayer – a protocol that links restaking protocols – slumped by $2.28 billion to $15.1 billion. Restaking protocols like Renzo and Kelp have lost 45% and 22% of their TVL, respectively, data from DefiLlama shows.
Related posts
-
Jito Releases Open-Source Restaking Service for Solana
The yet-to-be-audited code from Jito should allow any protocol building on Solana to set up a... -
Ethereum ETFs Face $133M Outflows as Grayscale’s ETHE Divests $326M
Based on recent data, after a period of inflows,... -
Ether Down Over 7.5% as ETHE Outflows Ramp Up
Most Ether ETFs were in the green during the Wednesday U.S. trading session, but Grayscale’s converted...