EigenLayer is making waves in the DeFi world, with $12.9 billion now locked up—a staggering 11% increase in just a week. The total amount of ETH being restaked has soared to an impressive $14.5 billion, signaling a massive vote of confidence in this emerging protocol. A closer look reveals that a significant 70% of EigenLayer’s Total Value Locked (TVL) is in Wrapped ETH (WETH), amounting to $8.8 billion. Meanwhile, new entrants like Symbiotic and Karak are quickly gaining traction, with $1.57 billion and $826 million in TVL, respectively. This rapid diversification of the ecosystem highlights the growing interest and investment
The post EigenLayer’s Rapid Ascent: $12.9B Locked And Counting appeared first on The Merkle News.