Ethereum’s transition to a Proof-of-Stake network has catapulted restaking, particularly through EigenLayer, to the forefront of its DeFi ecosystem.
With a $12.4 billion TVL, EigenLayer’s innovative restaking protocol has become Ethereum’s second-largest DeFi protocol, trailing only behind Lido. This protocol, launched in June 2023, is pioneering by enabling validators to secure new Ethereum features and earn extra rewards through “security-as-a-service”.
Approximately 2.1 million of the 3 million ETH locked in EigenLayer are wrapped in secondary protocols, showcasing the potential scale and impact of this innovation.
The launch of EigenDA as the first Actively Validated Service in early Q2 2024 underscores the strategic importance of restaking in enhancing Ethereum’s utility and efficiency.
