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Crypto News Digest - Quick-read versions of cryptocurrency updates

Defi

Lido Finance Boosts DeFi TVL to $100B

The DeFi ecosystem celebrates a landmark achievement, surpassing $100 billion in TVL, marking a significant comeback since 2021, led by Lido’s $38.7 billion stake. This milestone, fueled by market optimism and major cryptocurrency rallies, signals a robust and diversifying DeFi sector poised for future innovation and growth.

Ethereum Restaking: DeFi’s New Giant

Ethereum’s shift to Proof-of-Stake has spotlighted EigenLayer’s restaking protocol, now a $12.4 billion titan, only second to Lido. Launched in June 2023, it’s revolutionizing DeFi by allowing validators to participate in “security-as-a-service,” promising additional rewards. With 2.1 million ETH wrapped in secondary protocols, EigenLayer is setting new benchmarks in Ethereum’s DeFi landscape.