Summary
Ethereum-based staking protocol EigenLayer has seen its total volume locked (TVL) reach nearly $6 billion after temporarily lifting its deposit cap. This makes it one of the top 5 protocols in TVL rankings, ahead of popular platforms like Uniswap and Compound. Major holdings include stETH, swETH, and mETH, totaling roughly $3.5 billion. The decision to remove TVL caps on liquid staked tokens is seen as a positive move for the staking ecosystem, leveling the playing field and allowing for more innovation and growth.
Key Points
1. The Ethereum-based staking protocol EigenLayer has reached a total volume locked (TVL) of almost $6 billion after temporarily lifting its deposit cap.
2. DeFiLlama data shows that the protocol’s TVL is currently $5.95 billion, which is nearly three times higher than its TVL just five days ago.
3. EigenLayer is now one of the top 5 protocols in TVL rankings, surpassing popular platforms like Uniswap, Spark, and Compound.