Summary
Google Cloud has become a node operator on EigenLayer mainnet, showcasing its commitment to Web3. EigenLayer allows diverse participation in its operator registry, maintaining decentralization. The mainnet launch introduced EigenDA and marked a step towards protocol maturity. EigenLayer’s growth is evident with a TVL exceeding $13.33 billion. Venture capital interest in blockchain innovations is rising, with investments in EigenLayer and Renzo Protocol. Renzo Protocol integrates Ethereum smart contracts for liquid restaking, ranking as the second largest protocol with a TVL of nearly $3 billion.
Key Points
1. Google Cloud has escalated its blockchain involvement by participating as a node operator on the EigenLayer mainnet on Tuesday. This marks a pivotal moment in the tech giant’s Web3 journey.
2. EigenLayer’s innovation enables Ethereum (ETH) staking across diverse platforms, a capability that went live for stakers in June. Now, as a mainnet node operator, Google Cloud has transitioned from participating in EigenLayer’s “Operator Working Group” to playing a critical role in the network’s operation.
3. The initiative has accelerated EigenLayer’s growth, with its total value locked (TVL) exceeding $13.33 billion, ranking it as the second-largest DeFi protocol. The liquid restaking tokens (LRTs) narrative is also revolutionizing DeFi, with EtherFi at the forefront, boasting a TVL of over $3.82 billion.