Summary
TLDR: EigenLayer’s TVL has surpassed Aave’s after removing deposit caps. There’s debate on whether staking assets should be included in TVL, as it can inflate numbers. Mercado suggests differentiating between native and synthetic assets to avoid double counting. Kong argues that staking contracts with withdrawal credentials pointed towards EigenLayer’s contracts could be considered smart contracts, making EigenLayer’s TVL valid.
Key Points
1. The total value locked (TVL) of restaking protocol EigenLayer has surpassed that of popular decentralized finance protocol Aave, making it the second largest protocol by TVL after removing deposit caps temporarily.
2. At the time of writing, EigenLayer’s TVL is $11.24 billion, while Aave’s TVL is $10.7 billion, according to information available on DeFiLlama.
3. There is a debate about whether staking or liquid staking should be included in a protocol’s TVL, as staked native assets are generally not included in the count.