226217
David Han
@0xdavidhan #226217
Engineer turned researcher @coinbase 🥷 Views are my own & NFA
16 Follower 83 Following
More than 60% of EigenLayer's TVL is locked up in LRTs. The distribution of LRTs is much more diverse than that of LSTs (which is dominated by Lido's stETH/wstETH). Will be interesting to see how this impacts their usage across DeFi and any other ramifications that could bring.
Restaking has been an extremely hot topic in Ethereum, and EigenLayer's TVL growth to become the second largest protocol in all of DeFi has outpaced that of Lido – even with restaking limits imposed during much of that process and prior to AVS launches or revenue generation.
Ethereum’s relatively mature staking infrastructure and excess security budget has enabled EigenLayer to grow into the ecosystem’s second largest DeFi protocol by total value locked (TVL) at $12.4B.
Gunna start x-posting research here from Twitter...
This application UX is far cleaner than I was expecting... just needs more content creators now