Ethereum restaking propels Eigenlayer TVL surge

EigenLayer Surges Past Uniswap in Total Locked Value (TVL)

EigenLayer, an Ethereum-based restaking protocol, has surpassed Uniswap in terms of total locked value (TVL) on the Ethereum network, according to data from DeFillama. The protocol has emerged as the top-performing decentralized finance (DeFi) protocol over the past month, with its TVL skyrocketing by 171% in the last seven days alone, reaching $5.67 billion. In contrast, Uniswap saw a modest 6% increase in TVL, reaching $4.31 billion during the same period.