EigenLayer’s TVL Skyrockets 7x, Reshaping DeFi

EigenLayer Emerges as Fourth-Largest DeFi Protocol, TVL Soars 7x in 2024

EigenLayer, the decentralized finance (DeFi) protocol, has experienced a tremendous surge in popularity, catapulting it to become the fourth-largest protocol in the industry. This impressive growth comes as Ethereum's restaking narrative gains momentum, with EigenLayer at the forefront of this trend. With a current total value locked (TVL) of $7.23 billion, EigenLayer has witnessed a threefold increase in the past two weeks alone, and an astounding 7x jump since the beginning of 2024. Notably, just a month ago, EigenLayer wasn't even a part of the top 10 list of DeFi projects.