• 18 June, 2024
Market News

Breaking: Liquid Restaking Projects Hit $1.8 Billion TVL in Just Two Months

The realm of liquid restaking has witnessed a meteoric rise, with its Total Value Locked (TVL) soaring from a mere $300 million to an astounding $1.8 billion within just two months, as highlighted by analyst CryptoBusy. This unprecedented growth underscores the burgeoning interest and the dynamic expansion of the sector. 

Innovative restaking projects like AltLayer, EigenLayer, and Kelp Dao are key players in this evolving landscape. They stand alongside leading staking protocols such as Jito, Lido, Rocket Pool, Ankr, and marginfi.

https://twitter.com/CryptoBusy/status/1757334132030574978

AltLayer currently has a price of $0.352611 and boasts an impressive 24-hour trading volume of $124,214,335. It has experienced a notable increase of 7.52% in the last 24 hours.

Moreover, EigenLayer’s trading on Uniswap v2 presents a remarkable dex price of 10,020,047.14 for eigenLayer/WETH, maintaining stability with a 0.00% change. Kelp Dao’s Restaked ETH is also rising, priced at $2,680.14, with a trading volume of $539,297, marking a 7.71% uptick.

In addition, Jito’s value has climbed to $2.14, coupled with a substantial trading volume of $58,485,119, reflecting an 8.94% increase. Lido DAO, another significant contributor, is priced at $3.14 with a trading volume of $89,665,560, enjoying a 6.66% surge. 

Rocket Pool’s price has reached $29.61, with a trading volume of $6,245,848, indicating a 3.80% rise. Ankr has experienced a surge of 2.51%, with its price at $0.0250 and a trading volume of $15,326,384. The live Marginfi/WETH dex price on the Ethereum chain, traded on Uniswap v2, remains steady at 0.0122217, with no change in the last 24 hours, maintaining its highest and lowest price of the same value.

This vibrant ecosystem of liquid restaking projects and staking protocols is shaping the future of decentralized finance (DeFi). Their collective growth highlights the sector’s potential and paves the way for new advancements and innovations. As these projects evolve, they offer promising avenues for investors and enthusiasts alike, signaling a robust and dynamic future for liquid restaking.

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