Crypto
Restaking Protocol EigenLayer’s EIGEN Tokens Will Be Released in Coming Hours
EigenLayer offers users the opportunity to stake ether (ETH) in order to secure other networks and earn additional rewards. This innovative protocol has seen a significant decrease in total value locked (TVL) since June, with a drop of over 50%. The decrease is attributed to heightened competition in the staking sector and a broader market downturn.
Despite the decline, EigenLayer still boasts an impressive $10 billion in TVL. The platform remains a popular choice for those looking to stake their ETH and participate in securing various networks.
