Crypto
EigenLayer Dominance Sparks Shift to Restaking for Capital Efficiency
EigenLayer's dominance in the Ethereum staking space is evident, with $15.258 billion in total value locked and covering 4,364,467 ETH.
This surpasses Lido's market share and suggests a shift towards restaking for capital efficiency.
Liquid restaking protocols like ether.fi, Renzo, and Kelp provide APYs of 8-15%, compared to base ETH staking's 3-4%.
EigenLayer allows users to deposit ETH or liquid staking tokens to receive tokens like weETH, ezETH, or rsETH, which grant access to rewards from Actively Validated Services (AVS).
The protocol integrates EigenCloud with three core components: EigenDA, EigenCompute, and EigenVerify.