Crypto
EigenLayer Dominates Restaking Market as Rewards Surge Past Lido
The surge in EigenLayer rewards has overtaken Lido's net deposits, making it the largest restaking protocol. In September, $4.8 billion flowed into EigenLayer, surpassing the $4.5 billion deposited on Lido. This shift has given EigenLayer a market share of 93.9%.
Total value locked in EigenLayer now exceeds $15 billion, with 4.36 million ETH staked within the protocol. Lido still holds the largest amount of liquid staking tokens, with 8.9 million ETH.
Users are opting for liquid restaking tokens like eETH or rsETH, which provide easier access to rewards from Actively Validated Services (AVS). AVS protocols include data availability layers, AI verification systems, and off-chain compute services.