• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

What’s the Real Difference for Beginners?

2025-05-24

What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

2025-05-23

What Is a DEX? How DEXs Work and Why They Matter

2025-05-21
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What’s the Real Difference for Beginners?

    2025-05-24

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    2025-05-23

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21

    A Beginner’s Guide to Blockchain Consensus

    2025-05-16
  • Market Cap
  • Shop
Crypto Semantic
Home»DeFi»EigenLayer deposits surpass $900 million amid increased LST caps
DeFi

EigenLayer deposits surpass $900 million amid increased LST caps

2023-12-19Updated:2023-12-20No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

EigenLayer has recorded a major bounce in person deposits, now exceeding $900 million.

The protocol adjusted deposit caps for liquid staking belongings, resulting in a surge in complete deposits. Immediately, these reached 410,000 ether ($900 million), practically a fourfold bounce from only a few days in the past.

Till a couple of days in the past, EigenLayer had set a re-staking restrict below 120,000 ETH and saved deposits on pause. On Monday, the protocol raised its restrict, setting a brand new threshold of 500,000 ETH (equal to about $1.1 billion) for all re-staked LSTs. Consequently, the protocol’s complete worth locked has risen from $250 million to over $900 million. The protocol seems to be on monitor to cross $1 billion in deposits and attain its most threshold.

EigenLayer affords a protocol for customers to deposit and “re-stake” ether from varied liquid staking tokens, aiming to then allocate these funds to safe third-party networks. The protocol’s stage 1 launched on the Ethereum mainnet in June.

New LSTs are supported

At launch, EigenLayer allowed customers to deposit LSTs from three staking initiatives: Lido, Rocket Pool, and Coinbase. The protocol has now expanded its vary to incorporate six extra LSTs: Swell’s swETH, Stakewise’s sETH, Stader’s xETH, Origin’s oETH, Ankr’s ankrETH and Wrapped Beacon Ether (wBETH).

This improve in caps and providing varied LSTs led to a surge in exercise, with many depositing funds to take part within the community and earn factors. These factors could probably give stakers the chance to obtain Eigen token rewards sooner or later, though this stays speculative.

See also  MoonFi Debuts Cross-Protocol DEX and Multi-Chain Wallet

EigenLayer will pause all person deposits as soon as the five hundred,000 ether restrict is reached.

EigenLabs closed a $50 million Sequence A funding spherical in March led by Blockchain Capital.

Source link

caps deposits EigenLayer Increased LST Million Surpass
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Coinbase users lose $46 million to social engineering scams in March

2025-03-28

FBI initiative saves thousands from crypto scams, recovers $285 million

2025-02-13

Crypto ransomware revenue drops 35% to $813 million in 2024 amid tougher crackdowns and victim resistance

2025-02-05

How Tether, TRON, TRM Labs froze $100 million in stolen digital assets

2025-01-02
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Bitcoin

Bitcoin Ordinals gets Vitalik’s acclaim despite this ‘con’

2023-07-08

Vitalik Buterin opined that Bitcoin Ordinals wanted L2s on the Bitcoin community to advance. Whereas…

NFT

Research Firm Launches Public Poll on Ronaldo’s $1B Binance NFT Ads Suit

2023-12-16

Actual Analysis, a blockchain-powered analysis platform, has taken to social media to hunt public opinion…

Analysis

Ripple CTO Explains How AMM Feature Will Enable XRP Holders To Earn Passive Income

2024-01-27

The decentralized open-source blockchain, XRP Ledger, is ready to introduce extra revolutionary options to XRP…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

What Is The Safest Way to Store Cryptocurrency in 2024?

2024-11-07

Bitcoin Cash Price Won’t Go Down Quietly

2023-10-05

Bitcoin’s $69K ATH – Is good news for miners affecting you too?

2024-03-09

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$108,858.000.29%
  • ethereumEthereum(ETH)$2,558.110.45%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.350.28%
  • binancecoinBNB(BNB)$674.521.45%
  • solanaSolana(SOL)$176.55-0.16%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 109,054.22
ethereum
Ethereum (ETH) $ 2,561.77
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.35
bnb
BNB (BNB) $ 674.87
solana
Solana (SOL) $ 176.76
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.228867
cardano
Cardano (ADA) $ 0.760269
tron
TRON (TRX) $ 0.27178