EigenLayer's TVL crosses $15 billion as restaking protocol expands ecosystem

The total value locked on Ethereum restaking protocol EigenLayer surpassed $15 billion after the project recently lifted its caps.

The platform allows users to stake native ether and liquid staked ether, which is then restaked to secure other protocols.

The TVL jump came after EigenLayer had its anticipated launch on April 9, allowing actively validated services to come online.

The project added several updates following the launch, most recently lowering the minimum stake for the operators on its data availability layer EigenDA, from 320 ETH to 96 ETH. 

After the recent update, EigenLayer launched six new actively validated services, which have a broad range of functionalities to address various needs in the Ethereum ecosystem. The added services include AltLayer, Brevis, Eoracle, Lagrange, WitnessChain, and Xterio.

Having generated a significant amount of buzz pre-launch, EigenLayer attracted cloud divisions from high-profile names such as Google, Coinbase and HashKey to join the project protocol operators.

“EigenLayer amplifies the utility of ETH as collateral for economic security,” EigenLayer founder Sreeram Kannan wrote on X. “The more ETH is available as collateral, the more the incentive to set ETH as the risk asset.”