Withdrawals from Restaking Protocols Cause 13% Drop in EigenLayer's Total Value Locked
The total value locked on EigenLayer has decreased by 13% to $15.1 billion in the last 30 days, despite ether trading at a similar level to June. This drop can be attributed to the unpredictable nature of points farming and the limited returns on restaking protocols. However, Ether.fi has experienced growth during this period. Billions of dollars worth of ether have been withdrawn from restaking protocols in the past month as the sector faces the fickleness of crypto investors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI-powered scam targets 2.5bn Gmail users
Share link:In this post: With billions of email accounts, Gmail has become a good target for scammers. Unlike others, the new AI scam targeting Gmail is more sophisticated and difficult to tell. While users can take steps to limit the threats from the scam, Google must improve its filters.
Is Qubetics Set to Revolutionise Digital Finance? Explore Its Rise Alongside AAVE and Theta’s Impressive Growth