Restaking protocol EigenLayer flips Aave with $10.4B total value locked
EigenLayer is now the second-largest DeFi protocol behind Lido after taking Aave’s spot.
Ethereum staking protocol EigenLayer has shot past lending protocol Aave in its total value locked (TVL), with $10.4 billion worth of crypto committed to the protocol after temporarily removing a cap on how much users could stake.
On March 5, EigenLayer hit an all-time high TVL of $11 billion, surpassing Aave’s 21-month high $10.7 billion TVL and becoming the second-largest decentralized finance (DeFi) protocol by TVL behind staking giant Lido, according to DefiLlama data.
Both TVLs have now dropped slightly, with EigenLayer at $10.4 billion and Aave at $10.35 billion.
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