Ethereum liquid restaking TVL surges from $284M to $17B in 2024
While liquid restaking provides more utility for staked tokens, it also comes with its own risks, like the depegging and price volatility for derivative tokens.
Ethereum liquid restaking protocols saw their total value locked (TVL) increase by almost 6,000% in 2024, as the demand for staked asset utility increased this year.
On Jan. 1, decentralized finance (DeFi) data aggregator DefiLlama showed that Ethereum’s liquid restaking TVL used to be around $284 million. After almost a year, the amount surged almost sixty times, reaching $17.26 billion on Dec. 15.
Liquid restaking total value locked in Ethereum. Source: DefiLlama
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Author: Ezra Reguerra
