Tag: EigenLayer
YieldNest, a restaking firm, creates a unique liquid token using EigenLayer
In an effort to capitalize on the expanding market for liquid staking derivatives, restaking firm YieldNest is introducing a new coin. The technology, known as ynLSDe, aims to provide extra…
EigenLayer is adding ERC-20 tokens as restakable assets and testing permissionless token support
EigenLayer, an Ethereum restaking project, is expanding the protocol’s support for permissionless tokens. According to Eigen Labs, in a post to X, this feature will allow any ERC-20 token to…
EigenLayer’s competitor Symbiotic unveiled a devnet and plans to launch the full mainnet in Q3
Less than two months after emerging from stealth, the devnet of Ethereum’s Holesky test network is now operational for retaking protocol Symbiotic. Symbiotic positions itself as a rival to Ethereum’s…
The EigenLayer exodus is the reason for a further decline in the restaking sector
EigenLayer saw the most net withdrawals in a single day in its history on July 11. At that time, the net outflows were over $135 million, or over 43,550 ETH….
EigenLayer AVS Ava Protocol acquires blockchain data startup Openstory
Openstory, a blockchain data business, has been purchased by Ava Protocol, an EigenLayer actively verified service (AVS) focused on web3 automation, for an unknown amount. Cash and Ava Protocol’s upcoming…
EigenLayer Launches Six New Actively Validated Services
EigenLayer, a blockchain protocol focused on enhancing Ethereum’s capabilities, has rolled out six new actively validated services (AVS) with the phase 3 mainnet launch. These services aim to improve the…
EigenLayer Unveils Mainnet’s Last Roadmap Ahead of Launch
EigenLayer, renowned for its Ethereum-based restaking initiative, has disclosed a detailed roadmap elucidating the steps leading to the release of its mainnet. Eigen Labs stated in a blog post on…
EigenLayer TVL crosses $11 billion, overtakes AAVE
EigenLayer, a restaking protocol, is now the second-largest protocol by total value locked (TVL), surpassing even the well-known decentralized finance protocol Aave. EigenLayer had decided to remove the network’s deposit…
Surge in Liquid Restaking Tokens Hits $3.5 Billion as Ethereum Ecosystem Embraces EigenLayer
In a notable development, the total value locked (TVL) in liquid restaking tokens has breached the $3.5 billion mark, signaling a heightened interest within the Ethereum community. The surge is…
EigenLayer’s TVL Soars to $6 Billion as Deposit Caps Temporarily Lifted
EigenLayer, the Ethereum-based restaking protocol, has witnessed a remarkable surge in Total Value Locked (TVL), reaching nearly $6 billion following the temporary removal of deposit caps on February 5. The…
10 hidden crypto gems to potentially help you score big gains
Not a fan of plain vanilla crypto investments? You’re in luck because we are living at a time when the international cryptocurrency market is buzzing with next-generation decentralized finance platforms…