EigenLayer, a cryptocurrency platform, has experienced a significant increase in its Total Value Locked (TVL), surpassing $3.8 billion following the temporary removal of staking caps. The platform's TVL rocketed by $1 billion shortly after the policy change. This surge in TVL has been attributed to the removal of staking caps, which has allowed for greater participation and investment in the platform. Additionally, a related platform, Blast Layer 2, has also seen substantial growth, with its TVL reaching $1.4 billion. The overall value bridged to layer 2 solutions in the cryptocurrency space now stands at approximately $5.3 billion. The rapid growth of EigenLayer's TVL, which has increased by over 1500% in the past three months, has led to projections that it could reach $10 billion by the year 2025.
With Caps Removed, Buzzy Eigenlayer Blows Past $3 Billion Total Value Locked āŗ https://t.co/jn92IRz9iO https://t.co/jn92IRz9iO
EigenLayer TVL surpasses $3.8 billion following temporary removal of deposit cap https://t.co/KtytUhXqou
EigenLayer TVL is up over 1500% in the past 3 months. $10b TVL by 2025 seems achievable at this rate. https://t.co/tgFId4Sjvc
$3.6bn in Eigen Layer now, $1.4bn in Blast and about $5.3bn bridged to layer 2s https://t.co/BhuePyYLj9
Eigenlayer TVL reaching $3.6B. @Blast_L2 is probably a better play at this point.
š£ Latest News: EigenLayer TVL rockets $1B after temporarily removing staking caps #news #cryptonews #crypto