Bedrock, a decentralized multi-chain liquid restaking platform, has experienced significant growth, with its total value locked (TVL) reaching a record $686 million on November 21, according to DefiLlama. This marks a 100% increase this month, highlighting the platform's expanding influence in the DeFi space.
Supporting liquid staking on 13 chains, including Ethereum, Bitcoin, and BSC, Bedrock relies on EigenLayer and Babylon for restaking. Ethereum dominates with nearly 60% of TVL. The surge is largely driven by uniBTC, a liquid staking token representing Bitcoin-related tokens across 12 chains, which reached a peak of $385 million. Despite a $2 million exploit in September, Bedrock's reserves remain unaffected.