The Re-Staking Protocols Reach New Heights in the Cryptocurrency Sector 🌟
IntoTheBlock highlighted on X that re-staking has emerged as a key innovation in the cryptocurrency sector this year. This primitive allows applications to leverage existing staking networks or liquidity to enhance security. Re-staking protocols have attracted over 25 billion dollars in assets, with a TVL that recently reached 30 billion dollars, according to DeFillama. The top three protocols are EigenLayer (15.071 billion dollars, -16.66% in 7 days), Babylon (5.480 billion dollars, +2.4% in 7 days), and Symbiotic (2.220 billion dollars, -16.56% in 7 days).
