According to TechFlow, on July 25, Coindesk reported that although the price of Ethereum is similar to that in June and is currently trading at $3,200, the total value locked on EigenLayer has fallen by 13% (US$2.28 billion) in the past 30 days to US$15.1 billion; the total locked value of re-staking protocols such as Renzo and Kelp has fallen by 45% and 22%, respectively.

This outflow is primarily attributed to the vagaries of the points system and the limited returns of the re-staking protocol, but also in part because they hope to maximize returns by earning more points that can be converted into airdrops, thus shifting funds to other projects.

In contrast, Ether.fi achieved $100 million in growth during this period. Compared to restaking protocols, yield-generating platforms like Ethena offer more competitive returns, with Renzo's annual yield of 3.43% and Ethena's over 10%, making investors more inclined to choose higher-yielding options.

Restaking is a strategy that aims to obtain additional returns for ETH that has been staked on the Ethereum mainchain. Through restaking, investors can move funds between different protocols in search of higher returns. However, the current market environment shows that investors' confidence in restaking has weakened, which may affect future capital inflows.