#BingVentures #ChartoftheDay Liquid staking and restaking remain Ethereum's major narratives. According to a recent report from Messari, liquid restaking #TVL surged 2800% in Q1 2024, reaching $8.2 billion.

EtherFi maintained its leading position, with market share growing to over 39%, followed by Renzo Protocol and Puffer Labs. Additionally, in the quarter, EtherFi launched its token, $ETHFI, on Binance Launchpool, which gained extra traction amid favorable market conditions.

Also, multiple LRT protocols, including EtherFi and Puffer, announced new fundings in Q1 with good valuations and investment round sizes, reflecting market enthusiasm for this segment.

Currently, the percentage of $ETH coins locked in staking has reached 27% and keeps surging, increasing centralization concerns. Also, the rehypothecation nature of #LRTs is controversial because it potentially poses systematic risks to the entire #Ethereum ecosystem.