On July 11, EigenLayer saw its largest single-day outflow in history, with a divestment value of over $135 million, representing approximately 43,550 ETH at the time.

Meanwhile, EigenLayer saw net outflows of more than $68 million last week after accounting for inflows on certain days.

These net outflows, which are not isolated incidents in recent weeks, have caused total value locked (TVL) in EigenLayer to fall about 27% from an all-time high of $20.1 billion in early June to $14.66 billion at the time of writing. This caused EigenLayer to lose more than $5.4 billion in TVL value in just over a month.

This downward trend is not limited to EigenLayer. The broader restaking industry has also seen a significant decline in TVL in recent weeks. For example, Renzo lost almost half of its TVL in just one month, plummeting from $4.07 billion at the beginning of June to $2.09 billion currently. Other staking protocols, including Puffer, KelpDao, Swell and Eigenpie, have lost an average of 22% TVL during this period.

The decline in TVL can be attributed to a number of factors, the most important of which may be the announcement or launch of the respective tokens of the largest staking protocols, such as Renzo with REZ and EigenLayer with EIGEN, marks the end of their respective airdrop campaigns. This may have reduced farmer motivation, leading to capital flowing out of these protocols into more promising airdrop farms.

Interestingly, staking protocols that have not yet announced token launches and are still launching airdrop campaigns, such as Swell, have also experienced significant drops in TVL. This is likely due to market sentiment viewing Swell as an unattractive airdrop opportunity, causing airdrop speculators to deploy their capital elsewhere. Additionally, the restaking sector could be considered oversaturated, contributing to a further decline in TVL.

https://tapchibitcoin.io/eigenlayer-bi-thoai-von-gay-anh-huong-den-toan-canh-restaking.html