EigenLayer Total Value Locked (TVL) Outflows of $2.3B Signal Restaking Sector Slide

On June 25, ether (ETH) was buying and selling at $3,300, a shade increased than Thursday’s worth of $3,200. Throughout that interval, nevertheless, the whole worth locked (TVL) on EigenLayer – a protocol that hyperlinks restaking protocols – slumped by $2.28 billion to $15.1 billion. Restaking protocols like Renzo and Kelp have misplaced 45% and 22% of their TVL, respectively, information from DefiLlama exhibits.