EigenLayer TVL crosses $15 billion despite potential yield crisis

Source Fxstreet
  • EigenLayer’s total value locked climbed to $15.13 billion on Tuesday. 
  • Crypto experts say the Ethereum staking protocol could face a major yield crisis as it outpaces the security needs of its rapidly growing ecosystem. 
  • Despite the potential yield crisis, EigenLayer dominates re-staking protocols with the highest TVL. 

EigenLayer has locked $15.13 billion in crypto assets on its restaking platform since its launch on April 9, piling on assets from users even as the staking protocol has been criticized for growing faster than its ecosystem can secure. 

EigenLayer gathers $15.13 billion in crypto on its chain

Data from crypto intelligence tracker DeFiLlama shows that the largest Ethereum restaking protocol’s Total Value Locked (TVL) crossed $15 billion on Tuesday. The protocol’s TVL has climbed nearly 9% since April 9, the project’s launch date. 

EigenLayer

EigenLayer TVL 

According to an official tweet by the protocol, 2.2 million of restaker Ether has been delegated on EigenLayer since the mainnet launch. 

The project has launched a total of six actively validated services with several functionalities to address users’ needs in the Ethereum ecosystem. Coinbase Cloud, Ankr, and the Graph Foundation are among the protocol’s operators, as seen on ethrestaking.com. 

Potential yield crisis faces EigenLayer

Chudnov Glavniy, creator of a crypto-native derivatives protocol “3jane” on EigenLayer, recently shared his views on the project in a tweet thread on X. The expert says that the restaking protocol is likely facing a major yield crisis, with over $15 billion TVL and less than 10% of it needed for security, Glavniy’s argument is that “yields may fall off a cliff.” 

The expert states that despite good technology, EigenLayer may be “biting off more than it can chew by opening the door to more than $15 billion in deposits.”

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
USD/JPY: Takaichi pressure fuels renewed Yen selling – MUFGMUFG’s Senior Currency Analyst Lee Hardman notes that the Japanese Yen has underperformed, pushing USD/JPY back above 156.00.
Author  FXStreet
9 hours ago
MUFG’s Senior Currency Analyst Lee Hardman notes that the Japanese Yen has underperformed, pushing USD/JPY back above 156.00.
placeholder
Top Crypto Losers: BCH, HYPE, PUMP extend losses as Bitcoin drops below $64,000Altcoins, including Bitcoin Cash (BCH), Hyperliquid (HYPE), and Pump.fun (PUMP), are leading losses over the last 24 hours as Bitcoin falls below $64,000 on Tuesday. The technical outlook for BCH, HYPE, and PUMP flags downside risk amid broader market selling.
Author  FXStreet
13 hours ago
Altcoins, including Bitcoin Cash (BCH), Hyperliquid (HYPE), and Pump.fun (PUMP), are leading losses over the last 24 hours as Bitcoin falls below $64,000 on Tuesday. The technical outlook for BCH, HYPE, and PUMP flags downside risk amid broader market selling.
placeholder
Gold climbs above $5,200 on geopolitical tensions, trade uncertaintyGold price (XAU/USD) jumps to around $5,230 during the early Asian session on Tuesday. The rally of the precious metal is bolstered by heightened geopolitical tensions and global trade uncertainty following US tariff decisions.
Author  FXStreet
18 hours ago
Gold price (XAU/USD) jumps to around $5,230 during the early Asian session on Tuesday. The rally of the precious metal is bolstered by heightened geopolitical tensions and global trade uncertainty following US tariff decisions.
placeholder
WTI slumps below $66.00 amid hopes for US-Iran talks West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.70 during the early European trading hours on Monday. The WTI price declines as the United States (US)-Iran talks are set to resume later this week.
Author  FXStreet
Yesterday 08: 02
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.70 during the early European trading hours on Monday. The WTI price declines as the United States (US)-Iran talks are set to resume later this week.
placeholder
Top 3 Price Prediction: BTC breakdown hints at deeper correction as ETH and XRP extend lossesBitcoin (BTC), Ethereum (ETH) and Ripple (XRP) prices are extending losses on Monday after falling slightly the previous week. BTC is slipping below the lower consolidation range at $65,000, and ETH is falling below $1,900, both extending their six-week losing streaks.
Author  FXStreet
Yesterday 06: 55
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) prices are extending losses on Monday after falling slightly the previous week. BTC is slipping below the lower consolidation range at $65,000, and ETH is falling below $1,900, both extending their six-week losing streaks.
goTop
quote