Ethereum restaking sees major boost ahead of Dencun Hard Fork, EigenLayer TVL surpasses $11 billion

Ethereum restaking protocol EigenLayer total value of locked assets climbs to $11.71 billion. Ethereum Dencun Hard Fork, scheduled for March 13, has likely catalyzed the growth of restaking on EigenLayer. EigenLayer is now the second-largest DeFi protocol, with 20% TVL increase in the past week. EigenLayer is a restaking protocol that has observed a considerable increase in the Total Value of assets Locked in its platform in the past week.

Ethereum beta plays, like Layer 2 tokens, staking and restaking protocols, have made a resurgence among narratives relevant to crypto, with the upcoming Dencun upgrade. Ethereum TVL. Source: DeFiLlama Ethereum’s Dencun upgrade is set to reduce cost for Layer 2 chains, driving the altcoin’s adoption and likely boost demand for Ether and their native tokens in the medium to long term. This has likely fueled the narrative for protocols that support staking and restaking of Ether by traders.

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