Restaking continues to gain traction as $ETH continues to push towards new ATHs.
- @eigenlayer just crossed $20B in TVL and looks ready to smash its previous $25B ATH.
- Eigen just announced their incubation program "Eigen EIR", building on the real product narrative.
$EIGEN is also gaining traction (+14% over the past week) as it's starting to be priced as the ETH Cloud Hub vs. just a restaking protocol.
I think it's time to start getting bullish on Restaking and $EIGEN leading the narrative again.
Here's why:
- $ETH is almost at its ATHs
- $ETH inflows continue to climb higher as demand for ETH skyrockets
- $ETH Restaking is back to ATHs with $28B in TVL
68% of this value is locked within @eigenlayer.
Because TVL consistently holds the top spot in the market, the market has mistakenly priced @eigenlayer ( $EIGEN) as a simple restaking protocol, but not for long.
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