TON-based restaking protocol secures $100M institutional TVL commitment
Interest in restaking and liquid staking protocols is surging across notable blockchain networks, including Ethereum and Solana.
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Interest in restaking and liquid staking protocols is surging across notable blockchain networks, including Ethereum and Solana.
Solana-based liquid staking could attract more retail investors due to increased liquidity and capital efficiency compared to regular staking.
Stakers with Lido, Frax, Origin and Mantle can restake with the DeFi protocol.
Ether restaking is a robust financial tool, but investors need to understand the number of loops they are adding.
Learn about LSD BNB and its role in liquid staking within the BNB ecosystem. (Read More)
Explore stBNB and its role in liquid staking within the BNB Chain ecosystem. (Read More)
Liquid staking reduces the minimum threshold required to earn block rewards and simultaneously enables the tokenized representation of staked assets.
The BNB Chain core development team said the move aims to streamline the network and improve efficiency.
Built from EigenLayer, Puffer Finance's TVL has gone over $1.2 billion, a month after its initial testnet phase.
The post Puffer Finance secures $18M in funding as liquid staking market heats up appeared first on Crypto Briefing.
DeFi is a game of narratives. However, these narratives are constantly changing, and the trends within them continuously evolve. Keeping up with the latest trends requires in-depth knowledge of what these narratives are and how they rapidly evolve in the crypto market. This analysis is based on data from Dune Analytics, specifically from @cryptokoryo, who […]
The post Shifting DeFi narratives: Memes soar as wallets position for dominance appeared first on CryptoSlate.
Chinese police are investigating STFIL technical team members, who relocated 2.5 million FIL tokens to an unknown address during an unscheduled protocol update, seeking community assistance to protect stakeholders' interests. (Read More)
In recent months, the Ethereum staking landscape has witnessed significant transformations, prompting a shift in investor preferences and reshaping the sector’s dynamics. According to on-chain data researcher and strategist at 21Shares, Tom Wan, key metrics indicate a notable change in the approach towards Ethereum staking, with restaking gaining prominence as a preferred method. Ethereum Restaking Landscape Wan’s observations, shared on the social media platform X (formerly Twitter), highlight a steady increase in ETH staking deposits from restaking, rising from 10% to 60% since 2024. Restaking can be accomplished in two primary ways: through ETH natively restaked or by utilizing a liquid staking token (LST). By staking their ETH, users secure additional applications known as Actively Validated Services (AVS), which yield additional staking rewards. A significant player in the staking landscape is EigenLayer, which has emerged as the second-largest decentralized finance (DeFi) protocol on the Ethereum network. Related Reading: Are The Odds In Bitcoin Bulls Favor? These Analysts Forecast BTCs Future EigenLayer has achieved a significant milestone with the release of EigenDA, its data availability Actively Validated Service (AVS), on the mainnet. According to a research report by Kairos, this launch marks the beginning of a new era in restaking, where liquid restaking tokens (LRTs) will become the dominant way for restakers to do business. Currently, 73% of all deposits on EigenLayer are made through liquid restaking tokens. The report highlights that the growth rate of LRT deposits has been significant, increasing by over 13,800% in less than four months, from approximately $71.74 million on December 1, 2023, to $10 billion on April 9, 2024, demonstrating the growing confidence in EigenLayer’s approach to restaking and contributing to the shifting tides in Ethereums staking landscape. According to Wan, the rise of liquid restaking protocols has also contributed to a decline in the dominance of Lido (LDO), a staking service solution for Solana (SOL), Ethereum, and Terra (LUNC). On the other hand, Etherfi has emerged as the second-largest stETH withdrawer, with 108,000 stETH withdrawn through the first quarter of 2024. This trend exemplifies the increasing popularity of liquid restaking protocols, allowing stakers to withdraw and actively utilize their staked assets while still earning rewards. Ether.fi Set To Surpass Binance In ETH Staking Data provided by Wan also shows a decline in the dominance of centralized exchanges (CEXs) in ETH staking. Since 2024, CEXs have seen their share of staking decline from 29.7% to 25.8%, a significant drop of 3.7%. As a result, the decentralized staking provider Kiln Finance has surpassed Binance and become the third-largest entity in terms of ETH staking. With Ether.fi poised to follow suit, it is expected to surpass Binance’s position shortly, according to the researcher. Related Reading: Crypto Experts Predict Massive Price Surge For XRP Price, Is $20 Possible? In short, these developments signify a paradigm shift in the Ethereum staking landscape, with re-staking methodologies gaining traction and decentralized protocols like EigenLayer and Ether.fi challenging the dominance of established players. As of this writing, ETHs price stands at $3,500. It has been exhibiting a sideways trading pattern over the past 24 hours, remaining relatively stable compared to yesterday. Featured image from Shutterstock, chart from TradingView.com
Before we know it, liquid staking tokens (LSTs) are going to replace Ethereum’s native cryptocurrency, Ether (ETH). The LST market is already worth approximately $17 billion, and it has grown continuously since Ethereum’s Merge. While LSTs are just beginning to hit their stride, their advantages over traditional ETH will soon become clear to liquidity providers [...]
The post Ethereum is about to get crushed by liquid staking tokens appeared first on Crypto Breaking News.
The Origin Ether app deposits Ether into Curve, Convex, stETH, rETH, and sfrxETH.
Liquid staking is revolutionizing the DeFi landscape by allowing users to stake their crypto assets while maintaining liquidity and earning rewards. This innovative approach is gaining traction in the crypto community. (Read More)
ETHFI, the governance token of the decentralized liquid staking protocol Ether.fi, debuted for $4.13 following its distribution through its airdrop on March 18. However, since the $210 million airdrop, the value of ETHFI has experienced a significant decline, plummeting over 35% to its current trading price of $3.05, according to CoinGecko data. ETHFI Airdrop Attracts [...]
The post Ether.fi $210M Airdrop Sparks Market Turbulence, ETHFI Value Drops By 35% appeared first on Crypto Breaking News.
Throughout this month, bitcoin and ethereum have risen to their highest valuations in years. These two pivotal crypto assets have substantially influenced the cryptocurrency market, with bitcoin currently holding a 51.9% market dominance and ethereum at 17% as of mid-March 2024. Furthermore, in recent years, derivative tokens of bitcoin and ether have garnered significant popularity. [...]
The post BTC and ETH Derivative Tokens Dominate by Securing Several Top Positions in the Crypto Economy appeared first on Crypto Breaking News.
The volume and worth of liquid staking derivatives (LSDs) have expanded significantly since the beginning of the year, with 1.56 million ether being added to LSD protocols since Jan. 6. The total value of ethereum stored surged by $26.85 billion in the last two months. LSD Market Flourishes: Ethereum Holdings Cross $54 Billion Milestone In [...]
The post Ether Locked in Liquid Staking Platforms Skyrockets to $54.34B With a $26.85B Rise in 64 Days appeared first on Crypto Breaking News.
The total number of Ethereum locked on liquid staking derivatives (LSD) protocols reached 10 million on June 29, according to data from DeFillama. Liquid staking protocols allow users to earn staking rewards while providing liquidity for other crypto-based activities, such as Lido (LDO) and Rocket Pool (RPL). Lido dominates LSDs DeFillama data tracks 22 liquid staking […]
The post Lido leads as Ethereum locked as liquid staking derivatives hits 10 million appeared first on CryptoSlate.
Liquid staking is the best-performing crypto sector in the last 24 hours after rallying by more than 15%, according to CryptoSlate data.
The post Liquid staking tokens rally by 15% as Ethereum Shapella upgrade draws near appeared first on CryptoSlate.
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