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News Explorer — Eigenlayer's TVL Doubled After Removing Caps on Tokens

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Feb 7, 3:02 am

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Eigenlayer's TVL Doubled After Removing Caps on Tokens

Eigenlayer, an Ethereum layer 2 protocol, has seen its total value locked (TVL) nearly double after removing caps on certain tokens. The surge was driven by stETH, a liquid staking token issued by Lido. Eigenlayer aims to prevent any single token from dominating the network to maintain decentralization.

Eigenlayer, an Ethereum layer 2 protocol, has seen its total value locked (TVL) nearly double after removing caps on certain tokens. The surge was driven by stETH, a liquid staking token issued by Lido. Eigenlayer aims to prevent any single token from dominating the network to maintain decentralization.

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