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News Explorer — Ethereum Restaking Protocol EigenLayer Raises $100 Million

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Feb 22, 1:05 pm
The Block

Ethereum Restaking Protocol EigenLayer Raises $100 Million

Venture capital firm Andreessen Horowitz has invested $100 million in crypto restaking project EigenLayer, making it the sole backer in the round. EigenLayer's protocol allows users to restake validators' Ethereum stakes and allocate those funds to secure third-party protocols. Despite a decline in venture funding, EigenLayer has seen significant growth, reaching around $8 billion in total value locked.

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