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News Explorer — Symbiotic, a New Restaking Protocol, Has Quickly Gained Over $1 Billion in Smart Contracts

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Jul 4, 1:16 am
Unchained Crypto

Symbiotic, a New Restaking Protocol, Has Quickly Gained Over $1 Billion in Smart Contracts

Symbiotic, a nascent restaking protocol, has attracted over $1 billion in smart contracts in less than a month. Its total value locked in ETH has tripled in the past 24 hours, reaching 318,227 ETH. This growth puts Symbiotic in a position to compete with EigenLayer, which has seen a decrease in its total value locked since Symbiotic's entry into the restaking scene.

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