- The cumulative value of blocked funds in restacking protocols has increased to over $3.5 billion.
- Etherfi, Renzo, Kelp, Puffer and Bedrock all saw significant growth in deposits.
The aggregate value of blocked funds (TVL) in EigenLayer-based restacking protocols (LRTs) crossed the $3.5 billion mark, according to Dune.
The Block noted a significant increase in deposits in protocols such as Etherfi, Renzo, Kelp, Puffer and Bedrock.
“This growth is due to users preferring to use EigenLayer through these platforms, allowing them to maintain access to their funds,” the report said.
The highest TVL among the 11 LRTs recorded the protocol ether.fi – $1.36 billion, on the deposits of users Puffer Finance has more than $1 billion, in Kelp is $464 million, and TVL Renzo is about $355 million. The combined value of blocked funds of other LRT protocols is less than $100 million each.
As a reminder, we previously reported that Ethereum-based EigenLayer restacking protocol Renzo raised $3.2 million in investment. We also reported that Binance Labs invested in the liquid steaking protocol Puffer Finance.
