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Etherfi maintains lead in liquid restaking niche with over $3.8 billion in deposits

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Etherfi News

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EtherFi manages over 1.07 million ETH, amounting to approximately $3.8 billion in user deposits, holding lead in the liquid restaking market.

Etherfi continues to lead the liquid restaking market, managing over 1.07 million ETH, which translates to roughly $3.8 billion in user deposits.

Liquid restaking has experienced notable growth this year, driven largely by increased deposits on EigenLayer, which intends to utilize ETH deposits to strengthen third-party protocols. This, in turn, boosts the total value locked in LRTs, with Etherfi holding a considerable portion of this value. Restaking allows users to employ their staked ETH — or a corresponding liquid staking token — on platforms like EigenLayer for restaking purposes. EigenLayer then allocates this ETH to support other Ethereum-based applications, termed “actively validated services”, thereby broadening Ethereum’s security framework.

Source: News Formal (newsformal.com)

 

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