The total value locked (TVL) of restaking protocols soared 700% in 2024, and the market expanded beyond the Ethereum ecosystem, Binance Research specialists found. What is the reason for such rapid growth? And why is there a boom in the re-staking segment?
Growth of TVL in restaking protocols highlights a boom in this niche. The EigenLayer project offers security services for Ethereum-based blockchains, forming an ecosystem of restakers, node operators and active validation service providers. They allow tokens to be restaked outside of the primary network. EigenLayer plans to launch its mainnet in the second half of this year.
The rapid growth in popularity of restaking is due to its key advantages – additional profit and asset protection. And since projects like EigenLayer turn this into a full-fledged service, the demand for re-staking will continue to grow.
