The total value locked in ethereum recovery protocols has increased to $8.35 billion.
The total value locked (TVL) of the ether.fi project exceeded $3.2 billion. Renzo is in second place with $2 billion, while data from The Block shows that Puffer is in third place with TVL with $1.3 billion.
<img decoding="async" width="1024" height="801" src="https://crypto.news/app/uploads/2024/04/Screenshot-2024-04-01-at-17.43.55-1024×801.png” alt=”ethereum Reset Protocols TVL Surpasses $8 Billion – 1″/>
EigenLayer also saw an uptick in activity on February 5, when the protocol raised $1.18 billion after the project lifted the cap on maximum rewarded assets of 200,000 ethereum (eth). In just one day, the protocol's TVL increased by more than $1.5 billion.
On February 20, the TVL figure resumed was $3.5 billion; In less than two months, TVL exceeded 100%. The segment saw strong growth in February and was dominated by ether.fi and Puffer, which have TVLs of $1.36 billion and $1.02 billion, respectively. ethereum has achieved dominance in the total value locked in decentralized finance (defi) applications of 56% or $52 billion, according to DefiLlama.
<img loading="lazy" decoding="async" width="1024" height="370" src="https://crypto.news/app/uploads/2024/04/Screenshot-2024-04-01-at-17.38.15-1024×370.png” alt=”ethereum Reset Protocols TVL Surpasses $8 Billion – 2″/>
Demand for staking and network activity increased noticeably after the Shapella update in April 2023. After the update, users were able to withdraw locked cryptocurrencies.
