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Summary EigenLayer's TVL increased from $250 million to $1.7 billion in just one month. The re-staking sector is witnessing extraordinary growth. However, it is important to note that, in comparison to the overall volume of LSD, the re-staking sector still has considerable room for growth. For users primarily holding ETH, depositing ETH in LSD protocols like Lido and then re-staking the acquired stETH to earn another profit presents a more advantageous strategy over the long term. Additionally, apart from the anticipated EigenLayer airdrop, projects like AltLayer will also airdrop their tokens to EigenLayer re-stakers. This could result in profits significantly surpassing initial expectations.
A large increase in demand coupled with lower supply should set the stage for higher prices in 2024, he predicted.
Also among those gazing into next year are Bitwise, VanEck and Hashdex.
The latest price moves in crypto markets in context for Dec. 19, 2023.
- 22:40The current Bitcoin holdings of El Salvador are 6,056.18 coinsMempool data shows that El Salvador currently holds 6,056.18 BTC, equivalent to approximately 586 million US dollars.
- 22:36The market value of BlackRock IBIT's holdings exceeds 61 billion US dollarsOfficial data from BlackRock shows that as of January 30, the market value of IBIT's holdings reached $61,120,106,337.95 USD, with a holding volume reaching 579,303.56 BTC.
- 22:09The circulating supply of cbBTC exceeds 21,000 coinsDune data shows that the circulating supply of cbBTC has reached 21,335, with 22.5% on the Ethereum chain and 72.7% on the Base chain. The current market value of cbBTC has exceeded 2 billion US dollars ($2,068,712,240).