EigenLayer’s TVL surged 43% after the protocol announced it had removed its staking caps for the next three days.
Ethereum-based liquid restaking protocol Eigenlayer’s total-value locked (TVL) hassurged by a staggering $1 billion in just eight hours after the protocol temporarily removed its staking cap.
On Feb. 5, EigenLayer announced that it would temporarily raise its 200,000 Ether (ETH) per protocol staking cap until Feb. 9 in a bid to “invite organic demand” to the network. The protocol said this temporary removal is “paving the way to a future” where all staking caps are permanently removed.
In the eight hours following the announcement, the protocol’s TVL surged from roughly $2.5 billion to $3.58 billion at the time of publication, as investors funneled their respective liquid staked ETH tokens into the protocol, per DefiLlama data. This outsized growth marks a staggering $1.6 billion increase last week.
