The total value locked in liquid restaking tokens has risen over 8,300% since the beginning of 2024.
Liquid restaking tokens (LRTs) are becoming a crucial part of the restaking industry and could reshape the entire decentralized finance (DeFi) space.
LRTs are simplifying the complexities of traditional Ether (ETH) staking and increasing DeFi capital efficiency, by offering stakers the equivalent of their staked tokens that can be deployed in other protocols.
Showcasing their growing importance, the total value locked (TVL) in LRTs has risen over 8,300% year-to-date (YTD) to $13.8 billion, up from just $164 million at the beginning of 2024.
