Interest in restaking and liquid staking protocols is surging across notable blockchain networks, including Ethereum and Solana.
Utonic, an emerging restaking protocol on The Open Network (TON) received a $100 million institutional commitment in total value locked (TVL) ahead of protocol launch.
The TON-based restaking protocol received a $100 million commitment from firms including TonStake, iZUMi Finance, InfStones, SatLayer, and StakeStone.
The protocol aims to contribute to TON’s security and decentralization, according to Lemon Lin, co-founder of Utonic. Lin told Cointelegraph:
