EigenLayer’s total value locked (TVL) has topped $6 billion following the protocol’s decision to open a new restaking window earlier this week, according to data from DeFiLlama. This represents an 181% surge in the last seven days.

With TVL’s current value at $6 billion, EigenLayer has surpassed Uniswap and became the fifth-largest DeFi protocol behind Lido, Maker, AAVE, and JustLend.

On Monday, EigenLayer announced that it would resume restaking and remove TVL caps for all tokens from February 5 to 9, with plans to permanently lift caps in the coming months. The protocol also introduced new liquidity staking tokens (LSTs), including Frax Ether (sfrxETH), Mantle Staked Ether (mETH), and Liquid Staked Ether (LsETH). Less than 48 hours after the restaking period reopened, EigenLayer’s TVL soared 120%.

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Author: Vivian Nguyen

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