Regulation
What Does EigenLayer’s $2.3 Billion Outflow Signal? | Video
Today’s chart is brought to you by crypto.com, the leading cryptocurrency platform trusted by over 100 million users worldwide. Let’s take a look at the chart of the day. Billions of dollars of Ether have been withdrawn from repurchase protocols over the past month. What does this mean? The total value locked on the Eigen layer has dropped 13% to $15.1 billion over the past 30 days. While Ether is trading at a similar level to June, some of the outflows can be attributed to depositors looking to collect points that will eventually be converted into airdrops, later switching to another project to maximize returns. Deai Lama. Data shows that Restak protocols such as Renzo and Kelp have lost 42% and 20% of their total value locked, respectively. A dormant project that managed to turn the tide is one of five that saw a $100 million raise in TV L. That’s it for today’s start. I’m Jen Sanas. See you next time for more data behind the biggest stories.