Ethereum Restaking Protocols See Surge in ETH Deposits, EigenLayer Leads

Share on Facebook Share on Twitter

Ethereum Restaking: An Emerging Trend

While spot ETFs, Real-World-Assets (RWA), Layer-2 solutions, and other popular topics dominate the crypto conversations, a lesser-known category is slowly catching up – Ethereum Restaking protocols.

Increase of Native ETH in Restaking Protocols

A significant increase of native ETH deposits into restaking protocols has been observed over the past week, according to on-chain analysis firm TK Research. According to a post from January 15, EigenLayer was the biggest beneficiary with a weekly increase of 168K ETH, more than a doubling from the previous week. EtherFi came in second with an influx of 14.45K ETH, representing an increase of almost 28%. The Renzo protocol recorded an increase of 4.5K ETH, which corresponds to an impressive increase of 55%. Together, the three protocols attracted around 186.5K ETH in deposits. At current market prices, this corresponds to more than 470 million dollars in ETH locked in leading restaking projects.

What is Restaking?

Restaking is a relatively young concept that allows ETH stakers to participate in the validation of new software modules developed on the Ethereum ecosystem. Simply put, the same ETH that is staked on the Ethereum network can be used to extend security to other applications. Security is therefore shared across the entire ecosystem. In addition to the native staking of ETH, validators also have the option to stake liquid derivatives (LSDs) from Lido, Rocket Pool, and Coinbase. In addition, validators receive an additional return as the staked ETH is used to hedge further applications.

alert-circle
You can also find us on Telegram: Click here to follow our Telegram channel.

EigenLayer Leads the Field

EigenLayer, the largest restaking protocol, has seen a strong increase in deposits since its mainnet launch last June. However, the growth spurt was downright meteoric over the past month. The total value locked (TVL) recorded a 6-fold jump to 1.67 billion dollars. The increase followed an increase in the protocol’s restaking limit to 500,000 ETH from the previous 120,000 ETH.

Sources: TK Research, EigenLayer, EtherFi, Renzo Protocol

Casinos: 46
Profile Ethereum
Symbol ETH
Coin type Alt Coin
Transaction Speed Medium
Pros
  • Second largest cryptocurrency
  • Accepted in many casinos
  • High transaction speed
Cons
  • Partial bugs in smart contracts
Price 3.325,19 €
Percent Change 24h 0,33 %
Percent Change 7d -3,84 %
Percent Change 30d 15,67 %
Percent Change 60d 17,60 %
Percent Change 1y 113,92 %
Market Cap 399.740.912.759,00 €
Official Links
Socials Reddit | X
Best 3 Ethereum casinos
Share on Facebook Share on Twitter

The 3 best crypto casinos

100% without limit + 100 Free Spins
Welcome bonus
Cryptocurrencies (11)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Ripple XRP Logo
  • Tether (USDT) Logo
  • tron-logo
  • usd-coin-logo
CoinKings review
Bonus Information CoinKings
Wagering requirements 35x bonus
35x free spins winnings
Minimum deposit €20
Maximum bet €5
Bonus validity 14 days for deposit bonus
7 days for free spins
  • There is no maximum bonus amount.
  • 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
How did we rate this casino

In addition to an unlimited bonus, Coinkings.io has a lot to offer. We have a high tolerance for VPNs, an impeccable selection of cryptocurrencies and, above all, an experienced team that immediately provided a wide range of games. In combination, all of this is very convincing.

Author & Responsibility: Gregor Ziegler
Last update by Isabella Brown on 10. June 2024
Anjuan Gaming
Anjouan
Licence
Curaçao License
Curaçao
Licence
Up to 1 BTC + 100 Free Spins
Welcome bonus
BETSFTD
Cryptocurrencies (24)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Chainlink_Logo
  • dai-logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Polygon (MATIC) Signet
  • Ripple XRP Logo
  • Tether (USDT) Logo
  • tron-logo
  • usd-coin-logo
  • Zcash Signet (black)
Bets.io review
Bonus Information Bets.io
Wagering requirements 40x deposit + bonus
40x free spins winnings
Minimum deposit 0.00034 BTC or equivalent
Maximum bet 0.00003 BTC or equivalent
Bonus validity 30 days to claim
14 days to wager
  • Minimum deposit: 0.048 BCH • 0.0068 ETH • 0.26 LTC • 154 DOGE • 20 USDT • 40 XRP • 180 TRX • 48 ADA • 0.04 BNB • 20 BUSD • 20 USDC.
  • Maximum bet per round: 0.005 BCH • 0.0007 ETH • 0.03 LTC • 15 DOGE • 2 USDT • 4 XRP • 19 TRX • 4.8 ADA • 0.004 BNB • 2 BUSD • 2 USDC.
  • Free spins are credited on “Max Miner” by Gamebeat, 20/25 free spins per a day.
How did we rate this casino

Bets.io is our number 1 among crypto casinos because they have kept everything great about Dama Casinos, such as their excellent game selection and well-known reliability, while eliminating the frustrating KYC processes and traditional payment methods that can hinder the full crypto casino experience.

Author & Responsibility: Steven Harper
Last update by Isabella Brown on 10. June 2024
Curaçao License
Curaçao
Licence
100% up to 1 BTC
Welcome bonus
Cryptocurrencies (9)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Tether (USDT) Logo
  • tron-logo
  • usd-coin-logo
Metaspins review
Bonus Information Metaspins
Wagering requirements 40x bonus
Minimum deposit 0,1 mBTC
Maximum bet $5 per spin
Bonus validity 7 days to wager
  • There is no cap on winnings or withdrawals.
How did we rate this casino

Metaspins is still a very young crypto casino, but it can already convince with a very modern website, a good selection of games and, above all, an excellent bonus.

Isabella Brown
Author & Responsibility: Isabella Brown
Last update by Michael Schmitz on 14. June 2024
Curaçao License
Curaçao
Licence

Latest News

Isabella Brown

Created by

Online Gambling, Greece and my dog Gringo are my three favorite things in my life. Before working for Kryptocasinos.com I was leading the content team of an iGaming Online magazine where I was focused on researching casinos, their licenses and the connection between the members of the industry.
Reviewed by
Nerd of Numbers

Last update: 11. June 2024

kryptocasinos.com Logo Advertising transparency

We are independent, transparent and funded by revenue we generate when you sign up at a casino through us.

Our goal is to help you make better decisions when choosing a casino by offering different information, providing filters and comparison tables, and publishing objective content. Thus, we give you the opportunity to research for free, compare casinos and make your decision based on that.

We cannot guarantee that a casino that is very good for us will fit your type of player and your circumstances.

Why trust us?

We work according to transparent editorial guidelines and disclose our testing methods as well as funding. This article may contain links to our partners, but this does not influence our objective view in any way.

🍪
We use cookies. By using this site, you accept them.

Compare Casinos Choose up to 3 casinos to compare