EigenLayer TVL Down Nearly $2.3 Billion in Last 30 Days
While the price of Ether is reportedly similar to that of June, currently trading at $3,200, the total value locked up on EigenLayer has fallen by 13% ($2.28 billion) to $15.1 billion over the past 30 days, while the total value locked up in repledging agreements such as Renzo and Kelp has fallen by 45% and 22%, respectively.
This outflow is largely attributable to the vagaries of the points system and the limited returns of the repledging agreements, and partly to a desire to maximize returns by obtaining more points that can be converted into airdrops, which are then shifted to other programs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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