EigenLayer's Cap Lift Draws $4B Inflow Amid ETH Restaking Steam

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. It's time now to take a look at the chart of the day Liquid Staking platform, Eigen Leer's cap lift prompted $4.3 billion of fresh inflows. Recently, the increase in inflows comes after Eigen Leer removed its staking cap on February 5th. A decision designed to invite organic demand according to a blog post, the window for liquid staking was closed on February 10th. Since then, the further $600 million rise in total value locked can be attributed to increasing asset prices. The rise in Eigen layer's total value locked is mirrored in a wider surge across the DFI sector with a total amount of capital locked on defi protocols standing at over $71 billion. The highest point since June 2022. That's rap for today's chart of the day. I'm Jen Sani and we'll see you next time to unpack more of the data behind top news stories.