The post Restaking: The Quiet Revolution Reshaping DeFi In 2023 appeared on BitcoinEthereumNews.com.
This year, restaking has emerged as a game-changing innovation in the crypto space. By leveraging existing staking networks and liquidity, restaking enables applications to enhance their security in a more efficient and scalable manner. The impact of restaking has been profound, with protocols attracting over $25 billion in assets, making it a foundational pillar of decentralized finance (DeFi) in 2023. Ethena, a standout leader in the sector with over $5.5 billion in total value locked (TVL), has integrated seamlessly with major platforms like AAVE and Morpho, solidifying its position as a driving force behind the restaking movement. Restaking emerged as a new primitive in crypto this year, enabling applications to be secured using existing staking networks or liquidity. Restaking protocols managed to attract over $25B in assets. pic.twitter.com/ko9T0vKsk8 — IntoTheBlock (@intotheblock) December 22, 2024 Many believe restaking could soon account for 20% of the total crypto market, a testament to its growing importance. Ethereum is leading the charge, with prominent protocols like $EIGEN and $PUFFER setting new standards in restaking. Meanwhile, on the BNB Chain, restaking is in its infancy but gaining momentum, thanks to the efforts of projects like @AutoLayer. Restaking is going to be 20% of the total crypto market soon – or that’s what people mostly agree on. Ethereum is winning with $EIGEN & $PUFFER. But on BNB Chain? Restaking just started, thanks to @AutoLayer #LAY3R is still tiny at $5M FDV, but the BNB Restaking leader is… — Crypto Fanz 💜💎 (@_CryptoFanz) December 21, 2024 One noteworthy player on BNB Chain is #LAY3R. Though still small with a fully diluted valuation (FDV) of just $5 million, the protocol has positioned itself as a leader in the burgeoning restaking ecosystem on BNB. Its rapid growth and development signal a promising future for restaking on the chain. As…