The Liquid recollateralization protocol presently holds $8.5 billion price of ether.
Ethereum’s restaking area continues to swell, with the entire worth locked in liquid restaking tokens hitting an all-time excessive.
On April 1, the TVL of the Liquidity Token Heavy Token (LRT) protocol jumped 4% to a brand new excessive of over $8.5 billion, in keeping with DeFi Llama. The milestone follows continued progress amongst high mild rail initiatives, led by Renzo with 51.4% weekly progress and 191% month-to-month progress, with TVL reaching $2.2 billion.
In proportion phrases, Swell is the second-best performing mild rail practice, with a seven-day progress fee of 33.5% and a 109% progress fee for the month, reaching $261.1 million. EtherFi, the trade’s largest protocol, additionally achieved 17.5% weekly progress and 78% month-to-month progress, hitting a brand new excessive of almost $3.38 billion.
EigenLayer (the Ethereum re-mortgage protocol) presently has $12.4 billion in TVL, 1% beneath its all-time excessive, and LRT’s total re-mortgage dominance has reached an all-time excessive.
EtherFi’s not too long ago airdropped ETHFI token has additionally rebounded strongly, in stark distinction to the downward worth motion usually related to airdropped tokens.
Presently buying and selling at $6.45, in keeping with CoinGecko, though ETHFI is down 24% from its all-time excessive three days in the past, the token is up 55.5% from its opening worth on March 18. ETHFI can be up 123% from its all-time low on March 19.
Whereas liquidity recollateralization continues to drive exercise on Ethereum’s base layer, the second layer of the community is presently internet hosting surging buying and selling volumes on decentralized exchanges.
In accordance with information from L2beat, Linea, Base, and Arbitrum all have higher 24-hour throughput than the Ethereum mainnet, with these networks internet hosting 30.4 transactions per second (TPS), 25.8 TPS, and 20.4 TPS over the previous day, in comparison with 15.1 TPS on Ethereum. .
Exercise on Base and Linea hit all-time highs for the community, with TPS leaping 73.5% and 68.4% respectively. In accordance with the 7-day transferring common, the present whole throughput of L2 is greater than 10.5 occasions that of Ethereum Layer 1.
Base is rising throughout the board, with on-line TVL rising 62.7% in 7 days to succeed in $3.2 billion. Base-native DeFi protocols have additionally reached a excessive of $1.2 billion in whole worth locked (TVL) since early March, in keeping with DeFi Llama.
Base’s progress is pushed by memecoin merchants migrating to the Uniswap community Tweet On March 31, the every day buying and selling quantity of its Base deployment exceeded $1 billion for the primary time.
The community’s high memecoin is DEGEN, which is up greater than 1,000% in two weeks.
Along with being the community token for the mission’s newly launched layer 3 community, Degen Chain, DEGEN has additionally fueled the token’s new use as a grant financing device on Base, driving its spectacular earnings.
On March 1st, Augur product supervisor Tom Kysar, Tweet Degen Chain has attracted $60 million in on-line TVL and ranks eighth by on-chain transaction quantity.
