On June 25, ether (ETH) was trading at $3,300, a shade higher than Thursday’s price of $3,200. During that period, however, the total value locked (TVL) on EigenLayer – a protocol that links restaking protocols – slumped by $2.28 billion to $15.1 billion. Restaking protocols like Renzo and Kelp have lost 45% and 22% of their TVL, respectively, data from DefiLlama shows.
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