Ethereum, liquid restaking hype elevate Web3 TVL by $1.7B
In this week's Web3 Hot Trends report, we delve into the dynamic landscape of decentralized finance (DeFi) as the industry's Total Value Locked (TVL) surges by $1.71 billion, reaching $105.94 billion. While major ecosystems experienced slight declines, Ethereum stands out with a $2.04 billion TVL increase, driven by the fervor surrounding liquid restaking projects like EigenLayer. Additionally, lesser-known platforms such as Mode and EthereumFair witness exponential growth, while Avalanche faces a $123.1 million TVL drop ahead of a significant token unlock. Stay informed about these developments and more with our comprehensive analysis of the latest Web3 trends.