EIGENLAYER: THE BLACKHOLE FOR ETHEREUM

Summary from the TLDR Crypto newsletter

Franklin Templeton’s Digital Asset Division released a one-page report on EigenLayer. The report introduces the restaking narrative, describing it as a way to secure multiple networks simultaneously and increase the yield from staking ETH. EigenLayer’s immense growth over the past year is attributed to the potential token airdrop to stakers. It has captured over 1% of the total ETH supply with over 2 million ETH restaked in the protocol.