Massive increase in liquid restaking TVL: By December 15, the total value locked (TVL) in Ethereum’s liquid restaking reached an impressive 17,260 million USD, from only 284 million USD at the beginning of 2024, indicating a significant surge as liquidity interest escalated.
Role of Liquid Restaking Tokens: Liquid Restaking Tokens (LRTs) have streamlined the staking process, enabling users to stake their derivative tokens alongside their original ETH. This innovation enhances capital efficiency in decentralized finance (DeFi) while simplifying access to network activities.
Price fluctuations in Ethereum: Despite its extraordinary growth, Ethereum (ETH) experienced notable price fluctuations, peaking above 4,000 USD in March. As of mid-December 2024, ETH traded around 3,894.95 USD, highlighting the inherent volatility in the crypto market.