During this period, about 3.55% of ETH was withdrawn from circulation. Liquid restaking protocols account for 27% of the coins sent to the deposit contract. In other words, there is a transfer of wealth to participants who generate additional income from maintaining the network’s security.
Experts pointed out that over time, the real yield component could make ownership of ETH less attractive and negate Ethereum’s function as a monetary asset in the Ethereum ecosystem. Restaking allows users to stake their assets multiple times on the main blockchain and additional protocols. Since the beginning of the year, the restaking sector has been actively growing.
The leader was the ether.fi project with $3.2 billion.