Popular liquid staking platform Ether.fi has maintained its lead as the top platform in the sector, with over $3.74 billion in total value locked (TVL).
According to data from the block, the platform is managing over 1.03 million ETH, significantly higher than its competitors. The closest to this is the Renzo protocol, which manages $2.9 billion in user deposits as of April 9—a hefty difference.
The liquid restaking sector has witnessed massive growth over the past months. The surge has been primarily attributed to deposits on the EigenLayer protocol. Ether.fi alone has received more than $1.5 billion worth of deposits over the past month.
Last month, Ether.fi saw 120,000 ETH staked from an address owned by Tron founder Justin Sun.
Ether.fi is currently hosting a staking campaign dubbed “staking frens” in a bid to further bolster its TVL. A user who stakes 1 ETH will be rewarded with 1 ETHFI, the platform’s native token, every day until the campaign ends on…
Originally published at crypto.news by Rony Roy. Read more here.