Ethereum Restaking Platforms Surge as Users Seek to Maximize Staking Rewards
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Ethereum restaking allows users to stake ETH on multiple protocols simultaneously, providing security and trust.
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Restaking market cap currently around $300 million, with top tokens like Pendle, Picasso, and Restake surging 20-40% in last 24 hours.
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EigenLayer is a major restaking middleware platform with $1.7 billion total value locked.
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Ethereum price has jumped 9% to top $2,600, boosting market cap back over $300 billion.
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Analysts speculate that restaking could become a key crypto growth narrative in 2024.