Analysis: Liquid Staking Protocol TVL Drops 38% from June Peak, EigenLayer Claims 84% Market Share
OurNetwork's latest re-staking analysis article states that user interest in re-staking grew in the first half of 2024, but has since stabilized. As of September 11th, the value of staked ETH in re-staking protocols, measured in USD, has decreased by 38% from its peak in June. After adjusting for ETH-USD volatility, ETH units have remained steady during this period, with limited new net inflows. Currently, there are 23 AVS (Alternative Validation Systems), with liquid staking accounting for 75% of the total TVL (Total Value Locked). Among these, EigenLayer holds an 84% market share, Symbiotic is second with a 12% market share, and Karak is third with a 4% market share. As of September 12th, EigenLayer experienced a net outflow of 94,000 ETH, approximately $222 million, over the past month. During the same period, Karak saw a net outflow of 14,000 ETH ($33 million). Symbiotic is the only protocol to experience a net inflow (253,000 ETH), approximately $598 million.