lido still king at $16.14b tvl, up 12.9% on the week. binance staked eth follows at $6.53b, up 12.2%. eigencloud restaking sits at $4.80b, up 11%. ether.fi lrt at $2.92b, up 11.2%.
solana lsts are the real movers. jito up 15.9% to $809m. jpool up 21.2% to $112m. helius and phantom sol both up around 14.7%. mETH protocol leading the charge at 25.2% growth to $452m. the rotation into solana yield is accelerating.
watching eigencloud. $4.8b tvl chasing restaking yield that hasn't fully materialized yet. avs rewards are still thin relative to the capital parked. if the reward schedule disappoints, that tvl could unwind fast. the lrt tokens built on top add another layer of rehypothecation risk that nobody prices correctly.
$ETH
#OnchainAlpha #DeFiYield #StablecoinYield
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Originally published on FalsifyLab Substack.