EigenLayer raises pledge cap as TVL soars above $3bn

Liquidity repledging agreement EigenLayer has temporarily lifted its pledge cap of 200,000 ETH, pushing the total value of its lockups (TVL) up by $750 million in a matter of hours, with DefiLlama's data showing $750 million in inflows within two hours of Eigenlayer's lifting of the cap, and a cumulative TVL of more than $3 billion. At press time, EigenLayer's official TVL stood at $3.2bn, an increase of $1bn compared to the previous day, with Lido's stETH tokens leading the way, accounting for $560m, or roughly 80 per cent, of the new deposits to EigenLayer.