Withdrawals from Restaking Protocols Cause 13% Drop in EigenLayer's Total Value Locked

The total value locked on EigenLayer has decreased by 13% to $15.1 billion in the last 30 days, despite ether trading at a similar level to June. This drop can be attributed to the unpredictable nature of points farming and the limited returns on restaking protocols. However, Ether.fi has experienced growth during this period. Billions of dollars worth of ether have been withdrawn from restaking protocols in the past month as the sector faces the fickleness of crypto investors.