🚀Weekly Recap: Liquid Restaking Tokens Boom

The Defiant

Weekly Recap

Happy weekend Defiers!

The markets staged a partial recovery, with BTC up 10% and ETH up 5% from their respective local lows last week. BTC rallied as outflows from Grayscale’s Bitcoin ETF waned, while ETH enjoyed a boon from Standard Chartered tipping that an Ether ETF will receive approval in May.

Ethereum’s liquid restaking sector continues to surge, with combined TVL pushing past $1.3B. EtherFi, the leading LRT protocol, now holds $662M worth of ETH, while Puffer Finance rallied to a $200M TVL in its day of accepting deposits.