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đWeekly Recap: Liquid Restaking Tokens Boom
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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 Grayscaleâs Bitcoin ETF waned, while ETH enjoyed a boon from Standard Chartered tipping that an Ether ETF will receive approval in May.
Ethereumâs 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.