The Defiant


馃殌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聽 outflows聽from Grayscale鈥檚 Bitcoin ETF waned, while ETH enjoyed a boon from Standard Chartered tipping that an聽 Ether ETF聽will receive approval in May.

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