Restaking TVL Passes a Key Milestone, but Systemic Risk Questions Linger
EigenLayer-style protocols now secure tens of billions in restaked ETH, raising fresh concerns from researchers about correlated slashing.
Anya Verma//Sep 4, 2025//6m
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EigenLayer-style protocols now secure tens of billions in restaked ETH, raising fresh concerns from researchers about correlated slashing.
The yield-tokenization protocol has emerged as an unexpected centrepiece of the points-and-airdrop economy, vacuuming up restaked-ETH liquidity.
Tokenized U.S. Treasuries, private credit funds, and money-market products now represent a meaningful slice of on-chain TVL, led by BlackRock's BUIDL.
Issuers are competing for stablecoin TVL by passing more of the underlying treasury yield through to holders, reshaping the long-static stablecoin landscape.