Market size
Liquid staking protocols have become increasingly prevalent throughout the DeFi ecosystem. To highlight the tremendous scale of this industry it is pertinent to look at the scale of Lido Finance which boasts a TVL of $11billion dollars. It is important to refine this one step further with the addressable market size for EigenLayer in mind.
The financial future for EigenLayer looks promising due to recent increases in staking rewards. The annual staking income from the leading 25 proof-of-stake networks (excluding Ethereum) in the final quarter of 2022 amounted to approximately $3billion, a noteworthy increase from the $200m figure posted in the first quarter of 2020.
This provides Restake Finance with an attractive sizable market in which it will be assuming first mover advantage within, positioning it at the forefront of the evolution of yield.
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