TechFlow reports that EigenLayer, a restaking protocol, has temporarily lifted its 200,000 ETH staking cap, resulting in a $750 million increase in total value locked (TVL) within hours.
According to DefiLlama data, over one million ETH flowed into the protocol within two hours of EigenLayer removing its deposit cap, pushing its cumulative TVL beyond $3 billion, currently reaching $3.12 billion.
Lido's stETH token accounted for 80% of EigenLayer's new deposits, amounting to approximately $560 million.
The removal of deposit limits on liquid staking tokens (LSTs), as explained in a recent EigenLayer blog post, aims to "increase organic demand." The new cap is scheduled to take effect on February 9, although the project stated it plans to permanently remove deposit restrictions at some point in the future.
