EigenLayer Restaking and AVS are about to reshape multichain Yield Optimization — are you ready?

With the completion of the Dencun Upgrade, Ethereum and its associated ecosystem tokens are showing robust performance. Additionally, the launch of mainnets by modular projects and Ethereum Layer-2s further reinforces market confidence in the Ethereum ecosystem. The narrative of liquid restaking (LRT) has started to attract capital flows with the surge of EigenLayer projects. However, is the path of ETH -> LST - > LRT a catalyst for the Ethereum ecosystem or merely a nesting doll as most people claim?

Restaking, a concept introduced by EigenLayer in June 2023, allows users to restake their already-staked ETH or liquid staking tokens (LSTs) to enhance security for decentralized services on Ethereum and earn additional rewards. Based on EigenLayer's restaking service, projects related to liquid restaking tokens (LRTs) have emerged.

CoinGecko added a Restaking token section, which allows users who have pledged their tokens to participate in extending the underlying security of the basic network to other protocols/networks. Currently, the overall market value of this section is $108,518,926, with the top three tokens being Picasso (PICA), Restake Finance (RSTK), and Wrapped eETH (WEETH).