Binance Research: The Restaking Segment is Growing

According to Binance Research, the total volume of locked assets in restaking protocols grew by 700% in 2024. The market has also expanded beyond the Ethereum ecosystem.

EigenLayer, a project that offers a Security-as-a-Service based on Ethereum, is a pioneer in this industry. It has formed a three-component market consisting of restakers, node operators, and active validation services (AVS).

The team plans to launch the mainnet for EigenLayer in the second half of 2024. Currently, DeFi Llama reports that the protocol has approximately $8.9 billion worth of assets locked up.

This development is noteworthy as restaking protocols not only allow tokens to be re-staked outside the primary network, but also offer a solution for the security issues faced by other blockchains.