以太坊液體恢復行業經歷了大量的衰退

Eigenlayer是一種中間件協議，使用戶能夠在應用程序之間重新啟動ETH，以獲得共享的安全性，它的TVL從2024年6月的峰值下降到540萬ETH的峰值到440萬ETH

The Ethereum liquid restaking sector has experienced a downturn, with the total value locked (TVL) across protocols dropping approximately 37% from its December 2024 peak of over $18.3 billion to around $12 billion, according to DeFiLlama data.

根據Defillama的數據，以太坊液體恢復行業經歷了下滑，從2024年12月的峰值降至183億美元，至120億美元的總值鎖定的總價值（TVL）下降了約37％。

Highlighting this trend, middleware protocol EigenLayer, which allows users to restake ETH for shared security across applications, has seen its TVL decrease from a June 2024 peak of 5.4 million ETH to 4.4 million ETH. This decline can be attributed to EigenLayer tightening its deposit caps to manage risk as the protocol scales.

強調這種趨勢的中間件協議Eigenlayer允許用戶重新啟動ETH以跨應用程序共享安全性，從而使其TVL從2024年6月的540萬ETH的峰值下降到440萬ETH。這種下降可以歸因於特徵層收緊了其存款蓋以在協議規模的情況下管理風險。

Other liquid restaking protocols have also faced declines. Notably, Ether.fi has bucked the trend, with its TVL steadily increasing since January 2024. Commencing at just 44,000 ETH, the protocol's TVL has reached 2.75 million ETH.

其他液體重新生產方案也面臨下降。值得注意的是，Ether.fi自2024年1月以來一直穩步增長趨勢，該協議的TVL穩步增長。

This growth can be attributed to new integrations, improved user onboarding, and the launch of its ETHFI governance token in spring 2024. Currently, ETHFI is trading at $1.31, with a market capitalization of $388 million.

這種增長可以歸因於新的集成，改善了用戶入職以及其Ethfi治理令牌在2024年春季的推出。目前，Ethfi的交易價格為1.31美元，市值為3.88億美元。

Ether.fi's success is linked to its offering of both points exposure and actual ETH staking yield, rendering it appealing in a risk-off market. Additionally, its diverse selection of tools, including plans to build a full banking suite with other asset types and credit cards combined with points and other incentives, has helped drive TVL.

Ether.fi的成功與其提供點曝光和實際的ETH分支收益率有關，使其在冒險市場中具有吸引力。此外，其各種各樣的工具選擇，包括與其他資產類型和信用卡結合點和其他激勵措施建立完整銀行套件的計劃，這有助於推動TVL。

In contrast to the liquid restaking sector, Solana's DeFi ecosystem has experienced remarkable growth, reaching a total value locked (TVL) of over $10 billion in early 2025. This surge is attributed to the expansion of decentralized exchanges (DEXs), lending platforms, and liquid staking protocols.

與液體恢復行業相反，Solana的Defi生態系統經歷了顯著的增長，在2025年初達到了超過100億美元的總價值（TVL）。這種激增歸因於分散交易所（DEXS），貸款平台，貸款平台和液體靜止協議的擴展。

DEXs such as Raydium and Jupiter have seen significant increases in trading volumes, with daily volumes now exceeding $10 billion, outpacing Ethereum's activity. Moreover, lending protocols like Kamino have expanded their offerings, rendering the ecosystem more robust.

Raydium和Jupiter等DEX的交易量顯著增加，每天的數量超過100億美元，超過以太坊的活動。此外，像卡米諾這樣的貸款協議已經擴大了產品，使生態系統更強大。

The introduction of memecoins, notably the "TRUMP" token, has further fueled Solana's DeFi activity, attracting substantial liquidity and user engagement. These developments, combined with Solana's high throughput and low transaction fees, have positioned it as a formidable player in the DeFi space contrasting with Ethereum's current challenges in the liquid restaking sector.

Memecoins的引入，尤其是“特朗普”代幣，進一步推動了Solana的Defi活動，吸引了大量的流動性和用戶參與。這些事態發展，加上Solana的高吞吐量和低交易費用，將其定位為在Defi空間中的強大參與者，與以太坊當前在液體恢復行業中面臨的挑戰形成鮮明對比。