以太坊液体恢复行业经历了大量的衰退

Eigenlayer是一种中间件协议，使用户能够在应用程序之间重新启动ETH，以获得共享的安全性，它的TVL从2024年6月的峰值下降到540万ETH的峰值到440万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.

根据Defillama的数据，以太坊液体恢复行业经历了下滑，从2024年12月的峰值降至183亿美元，至120亿美元的总值锁定的总价值（TVL）下降了约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.

强调这种趋势的中间件协议Eigenlayer允许用户重新启动ETH以跨应用程序共享安全性，从而使其TVL从2024年6月的540万ETH的峰值下降到440万ETH。这种下降可以归因于特征层收紧了其存款盖以在协议规模的情况下管理风险。

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.

其他液体重新生产方案也面临下降。值得注意的是，Ether.fi自2024年1月以来一直稳步增长趋势，该协议的TVL稳步增长。

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.

这种增长可以归因于新的集成，改善了用户入职以及其Ethfi治理令牌在2024年春季的推出。目前，Ethfi的交易价格为1.31美元，市值为3.88亿美元。

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的成功与其提供点曝光和实际的ETH分支收益率有关，使其在冒险市场中具有吸引力。此外，其各种各样的工具选择，包括与其他资产类型和信用卡结合点和其他激励措施建立完整银行套件的计划，这有助于推动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.

与液体恢复行业相反，Solana的Defi生态系统经历了显着的增长，在2025年初达到了超过100亿美元的总价值（TVL）。这种激增归因于分散交易所（DEXS），贷款平台，贷款平台和液体静止协议的扩展。

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的交易量显着增加，每天的数量超过100亿美元，超过以太坊的活动。此外，像卡米诺这样的贷款协议已经扩大了产品，使生态系统更强大。

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”代币，进一步推动了Solana的Defi活动，吸引了大量的流动性和用户参与。这些事态发展，加上Solana的高吞吐量和低交易费用，将其定位为在Defi空间中的强大参与者，与以太坊当前在液体恢复行业中面临的挑战形成鲜明对比。