📝 Editor’s Note:
Happy Friday everyone. Today the OurNetwork community is digging into restaking, a subsector of crypto whereby staked assets' security is redesignated to secure other systems.
Restaking has had quite a glow-up. It's gone from an idea with less than $20M in total value locked less than two years ago, to a space with over $20B, according to our friends at DefiLlama. That's over 1,000-fold growth.
We'll be covering ether.fi, Swell, and Jito, key players in restaking, below.
– ON Editorial Team
Restaking 🔁
ether.fi | Swell | Jito
ether.fi 🏦
👥 Craig Le Riche | Website | Dashboard
📈 Ether.fi Proves Its Role as DeFi’s Leading Liquid Restaking Platform with 154K ETH Supply Growth Over the Past Month and Over 2.5M ETH TVL
Ether.fi is the fourth largest DeFi protocol with $6.8B in TVL. Its diverse offerings include its flagship restaking token weETH/eETH. Over the past month, weETH/eETH saw supply grow by 154K ETH, reinforcing its role as a prominent staked ETH collateral. Onchain usage of weETH across decentralized exchanges (DEXs) saw positive momentum, totaling 27,749 ETH in TVL across 10+ chains as of May 27, 2025. As a destination for the asset, Ethereum leads with 16,608 ETH, affirming deep liquidity for core DeFi integrations. Berachain follows with 8,589 ETH. Then comes Arbitrum with 1,275 ETH and Base with 1,028 ETH.
Aave dominates as a venue for weETH/eETH with 1.86M ETH in TVL and 88% utilization. There's consistent growth across other ecosystems as well though — Spark has 21.23K ETH, Compound has 18.82K ETH, Zircuit has 43.22K ETH, and Pendle has 11.86K ETH. All are gaining traction via specialized yield strategies. Aave v3 collateral grew to 1.69M ETH, worth well over $4B at the time of writing.
