EigenLayer TVL is down nearly $2.30 billion over the past 30 days, with Renzo and Kelp TVL also down
Although the price of Ethereum is similar to June, currently trading at $3,200, the total value locked on the EigenLayer has decreased by 13% ($2.28 billion) in the past 30 days to $15.10 billion; the total value locked on restaking protocols such as Renzo and Kelp has decreased by 45% and 22% respectively. This outflow is mainly due to the vagaries of the points system and the limited returns of restaking protocols, and in part because they want to maximize returns by earning more points that can be converted into airdrops.