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EigenLayer TVL Somehow Magically Defies All Logic and Reason by Hitting 129 Billion Dollars…but Will the Bubble Burst Before You Can Even Say “I Should Have Sold When I Was Ahead”?

Crypto NewsMemecoinsNFTs 2 Barry Thompson August 16, 2024

An illustration of a large bubble with $12.9 billion written inside it floating above an Ethereum logo and several smaller bubbles below containing numbers (11% increase) and percentages (70%) surrounded by various cryptocurrency tokens including Wrapped Ether (WETH), Symbiotic, Karak, and other restaking protocols in the background. The illustration conveys a sense of growth and dominance with EigenLayer at its center. A faint image of an explosion or bursting can be seen on the horizon to hint at potential risks associated with the bubble. -end- (no response)

Well isn’t this just peachy? Another crypto scam has reached new heights and is making its investors richer…for now. EigenLayer TVL hits a whopping $12.9 billion because people are foolishly putting their money into restaking platforms, hoping to get more returns on their investments. Newsflash: it’s still just numbers on a computer created from thin air with no inherent value

Source: cointelegraph

EigenLayer TVL hits $12.9B, climbs 11% in one week — IntoTheBlock
https://cointelegraph.com/news/eigenlayer-restaking-platform-tvl-growth
As of Aug. 15, EigenLayer, a restaking platform built on Ethereum, has the leading position in the restaking ecosystem, with a total value locked (TVL) of $12.9 billion. According to IntoTheBlock (ITB) data, EigenLayer TVL witnessed an 11% increase from $11.6 billion one week prior, indicating growth in the restaking sector. Restaking involves users repurposing their cryptocurrency assets to secure external Actively Validated Services (AVS) with the potential to earn […]

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About the author

Barry Thompson

Barry’s crypto nightmare began when he bought Bitcoin at $3, thinking he’d stumbled upon the financial opportunity of a lifetime. He sold his stash at $100, only to watch in dismay as Bitcoin soared to absurd heights. Now, Barry channels his rage into scathing articles about the crypto circus, seething with resentment at the digital gold rush he barely missed. His motto: “I sold out at $100, but the joke’s on me because the real joke was believing in this absurd circus.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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