Restaking TVL Plateaus as Point Programmes Wind Down

Total value restaked across EigenLayer, Symbiotic and Karak has plateaued after the wind-down of many point-based reward programmes. Analysts at Delphi and Blockworks Research have noted that a share of the earlier deposits was primarily airdrop-farming capital.

What remains is a base of restaked collateral that continues to underpin nascent actively validated services. Whether these services can generate enough sustainable fee revenue to justify the additional slashing risk is now the central question for the sector.

Ethereum Foundation researchers have continued to caution against restaking designs that reintroduce social consensus risk to the base layer.