Report: Liquidity re-staking token protocol TVL increased to US$13.812 billion in the first half of the year, with ether.fi accounting for nearly half

According to a report from Node Capital, the popularity of the Liquidity Restaking Token (LRT) protocol has surged, eroding the TVL of other DeFi sub-fields. Report data shows that by June 20, LRT TVL had grown to $13.812 billion, a significant increase from $164.3 million at the beginning of the year. The report noted that this growth highlights that "LRT adoption and trust are growing rapidly in the DeFi ecosystem." Ether.fi still dominates the LRT market, accounting for about 50% of the share, or $6.52 billion, and other major players include Renzo, Puffer, Kelp, etc. In addition, while LRT has exploded, some LST protocols have seen a large outflow of ETH. The report also believes that for an industry that is based on decentralization but is still dominated by centralized entities, the LRT protocol may be what is needed to promote the transition to true decentralization. (Bitcoin.com)