đ° Top 10 Liquid Restaking Protocols to Watch in 2025 đ
1. Ether.fi
TVL: $6.5 billion
Ether.fi stands out as one of the largest and most prominent liquid restaking protocols in the DeFi ecosystem. It allows Ethereum stakers to receive eETH.
2. EigenLayer
TVL: $1.5 billion
EigenLayer is revolutionizing cryptoeconomic security by enabling Ethereum stakers to restake their ETH or liquid staking tokens (LSTs) to provide security for dApps.
3. Pendle
TVL: $700 million
Pendle is a permissionless yield-trading protocol that allows users to tokenize their yield-bearing assets into Principal Tokens (PT) and Yield Tokens (YT).
4. Restake Finance
TVL: $1 billion
Restake Finance is a modular liquid staking protocol specifically designed for the EigenLayer ecosystem. It allows users to restake their LSTs into Actively Validated Services (AVSs) .
5. Puffer Finance
TVL: $1.7 billion
Puffer Finance offers a unique approach to liquid restaking by minimizing slashing risks and introducing validator tickets, which ensure rewards regardless of validator performance.
6. Kelp DAO
TVL: $1 billion
Kelp DAO is an emerging liquid restaking protocol built on EigenLayer, focusing on providing users with a simplified process to restake ETH and other assets such as stETH, ETHx, and sfrxETH.
7. Inception
TVL: $850 million
Inception is a liquid restaking protocol built on the Ethereum mainnet that takes a unique approach by offering Isolated Liquid Restaking Tokens (iLRTs).
8. Frax Ether (Frax Finance)
TVL: $2 billion
Frax Finance, known for its algorithmic stablecoin system, has expanded into the liquid staking and restaking space with Frax Ether.
9. Stader Labs
TVL: $2.5 billion
Stader Labs has established itself as a multi-chain liquid staking protocol that enables users to stake assets across networks like Ethereum, Binance Smart Chain, and Solana.
10. Rocket Pool
TVL: $2 billion
Offers users the ability to restake their rETHthrough EigenLayer and other services.
