Eigenlayer

24h change: -2.07%. From $0.1804 to $0.1767.

• An attacker exploited Kelp DAO's bridge, draining $292 million in rsETH across chains and causing a $6 billion TVL drop at Aave. The incident exposed risks in restaking liquidity layers and bridges. It underscores vulnerabilities in the EigenLayer restaking ecosystem as protocols pause and investigate.
• EigenLayer has rebranded to EigenCloud and secured $70 million investment in EIGEN tokens from a16z. The move supports development of its restaking platform and developer tools. This capital infusion comes as the protocol maintains high TVL in restaking.

24h change: -1.47%. From $0.1825 to $0.1798.

• Kelp DAO, a liquid restaking protocol that routes ETH through EigenLayer, suffered a $292 million exploit on April 18 due to issues with wrapped ether across chains. The incident caused a $6 billion TVL drop at Aave from related collateral postings. It underscores risks in DeFi integrations with restaking protocols like EigenLayer. EigenLayer's core protocol was unaffected.

24h change: +2.59%. From $0.1772 to $0.1818.

• a16z crypto bought $70 million in EIGEN tokens to back the EigenCloud developer platform launch. EigenCloud enables verifiable apps for AI finance and more using EigenLayer restaking security. This investment expands prior funding and supports protocol growth.
• EigenLayer reached over $15 billion in TVL driven by AVS launches and ETH staking updates. This highlights growing restaking adoption on Ethereum. Recent figures show a dip to $9.7 billion amid market conditions.
• Eigen Labs launched Redistribution on EigenLayer mainnet as the next slashing iteration. This improves functionality for Actively Validated Services. It strengthens economic security for the restaking ecosystem.

24h change: +0.08%. From $0.1834 to $0.1836.

• a16z crypto bought $70 million in EIGEN tokens to back the EigenCloud developer platform launch. EigenCloud enables verifiable apps for AI finance and more using EigenLayer restaking security. This investment expands prior funding and supports protocol growth.
• EigenLayer reached over $15 billion in TVL driven by AVS launches and ETH staking updates. This highlights growing restaking adoption on Ethereum. Recent figures show a dip to $9.7 billion amid market conditions.
• Eigen Labs launched Redistribution on EigenLayer mainnet as the next slashing iteration. This improves functionality for Actively Validated Services. It strengthens economic security for the restaking ecosystem.

24h change: +0.65%. From $0.1825 to $0.1837.

• Kelp DAO, a liquid restaking protocol on EigenLayer, lost $292 million in a bridge exploit using LayerZero, minting unbacked rsETH across chains. rsETH was deposited on Aave as collateral, leading to bad debt and emergency freezes across lending protocols. Ethereum TVL fell from $321 billion to $304 billion amid the incident.
• Coinbase advisory board report warns of quantum threats to crypto, quoting EigenLayer founder among experts. It notes 6.9 million BTC exposed and urges immediate preparation for post-quantum upgrades. Current quantum hardware cannot break chains but harvest-now-decrypt-later attacks are possible.