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Zircuit’s Liquid Restaking Protocol Attracts $140 Million in Staked ETH in 24 Hours

Zircuit’s newly launched liquid restaking protocol has taken the market by storm, attracting an impressive $140 million in staked ETH within the first 24 hours of its mainnet launch. This groundbreaking development not only promises lucrative staking rewards but also introduces users to Zircuit points.

Restaking and liquid restaking have emerged as prominent trends in the crypto market, with EigenLayer leading the resurgence by restaking significant amounts of ETH and gaining attention within the community.

You can earn point with ref: DRAGON

What sets Zircuit apart is its introduction of a token, offering users the opportunity to engage in “farm airdrops” and earn points. This is a noteworthy deviation from most projects in this space, which lack a token-based incentive system.

The staggering $140 million deposited into the Zircuit platform underscores the sector’s growing appeal. Zircuit’s fundraising efforts received support from prominent investment funds, including Pantera, Dragonfly Capital, and Maelstrom. The mainnet launch on February 23 allowed users to stake ETH from platforms such as Lido Finance, Kelp DAO, Liquid Collective, Swell, and Renzo.

In addition to staking returns, users can accumulate Zircuit points, representing a new trend in the market through airdrop-based point systems.

On-chain data reveals that the wallet with the highest deposit is 1ef2, staking over $22 million worth of stETH and rsETH tokens.

Meanwhile, EigenLayer, a key player in the field, recently secured a $100 million investment from a16z, solidifying its position as one of the top five projects in the decentralized finance (DeFi) industry by Total Value Locked (TVL).

Currently, users and liquid restaking projects are vying to collect points from EigenLayer, with the enticing prospect of receiving airdrop tokens from this project. This trend has given rise to a new derivative – platforms facilitating point transactions, exemplified by Whales Market.

EigenLayer’s points boast a total volume exceeding $2.1 million, with an average price of $0.14 per point. With approximately 1.7 billion points in circulation, the estimated market capitalization is an impressive $250 million.

You can earn point via this link: https://stake.zircuit.com/?ref=dragon

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