# EigenLayer and LRTs

By [chandan](https://paragraph.com/@iamchandan) · 2024-05-10

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EigenLayer and LRTs have experienced similar and explosive growth, comparable to that of LSTs and LSTFi in previous months.

Currently, Lido dominates the LST market with a 71% share, followed by Rocket Pool at 9%, Binance at 5%, and others.

![](https://storage.googleapis.com/papyrus_images/e85d9ff79ca2419b71367033e43b699156ee127037d81316d8b9c03c40505bca.png)

With the introduction of EigenLayer's restaking, there has been a decline in the Liquid Staking TVL since March 12, as many users began staking their tokens natively on EigenLayer.

![](https://storage.googleapis.com/papyrus_images/1f99acce79e4eca122f3ac360f7e53f293730a6f34e96c89ae09b781e4b08848.png)

Looking at the restaking space, EigenLayer's TVL has seen explosive growth. Currently, there is $14 billion worth of LST + Eth locked on EigenLayer.

![](https://storage.googleapis.com/papyrus_images/75a2357be09f1e192f104233cccbb6c3c5811443980f598488c24678c3a7b7b5.png)

In terms of TVL distribution, 65% is native Eth and 34% is LST tokens. Within the LST tokens, the majority is stETH, followed by swETH, mETH, and others.

In the LRT market, eETH dominates with a 38% share, followed by ezETH at 32%, and then pufETH and rsETH. The market share of these tokens has remained mostly stable over time, although ezETH has shown significant growth.

Final thoughts:

*   _Currently, 1.8 million ETH is restaked on EigenLayer without LRT token representation. As LRT tokens are integrated into DeFi, this ETH is likely to be restaked through LRT protocols._
    
*   _As EigenLayer's TVL increases, a corresponding growth in LRT TVL can be observed._
    
*   _The TVL of LST protocols is expected to continue decreasing._
    
*   _Assuming there are no security vulnerabilities, leaders such as eETH and ezETH are likely to maintain their market lead in terms of TVL due to network effects._

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*Originally published on [chandan](https://paragraph.com/@iamchandan/eigenlayer-and-lrts)*