The total value locked in liquid restaking protocols has surpassed $3.5 billion, indicating the niche’s growing interest among Ethereum investors.

Protocols such as Etherfi, Renzo, Kelp, Puffer and others have seen an increase in deposits over the last month. This increase is due to users opting to utilize EigenLayer through these platforms, which allows them to maintain access to their funds.

Etherfi has the highest TVL among these LRTs, exceeding $1.3 billion. Kelp has over $460 million in user deposits, while Renzo has a TVL of $346 million.

Puffer, the latest addition to the LRT landscape, recently saw a rapid increase in deposits, reaching the billion-dollar mark shortly after its launch. Other smaller LRT protocols include Bedrock with a TVL of $89 million, Swell at $66 million, …