- Google Cloud joins EigenLayer’s mainnet as a node operator.
- EigenLayer has enabled cross-platform Ethereum staking.
- Enterprise capital invests in EigenLayer, reflecting blockchain sector development.
Google Cloud took a big step ahead in its blockchain growth by becoming a member of EigenLayer’s mainnet as a node operator. Sam Padilla, Google Cloud’s Web3 product supervisor, introduced this growth, highlighting the corporate’s proactive stance within the Web3 area.
On his X account, he acknowledged,
I’m excited to share that the @googlecloud Eigen Layer mainnet operator is up and working! Congrats to the @eigenlayer crew on a profitable mainnet launch. I’m excited for what’s coming!
EigenLayer’s revolutionary framework permits for Ethereum staking throughout a number of platforms, enabling stakers to interact with the community. Having participated in EigenLayer’s testnet since November 2023, Google Cloud’s determination to function as a mainnet node alerts its intent to enhance restaking protocols.
By transitioning from EigenLayer’s “Operator Working Group” place to an vital community operator, Google Cloud has demonstrated a daring method within the Web3 area since establishing its blockchain division in early 2022. The corporate launched the Blockchain Node Engine, initiated a Web3 startup program, and constructed partnerships with key protocols like Polygon and LayerZero.
In the meantime, EigenLayer has applied measures to keep up decentralization by its operator registry in response to rising issues relating to centralization inside cloud companies. As such, Google Cloud’s involvement has been seen as a optimistic contribution, enhancing the protocol’s resilience and inclusivity.
Furthermore, EigenLayer’s mainnet type addresses information availability issues by EigenDA. The mainnet launch had sure setbacks, such because the absence of slashing mechanisms. Nonetheless, the launch marks a big development towards protocol maturity.
EigenLayer clarified this growth, saying, “We’re permitting the EigenLayer market to develop and stabilize earlier than introducing in-protocol funds and slashing to the mainnet later this 12 months.”
In gentle of this growth, EigenLayer’s complete worth locked (TVL) has surpassed $13.33 billion, making it the second-largest DeFi protocol. The DeFi area has additionally seen an uptick, boasting a TVL exceeding $3.82 billion. This development aligns with the emergence of liquid restaking tokens (LRTs), spearheaded by EtherFi.
Equally, enterprise capital is shifting focus to those rising blockchain developments. For example, in February, Andreessen Horowitz, a personal American enterprise capital agency, invested $100 million in EigenLayer. Moreover, Binance Labs’ backing of Renzo displays the potential of the liquid restaking sector.
EigenLayer’s Renzo Protocol integrates Ethereum good contracts to assist ease the restaking course of. With a TVL nearing $3 billion, it’s the second-largest liquid restaking protocol.
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