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Summary EigenLayer's TVL increased from $250 million to $1.7 billion in just one month. The re-staking sector is witnessing extraordinary growth. However, it is important to note that, in comparison to the overall volume of LSD, the re-staking sector still has considerable room for growth. For users primarily holding ETH, depositing ETH in LSD protocols like Lido and then re-staking the acquired stETH to earn another profit presents a more advantageous strategy over the long term. Additionally, apart from the anticipated EigenLayer airdrop, projects like AltLayer will also airdrop their tokens to EigenLayer re-stakers. This could result in profits significantly surpassing initial expectations.
- 12:36Sui Official: The problem has been identified and a fix will be released soonOn November 21, Sui announced that the Sui network is currently experiencing a malfunction and cannot process transactions. The problem has been identified and a fix will be released soon. Suiscan data shows that no new blocks have been produced on the Sui blockchain for two hours.
- 12:35ETH breaks through $3200, with an intraday increase of 2.30%Bitget market data shows that ETH just broke through $3200, currently quoted at $3201.44 per unit, with an intraday increase of 2.30%.
- 12:34IntoTheBlock: If Bitcoin consolidates at its current high, Ethereum may see a riseOn November 21, IntoTheBlock posted on platform X stating that Bitcoin has performed outstandingly in this round of increase, while Ethereum's on-chain activity shows complex signals. Historically, Ethereum often benefits after Bitcoin rises, but its current on-chain activity shows evenly distributed potential resistance levels. Despite this, these resistance levels may have limited impact in the current market. The number of new Ethereum addresses is still lower than previous bull market levels and may be affected by the popularity of Layer 2 solutions such as Base. Despite this, Base relies on Ethereum as a settlement layer. Daily transaction volume has slightly increased to 1.22 million transactions from 1.10 million three months ago. Transaction volume is climbing and large holders continue to accumulate showing long-term confidence in Ethereum. If Bitcoin consolidates at its current high level, there could be an increase for Ethereum.