EigenLayer ecosystem map: core protocol, AVSes, RaaS and restaking protocols
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Maps the EigenLayer ecosystem into four layers (core protocol, AVSes, RaaS tooling, restaking protocols) and names leading examples in each, with Kelp above $180M TVL as the largest restaking protocol.
Key claims
Kelp TVL over $180M
AltLayer leads the EigenLayer RaaS category
AltLayer token launching on Binance the next day
The market is down.
Your bags are under water.
What it means? That it's your last chance to do your research and position yourself for @eigencloud season before the big wave.
Alpha-🧵 on what you should be watching
1/ If you've been in crypto for a while, you probably know how to handle these corrections.
If you're new to this, don't panic. We're here for the long run.
In the bull, one good play can change your life. You just need to know what to look for.
2/ Novel & disruptive tech gives rise to new narratives.
That's where you should focus on.
@eigencloud will be the most significant launch since Ethereum. Its general-purpose layer for programmable trust enables you to bootstrap decentralized networks to run arbitrary programs.
3/ The @eigencloud system is powered by a mechanism called restaking, where liquid staking derivatives serve as the collateral within a crypto-economic security mechanism.
4/ The mechanism allows ETH stakers to secure applications and infrastructure bootstrapped on @eigencloud.
Essentially subjecting their stake to additional slashing conditions in exchange for rewards.
5/ The networks built on @eigencloud are generally referred to as Actively Validated Services (AVS).
These AVS incentivize @eigencloud using their own native token (normally).
Many AVS are infra building blocks themselves and have other apps/networks build on top of them.
6/ @eigencloud can literally enable any use case. Including:
✦ Data Availability Layers
✦ Decentralized Sequencers
✦ Low-Latency Bridges
✦ Oracle Networks
✦ MEV-Aware Block Builders
✦ Fast Finality Settlement Layers
✦ Restaked Rollups
7/ To abstract even more complexity in building with modular building blocks that are bootstrapped on top of @eigencloud's restaking mechanism, Rollup-as-a-Service providers offer frameworks to easily piece these components together in modular network configurations.
8/ To simplify the restaking UX and act as an intermediary between restaker and AVS, restaking protocols provide the LSD fuel that the system needs.
9/ This means we have all the ecosystem participants together:
✦ Eigenlayer Protocol
✦ Protocols built on Eigenlayer
✦ Infrastructure Tooling
✦ Restaking Protocols
10/ Now, let's have a look at how is building what and you can get exposure to these verticals.
Positioning yourself ahead of the crowd on upcoming narratives is what can set you apart in the bull and make you massive gains.
11/ 💎 Eigenlayer Protocol
Restake your LSDs and earn EigenLayer points to position yourself for an upcoming EIGEN airdrop.
Restaking will also make you eligible for @eigencloud ecosystem airdrops. @alt_layer is the first piece of evidence to this.
12/ 💎 Protocols built on Eigenlayer
There is a number of interesting protocols that are bootstrapping decentralized validator sets for specific network functions on top of @eigencloud.
13/ One example is @MangataFinance which uses @eigencloud to bootstrap a fast finality layer.
A core piece of its architecture, this enables an omni-chain liquidity layer using ZK proofs to validate state (via the fast finality layer & finally Ethereum).
x.com/zerokn0wledge_/status/1737443087339675978
14/ Another example is @HyperspaceAI, which will eventually be an AI-native Layer 1 blockchain which enshrines a novel AI virtual machine and is solely bootstrapped on EigenLayer.
x.com/zerokn0wledge_/status/1742271353154347308
15/ Definitely also keep an eye on @0xMantle.
It will be the first general-purpose EVM rollup that relies on @eigen_da for data availability.
Backed by a $2.5B treasury, hundreds of millions in ecosystem incentives and @eigencloud hype could make for the perfect storm.
16/ The MNT token is already live and can be one way of getting yourself exposure to the @eigencloud ecosystem.
However, I think its also worth looking for ecosystem plays. There are a lot of interesting projects building in the @0xMantle ecosystem.
x.com/0xMantleEco/status/1749979943424155858
17/ 💎 Infrastructure Tooling
Rollup-as-a-Service will turn into a major narrative.
These infrastructure providers offer comprehensive no-code solutions to launch (app-specific) modular blockchains in minutes.
18/ They put the modular puzzle pieces together in one cohesive framework and abstract complexity for builders.
Additionally, RaaS platforms support diverse tech stacks and allow for a high degree of customization at every level of the stack.
19/ Through RaaS providers many @eigencloud-based, modular building blocks like @eigen_da, fast finality layers or shared sequencers will find adoption.
The leader in the EigenLayer ecosystem is @alt_layer, which pioneers the concept of Restaked Rollups.
x.com/zerokn0wledge_/status/1741150041786720322
20/ @alt_layer is launching its token on @Binance tmrw.
I am personally very bullish on RaaS and AltLayer in specific. There will be thousands of networks built on this.
Also: @CelestiaOrg has already turned into an airdrop farm. @eigencloud will soon too. Next up? @alt_layer.
21/ 💎 Restaking Protocols
Last but not least, there is a growing ecosystem of restaking protocols that fuel the whole system and effectively power the crypto-economic security layer.
My fren @Louround_ provides a great overview here! 👇
x.com/Louround_/status/1743007824039543264
22/ The largest restaking protocol (measured in TVL) is @KelpDAO with over $180M in ETH staked.
Its liquid restaking derivative rsETH enables users to stay liquid while the protocol simplifies overall UX (choosing AVS to secure, rewards claim, etc.)
x.com/zerokn0wledge_/status/1736726918530310462
23/ With @KelpDAO you can maximize the amount of @eigencloud points you earn (there is an additional 1'000'000 points up for grabs for ETHx minters)!
Additionally, you can earn Kelp Miles to position yourself for the KELP airdrop!
x.com/zerokn0wledge_/status/1748390699979178192
24/ Obviously there is more and innovation moves fast.
Hundreds or even thousands of projects will build on top of @eigencloud's programmable trust layer that enables to generalize Ethereum beyond the limitations of the EVM
This will give rise to novel use cases & applications!
25/ Also, restaking & liquid restaking tokens will enable a new sector of DeFi.
LRTFi will be huge & protocols like @vectorreserve, the first Liquidity Position Derivative (LPD) protocol powered by @eigencloud & Superfluid Staking are already building.
x.com/eli5_defi/status/1749748963664961970
26/ Don't fade @eigencloud season anon.
This is the most significant protocol launch since Ethereum and you have the chance to position yourself now.
DYOR and capitalize on the edge you have by making life-changing gains!
I hope you've found this thread helpful! 🫡
Make sure to follow me @zerokn0wledge_ to stay ahead on the curve on all things @eigencloud and restaking! ✨
Like/Repost of the below post is also highly appreciated! 🙏👇
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