Yigit Taha OZTURK 
The Eigen Foundation has announced it will allocate 1% of the EIGEN token supply to the Protocol Guild, a group of core developers responsible for maintaining the Ethereum layer-1 blockchain. This allocation is aimed at supporting the ongoing work of the Protocol Guild, which currently consists of 180 members across 29 teams.
EigenLayer is a restaking protocol on Ethereum that allows assets like Staked Ether (STETH) to be repurposed and staked multiple times. This provides investors with additional yield opportunities while enabling other protocols to leverage Ethereum’s security. EigenLayer has positioned itself as a critical component of the Ethereum network’s infrastructure, drawing both praise and concern from the Ethereum community.
The Growing Popularity of Restaking
Restaking has been seen as a way to bring new capital into the crypto ecosystem, and it has the potential to create a new asset class. By allowing protocols to use restaked assets for network security, restaking alleviates the need for launching a token to secure the network, significantly lowering the barrier for developers and decentralized applications (DApps).
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According to DefiLlama, restaking protocols currently have a total value locked (TVL) of approximately $26.9 billion, with EigenLayer accounting for the majority of this, holding around $18.2 billion.
The EIGEN token gained significant attention, entering the top 100 cryptocurrencies by market capitalization in October due to the rise of EigenLayer. However, it has since dropped out of the top 100 and is currently ranked 108th by market cap.
In November, EigenLayer expanded its restaking options to include Wrapped Bitcoin products, allowing users to stake uniBTC on the ARPA Network, a protocol built on EigenLayer, in exchange for yield.
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