EigenLayer TVL down about $2.28 billion in last 30 days

July 25 (Bloomberg) -- The total value locked up on EigenLayer has fallen 13 percent to $15.1 billion over the past 30 days, a decrease of about $2.28 billion, even though the ethereum is trading at a similar level as it did in June, according to CoinDesk. In addition, TVL on repledging agreements such as Renzo and Kelp have lost 45% and 22%, respectively. Some of the outflows can be attributed to depositors' desire to earn points that will eventually be converted into airdrops and subsequently transferred to another program to maximize returns.

For other programs, yields are too low compared to specific yield-generating protocols such as Ethena, which yields 3.43% per annum for Renzo and over 10% per annum for Ethena. One repledging program that successfully bucked the trend was ether.fi, which increased its TVL by $100 million.