EigenLayer Is Removing LST Caps

• $878 million in 24hr liquidations.

• EigenLayer is removing LST deposit caps.

• EspressoSys expands to run on 100 nodes.

• Uniswap deploys on Blast.

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According to data from Coinglass, over $878 million in cryptocurrency has been liquidated in the past 24 hours. The surge comes amid a market sell-off earlier today, with Bitcoin dropping to a low of $65,000 and Ethereum falling to $3,190. Of the total liquidations, $784 million were from long positions, marking the largest liquidation event since March 5th, which saw just over $1 billion in liquidations. Ethereum's price is down by 8% in the last 24 hours, currently trading at $3,220. The total crypto market cap has fallen by 6.5%, from $2.7 trillion to $2.55 trillion.

EigenLayer announced plans to unpause all Liquid Staking Tokens (LSTs) deposit caps on Tuesday, April 16th at 9:00 AM PST. EigenLayer supports deposits for 12 LSTs. The move follows the completion of a three-phase mainnet launch, which includes support for restakers, operators, and actively validated services. Previously, in February, a 33% cap on restaking points for each LST category was imposed during the last deposit unpause. EigenLayer holds approximately 1.6 million ETH in LST deposits and 2.8 million ETH in native restaking deposits, totaling around 4.4 million ETH. EigenLayer's total value locked (TVL) is over $13.5 billion.

EspressoSys is expanding its network to run on 100 node operators across six continents with its upcoming Cappuccino testnet launch. The testnet features a sequencing marketplace where rollups can auction sequencing slots and a Byzantine Fault Tolerant (BFT) consensus finality layer that guarantees transaction immutability and rapid finalization on Ethereum L1. Set to launch later this month, the Cappuccino testnet will be used to test a decentralized, high-performance sequencing platform. The Espresso sequencer offers shared sequencing services, ensuring data availability and fast transaction finality for rollups.

Uniswap is now live on Blast, marking it as the 9th supported EVM-compatible chain on the DEX. Blast, an optimistic rollup that offers native yield, launched on mainnet in February and currently has a total value locked (TVL) of $1.5 billion, a decrease from the $2.3 billion worth of locked deposits held before its launch. Blast is also preparing for its Token Generation Event (TGE) scheduled for the second quarter of this year.

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