ETH restaking drives DeFi TVL to $100B, Solana releases patch for network congestion: Finance Redefined

📆 20/04/2024 03.42.00
📰 Cointelegraph

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Liquid staking TVL skyrocketed to an all-time high of $63 billion on March 13, primarily driven by Ether.

ETH restaking drives DeFi TVL to $100B, Solana releases patch for network congestion: Finance Redefined

Solana developers released a patch for the prolonged network congestion on the blockchain on April 15. They promised more patches in the near future to ensure the network returns to normalcy.Decentralized finance TVL almost doubled in the first three months of this year compared to the previous quarter, partially driven by Ethereum liquid restaking initiatives, according to recent research.

This patch contains enhancements that will help with some of the ongoing network congestion and will be followed by further enhancements in v1.18. The current version will help improve network congestion and issues with the open interest jump.Pseudonymous blockchain investigator ZachXBT warned about a group of scammers attempting to entrap more victims in a new fraud using millions of stolen funds.

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