Andreessen Horowitz Invests $100M in Ethereum Restaking Startup EigenLayer

The investment aims to enhance Ethereum's ecosystem by enabling staked ETH to be restaked across various decentralized applications.

Andreessen Horowitz announced a $100 million Series B investment in EigenLayer, a startup focusing on Ethereum restaking.
EigenLayer's technology allows staked ETH to be reused for securing additional decentralized applications without leaving the initial consensus mechanism.
The investment follows a $50 million Series A funding round and highlights a16z's commitment to supporting the Ethereum ecosystem.
EigenLayer's protocol is in a phased rollout, with plans to support actively validated services (AVS) for securing other networks.
The total value locked (TVL) in EigenLayer has nearly quadrupled this month, reaching close to $8 billion.