Everclear's 'Chain Abstraction' Boosts Restake App's TVL by $1B

Everclear's 'Chain Abstraction' Boosts Restake App's TVL by $1B

Everclear's Chain Abstraction Technology Skyrockets Restake's TVL Everclear (formerly Certus One) recently announced that Restake (REZ), an Ethereum (ETH) liquid staking protocol, has harnessed Everclear's chain abstraction technology to introduce L2 liquid staking. This strategic move has resulted in a remarkable surge in Restake's total value locked (TVL) by $1 billion, a tenfold increase in unique end-user wallets (EOAs), and a substantial 90% reduction in gas fees. By leveraging Everclear's chain abstraction technology, Restake has established itself as the leading chain abstraction application, onboarding users seamlessly and chain-agnostically. This accomplishment underscores the transformative potential of Everclear's technology in revolutionizing the blockchain industry. Implications for the Blockchain Landscape Everclear's chain abstraction technology holds immense promise for the blockchain ecosystem. By enabling seamless and affordable跨链 interoperability, developers can create innovative decentralized applications (dApps) that transcend the limitations of individual blockchains. This, in turn, fosters an environment for increased collaboration and adoption, pushing the boundaries of what's possible within the blockchain realm. As Restake's experience vividly demonstrates, chain abstraction technology can unlock significant growth opportunities for dApps. The surge in Restake's TVL, user base, and efficiency boldly reflects the transformative power of this revolutionary approach. Everclear's Commitment to Innovation Everclear remains steadfast in its commitment to pushing the boundaries of blockchain technology. By providing developers with the tools and infrastructure they need to build groundbreaking dApps, Everclear aims to empower the next wave of innovation in the blockchain industry. The company's unwavering pursuit of excellence positions it as a driving force in shaping the future of blockchain technology.