• Google Cloud will take part in EigenLayer's mainnet as a node operator.
• EigenLayer permits cross-platform Ethereum staking.
• Reflecting the expansion within the blockchain house, enterprise capital is investing in EigenLayer.

Google Cloud has taken a serious step in blockchain improvement by becoming a member of EigenLayer's mainnet as a node operator. Sam Padilla, his supervisor of Web3 merchandise at Google Cloud, introduced this improvement and highlighted the corporate's aggressive stance within the Web3 area.

On his X account he stated:

We're completely satisfied to share that the @googlecloud Eigen Layer mainnet operator is now stay. Congratulations to the @eigenlayer group on the profitable mainnet launch. I can't wait to see what occurs subsequent!

EigenLayer’s revolutionary framework permits Ethereum staking throughout a number of platforms and permits stakers to take part within the community. The choice to function as a mainnet node on Google Cloud, which has been taking part in AigenLayer's testnet since November 2023, alerts an intention to enhance the restaking protocol.

Google Cloud has demonstrated a daring method within the Web3 house since establishing its blockchain division in early 2022 by shifting from EigenLayer's “Operator Working Group” place to changing into a key community operator. The corporate launched its blockchain node engine, launched the Web3 startup program, and likewise cast partnerships with main protocols corresponding to Polygon and LayerZero.

In the meantime, EigenLayer has launched measures to keep up decentralization via its operator registry in response to rising considerations about centralization inside cloud providers. Google Cloud's involvement is due to this fact seen as a optimistic contribution that strengthens the protocol's resilience and inclusiveness.

Moreover, EigenLayer's mainnet sorting addresses knowledge availability points via EigenDA. There have been sure obstacles to the mainnet launch, corresponding to the shortage of a slash mechanism. However, this announcement represents vital progress in the direction of the maturation of the protocol.

EigenLayer revealed this improvement, saying, “We are going to introduce in-protocol funds later this yr, permitting the EigenLayer market to evolve and stabilize earlier than rolling it out to mainnet in earnest.”

Given this improvement, EigenLayer's Complete Worth Locked (TVL) exceeded $13.33 billion, making it the second largest DeFi protocol. The DeFi house can be on the rise, with TVL exceeding $3.82 billion. This progress coincides with the emergence of Liquid Restaking Tokens (LRTs) led by EtherFi.

Equally, enterprise capital corporations are shifting their focus to this rising blockchain development. For instance, in February, Andreessen Horowitz, an American personal enterprise capital agency, invested $100 million in EigenLayer. Moreover, Binance Labs’ help of Renzo displays the potential of the liquidity danger sector.

EigenLayer’s Renzo protocol integrates Ethereum sensible contracts and facilitates the restaking course of. TVL approaches his $3 billion mark and is his second largest liquid restaking protocol.