Restaking: When the global crypto market enters the shared security era

Restaking is moving blockchains from “building security separately” into a “shared security market,” enabling assets such as ETH and BTC to become security resources that are spillover-capable and programmable.

EigenLayer expands the design space of security services through AVSs, allowing security budgets to be priced according to risk and forming the most important “security interest rate market” of the new cycle.

With ecosystems such as BTC, Tron, TON, and Solana joining, Restaking is upgrading from an Ethereum trend into a cross-chain infrastructure revolution, pushing the industry into an era of capital efficiency and the marketization of security.

Restaking is transforming the staking capabilities of Ethereum and multi-chain assets into a globally reusable shared security infrastructure, reshaping the capital efficiency, security structure, and growth model of the crypto industry.

Restaking is becoming the most penetrating underlying paradigm of the new cycle, allowing blockchain for the first time to reuse security in the same way that the internet reuses computation, enabling originally isolated economic systems to transform into security networks that are shareable, reusable, and capable of collaborative growth. After Ethereum established the world’s largest “crypto-native interest rate” and “security budget” through PoS, the emergence of Restaking allows this security budget to spill over to other networks, thereby turning ETH from merely a settlement-layer asset into a set of security infrastructure that is spillover-capable, programmable, and financializable.

This trend accelerated rapidly between 2024 and 2026. According to EigenLayer’s official data, the scale of assets participating in Restaking grew from less than USD 5B to over USD 13B within one year; if including all Liquid Restaking Protocols (LRTs), BTC Restaking, and multi-chain shared security networks, the total Restaking scale across the entire network exceeded USD 30B by the end of 2025, which is 2–3 times the data of EigenLayer alone. Meanwhile, the number of active verification tasks (AVS) continues to climb, with more than 30 AVSs running or preparing for mainnet launch on EigenLayer, and the restaking market is gradually forming a complete security service ecosystem; in addition, Superfluid Staking, BTC Staking, on-chain T-Bills being restaked, as well as Tron / Ton / Solana attempting to connect to shared security, are expanding Restaking from an Ethereum-only trend into a cross-chain infrastructure revolution.

WHY IS RESTAKING BECOMING THE “SHARED SECURITY ENGINE” OF THE NEW ERA?

The security structure of traditional blockchains is closed and redundantly constructed: every chain must issue its own Token, pay its own security budget, and independently incentivize nodes, forcing the entire industry to pay for “duplicated security costs.” Restaking breaks this structure by allowing Ethereum’s security to spill over to external systems as a “rentable resource,” turning ETH stakers into providers of cross-chain security.

This means:

New protocols no longer need expensive independent security budgets

Ethereum-staked assets gain new yield curves

Security becomes a tradable market rather than token-subsidized inflation

The larger an ecosystem grows, the more high-value AVSs (Actively Validated Services) it attracts, forming a network effect

For this reason, the essence of Restaking is not “earning an additional layer of yield,” but establishing a global shared security market, allowing security budgets to become reusable, composable, and financializable like computing power.

EIGENLAYER: THE CORE CLEARING & INTEREST-RATE LAYER OF SHARED SECURITY

EigenLayer’s key innovation does not lie in yield, but in its transformation of “security” from a static attribute into a “delegable service.” ETH stakers opt in to provide services for AVSs (sequencers, bridges, oracles, consensus networks, AI execution networks, etc.), and AVSs no longer need to issue high-token subsidies to incentivize nodes, thereby obtaining high-grade security at extremely low cost.

EigenLayer’s current official TVL has reached USD 13B, and its security budget scale far exceeds the incentive capacity of most L1s. More importantly:

The design space of AVSs is expanding rapidly, such as cross-chain consensus layers, data availability layers, sequencing networks, AI agent networks, etc.

Security can be priced based on risk, gradually forming a “security interest rate market”

EigenLayer’s role is expanding from Ethereum to a cross-chain service clearing layer

This means EigenLayer is not a new L1 but an “internet-level security API provider.”

RESTAKING’S SECOND WAVE: BTC, TON, TRON & THE MODULAR STACK

ETH is not the only participant.

1. BTC Staking (Babylon, BounceBit, Lombard)

As of December 2025, according to publicly disclosed locked-asset data from major BTC staking/restaking protocols such as Babylon and BounceBit, the BTC staking market has reached a multi-billion-dollar scale and continues to grow, becoming the second-largest source of high-quality security assets after ETH.

BTC’s “zero inflation + global brand + irreplaceable security model” makes it the most promising Restaking asset.

2. TON, Tron, and Solana are also building restaking pathways

Tron (Justin Sun): The team has publicly announced the TRX Restaking architecture, turning TRX staking into reusable security services

TON: Exploring shared security models, though Restaking has not yet officially launched

Solana: Advancing multi-validator and security marketization mechanisms, still in exploration

Restaking has therefore rapidly expanded from Ethereum to a multi-chain trend, forming a shared security structure involving multiple assets and multiple networks.

RESTAKING’S REAL VALUE: CAPITAL EFFICIENCY & SECURITY MARKETIZATION

Restaking is often misunderstood as “staking again to earn additional yield,” but its fundamental value lies in:

Releasing capital efficiency: ETH shifts from single-purpose staking to becoming a provider of security services

Security shifting from subsidies to market pricing: AVSs purchase different levels of security based on risk

Security becoming a scale-driven economic force: ETH / BTC / TON / TRX jointly form a “multi-asset security layer”

This is a growth model that traditional token incentives can never achieve.

CONCLUSION: RESTAKING AS THE NEXT-GEN SHARED SECURITY STANDARD

Looking back at Ethereum’s evolution—from smart contracts → L2 → rollups → modular architecture—we can see that Restaking is its next structural leap, because it expands not only Ethereum, but the security boundaries of the entire industry.

In the coming years, we will see:

AVSs being invoked like cloud computing services

Security becoming a cross-chain public resource, like computing power

ETH / BTC / TRX / TON jointly forming a “multi-asset security layer”

Restaking becoming the default security base for every chain, every infrastructure, and every AI agent network

The significance of Restaking has never been “restaking for more yield,” but transforming the entire industry from “rebuilding security repeatedly” into a “shared security network.” This is the most structurally certain opportunity of the new cycle.

Read More:

Pendle: Building the Blueprint for DeFi Fixed Income in the Era of Yield Splitting and Restaking

INSIGHTS FROM COINRANK’S AMA: RESTAKING’S ROLE IN ETHEREUM’S FUTURE

〈Restaking: When the global crypto market enters the shared security era〉這篇文章最早發佈於《CoinRank》。