- Google Cloud connects to EigenLayer’s fundamental community as a node operator.
- EigenLayer has enabled multi-platform Ethereum staking.
- The enterprise capital invests in EigenLayer, reflecting the expansion of the blockchain sector.
Google Cloud has taken a big step ahead in blockchain improvement by becoming a member of the EigenLayer mainnet as a node operator. Sam Padilla, Google Cloud’s Web3 product supervisor, introduced the event and emphasised the corporate’s proactive stance within the Web3 area.
On his account X said,
Excited to share that the @googlecloud Eigen Layer core community operator is dwell! Congratulations to the @eigenlayer workforce for efficiently launching the mainnet. I am excited for what’s to return!
The revolutionary EigenLayer framework permits Ethereum to be staked on a number of platforms, permitting stakeholders to affix the community. As Google Cloud has been taking part within the EigenLayer testnet since November 2023, Google Cloud’s determination to behave as a mainnet node alerts its intention to enhance resuming protocols.
Shifting from EigenLayer’s “Operator Working Group” place to a significant community operator, Google Cloud has demonstrated a daring strategy within the Web3 house for the reason that institution of its blockchain division in early 2022. The corporate launched the Blockchain Node Engine, initiated the Web3 startup program, and constructed partnerships with key protocols corresponding to Polygon and LayerZero.
In the meantime, EigenLayer has applied measures to take care of decentralization by its operator registry in response to rising issues about centralization inside cloud providers. As such, the involvement of Google Cloud was seen as a constructive contribution that will increase the resilience and inclusiveness of the protocol.
As well as, EigenLayer mainnet ordering solves information availability points by EigenDA. Launching the mainnet had some obstacles, such because the absence of hacking mechanisms. Nonetheless, the launch represents vital progress in direction of protocol maturity.
EigenLayer clarified the event by saying, “We’re permitting the EigenLayer market to develop and stabilize earlier than the introduction of in-protocol funds and restrictions to the mainnet later this yr.”
In gentle of this improvement, EigenLayer’s Complete Locked Worth (TVL) has surpassed $13.33 billion, making it the second largest DeFi protocol. The DeFi house has additionally seen an uptick, boasting a TVL in extra of $3.82 billion. This development is according to the emergence of Liquidity Change Tokens (LRTs), spearheaded by EtherFi.
Equally, enterprise capital is concentrating on these rising blockchain developments. For instance, in February, Andreessen Horowitz, a non-public American enterprise capital agency, invested $100 million in EigenLayer. Moreover, Binance Labs’ help of Renzo displays the potential of the liquid change sector.
EigenLayer’s Renzo protocol integrates Ethereum good contracts to assist facilitate the re-counting course of. With a TVL approaching $3 billion, it’s the second largest fluid trade protocol.
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