Ethereum Restaking Crisis: Yield Hunters Abandon Legacy Protocols
A seismic 37% TVL drop saw Ethereum restaking crash from $18.6B to $12B as airdrop hype faded. Yield hunters flocked to Solana’s lightning-fast 65,000 TPS network and rock-bottom $0.025 fees, injecting $10B into its DeFi ecosystem. African markets drove the shift, demanding cost efficiency over brand loyalty. While [Ether.fi](http://Ether.fi) holds ground with real yields, DeFi’s new kings prioritize speed, sustainability, and accessibility over legacy dominance.