Ethereum re-staking protocol Renzo TVL tops $700 million

According to BlockBeats news, on March 3, according to official website data, the Ethereum re-pledge protocol Renzo TVL exceeded US$700 million, reaching US$717 million. BlockBeats previously reported that Renzo announced the completion of a $3 million seed round of financing in mid-January. This round of financing was led by Maven11, with participation from SevenX Ventures, Figment Capital and IOSG. Binance Labs also recently announced its investment in Renzo to support liquidity re-hypothecation on the EigenLayer ecosystem.