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EigenLayer peaked with $20 billion in total value locked (TVL) before dropping to $7 billion, while Symbiotic currently holds $825 million, according to DefiLlama

Symbiotic has reported that fourteen networks, including Hyperlane, Spark, and Avail, have already adopted its coordination layer, with 20 more expected to follow

Symbiotic launched in 2024 as an alternative to EigenLayer, with backing from Lido’s co-founders and Paradigm

Misha Putiatin, co-founder of Symbiotic, said that the project is expanding beyond restaking to support protocols that want to build their own security models rather than share security

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