TON-based restaking protocol secures $100M institutional TVL commitment

Interest in restaking and liquid staking protocols is surging across notable blockchain networks, including Ethereum and Solana.

Utonic, an emerging restaking protocol on The Open Network (TON) received a $100 million institutional commitment in total value locked (TVL) ahead of protocol launch.

The TON-based restaking protocol received a $100 million commitment from firms including TonStake, iZUMi Finance, InfStones, SatLayer, and StakeStone.

The protocol aims to contribute to TON’s security and decentralization, according to Lemon Lin, co-founder of Utonic. Lin told Cointelegraph:

Interest in restaking and liquid staking protocols is surging across notable blockchain networks, including Ethereum and Solana.
Utonic, an emerging restaking protocol on The Open Network (TON) received a $100 million institutional commitment in total value locked (TVL) ahead of protocol launch.The TON-based restaking protocol received a $100 million commitment from firms including TonStake, iZUMi Finance, InfStones, SatLayer, and StakeStone.The protocol aims to contribute to TON’s security and decentralization, according to Lemon Lin, co-founder of Utonic. Lin told Cointelegraph:Read more