EigenLayer's launch had a significant impact on Ethereum staking, with its total value locked (TVL) growing 14 times in just over a year, attracting over $15 billion in deposits. This growth has made it the second largest DeFi project in terms of TVL. The re-staking protocol not only adds value to staked ETH by using it for applications outside the Ethereum mainnet, but also affects the ETH market by reducing the available liquidity ETH on exchanges. This shift indicates a market structure that sees ETH as a long-term, yield-bearing investment, potentially reducing its volatility and attracting a wider range of investors. Currently, the market sentiment towards Ethereum is positive, with recent price increases and a "greedy" reading on the Ethereum fear and greed index.