[Profitability of Re-Staking Protocols Significantly Reduced, Far Below That of Regular Liquid Staking] According to DeFiLlama data, the total value locked (TVL) in re-staking protocols stands at $10.02 billion, generating approximately $100,000 in fees last week. In comparison, regular liquid staking, with a TVL of $51.87 billion, earned $27.35 million during the same period. The top five protocols—Renzo, Kelp, Swell, Puffer Finance, and Bedrock—reported combined profits of $953,000 this quarter, down from $2.18 million three quarters ago. Ether.fi's EigenLayer re-staking operations contributed $2.87 million in gross profit in the second quarter, but the company's total profit declined 47% year-over-year, dropping from $18.71 million in Q3 2025 to $9.99 million this quarter. (Source: CoinDesk)