English | Español | Français
Market Cap: $ 3.44 T 24h Vol: $ 97.70 B BTC Share: 63.02%
BTCNEWS
  • Bitcoin
  • ETF
  • Prices
  • Exchanges
  • Glossary
bitcoinBTC/USD
$ 109,115.24 0.25%
No Result
View All Result
BTCNEWS
  • Bitcoin
  • ETF
  • Prices
  • Exchanges
  • Glossary
BTCNEWS
No Result
View All Result
Home Latest

Launching of EIGEN Token Unlock, Introducing Over $6.5b FDV to Market

EigenLayer's Native Token EIGEN Launches on Major Exchanges, Quickly Establishing a Firm Market Presence

Mark Valerius by Mark Valerius
October 1, 2024
Share on FacebookShare on Twitter

Key Points

  • EigenLayer’s native token EIGEN has been launched and is now trading at $4.10 per token.
  • The token has been listed on several major exchanges including Binance and MEXC.
  • EigenLayer’s native token, EIGEN, has officially been launched and is currently priced at $4.10 per token. On October 1, at 05:00 UTC, EIGEN was listed on major exchanges including Binance and MEXC. The token is now transferable and has a fully diluted value surpassing $6.5 billion.

    Token Information and Use Cases

    Data from Coinmarketcap shows that EIGEN’s price has increased by 10% to $4.10. Approximately 1.68 billion tokens are now in circulation, including 86 million tokens that were airdropped to early protocol users. One trader deposited a total of 5.24 million EIGEN tokens, equivalent to around $21.5 million USD, across five addresses since the token’s launch.

    According to an EigenLayer post, developers can construct Actively Validated Services (AVS) using EIGEN staking. Stakers directly contribute to the security of these services and diversification of use cases, while partners incorporate EigenLayer’s security to improve their protocols. The protocol also intends to launch a programmatic incentives reward for stakers and operators supporting AVSs.

    EIGEN, as described on the protocol’s website, is a “universal intersubjective work token”. The token’s purpose is to address the challenges of “universality, isolation, metering, and compensation”. It plans to utilize social consensus and forking to perform various digital tasks.

    The protocol, built on Ethereum, accepts ETH deposits and offers users the opportunity to secure additional networks for extra yield. In recent years, EigenLayer has emerged as one of the largest entities in the crypto industry offering staking solutions. Data from DeFi Llama reveals that EigenLayer is the third-largest player in the DeFi industry, with over $10.9 billion in total value locked.

    EigenLayer’s protocol uses staking technology that allows Ethereum stakers to reuse their tokens on other protocols. Other popular liquid staking solutions in the crypto industry include Symbiotic, Puffer Finance, and Lido, in addition to EigenLayer.

    Tags: Ethereum (ETH)

    Related News

    crypto scam phone

    Cybersecurity Firm Kaspersky Warns Against Crypto Malware ‘SparkKitty’

    June 27, 2025
    xrp ripple

    Ripple Co-Founder Breaks 14-Year Silence – What’s Next For XRP?

    June 25, 2025
    spain crypto

    Major Spanish Bank Recommends 7% Crypto Investment For Wealthy Clients

    June 18, 2025
    bitcoin debate

    Core Developers Are ‘Risk To Bitcoin’ In Governance Battle, Says JAN3 CEO Samson Mow

    June 10, 2025
    bitcoin
    Bitcoin (BTC)
    Rank: 1
    $ 109,115.24
    Price (BTC)
    Ƀ1.00000000
    Marketcap
    $ 2.17 T
    Volume
    $ 28.82 B
    24h Change
    0.25%
    Total Supply
    19.89 M BTC

    • About Us
    • Contact
    • Advertise
    X-twitter Telegram Facebook Instagram Youtube Medium Linkedin

    Information you can trust

    BTCNews.com provides Bitcoin news and other cryptocurrency news, reaching millions of crypto enthusiasts daily.

    It offers comprehensive coverage of business, financial, and international news related to digital assets.

    Serving professionals through digital platforms, industry conferences, and direct updates, BTCNews.com is a premier provider of blockchain and crypto news.

    Disclaimer: The information provided by BTCNews.com is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments are highly volatile and involve significant risks.

    Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. BTCNews.com is not responsible for any losses incurred due to the use of information provided on this site.

    • © 2008 - 2024 BTCNews.com
    • Terms of Use
    • Privacy
    • Cookies
    No Result
    View All Result
    • Market
      • Crypto Prices
      • Crypto Exchanges
    • Learn
      • Glossary
    • News
      • Latest

    © 2008 - 2024 BTCNews.com