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We are Listing EigenLayer (EIGEN)

October 11, 2024
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1 min

EigenLayer is an innovative platform built on Ethereum that improves the utility of staked ETH by enabling "restaking". Restakers can use their staked ETH, including liquid staking tokens like stETH or rETH, as collateral across multiple protocols beyond Ethereum. This mechanism provides additional cryptoeconomic security for new decentralized protocols, allowing them to use Ethereum's validator set and capital base.

By offering restaking, EigenLayer allows operators to validate multiple networks at lower marginal costs, providing opportunities for increased rewards. This model increases the scalability and security of decentralized applications and infrastructures. Developers also benefit from access to EigenLayer’s trust network, opening up new possibilities for building secure, decentralized applications that can utilize staked ETH across various use cases.

What is the EIGEN token?

The EIGEN token currently serves key functions within EigenLayer, primarily focusing on governance and incentivization. It allows token holders to participate in decision-making processes for the platform, contributing to its decentralized governance.

Additionally, EIGEN is used to incentivize restakers and validators who provide security to new decentralized services integrated into EigenLayer, rewarding them for their contributions to the network’s security and operation. Here are some other things you need to know about the token:

  • Trading Volume (24h): The trading volume of EIGEN in the past 24 hours is $246.62 million.
  • Circulating Supply: The circulating supply of EIGEN is 186.58 million tokens.
  • Total Supply: The total supply of EIGEN is 1.68 billion tokens.

Trade EIGEN

Join the movement and unlock the future of staking! To do so, head over to our trading page and secure your first tokens.

Risk Disclosure Statement

The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Cryptology may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Katya V.

Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.