- #120
EigenLayer EIGEN
EIGEN Price
Market Cap
$787.37 MRank #120FDV
$6.27 BRank #46Investors
X Followers
Detailed Performance
EIGEN shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods
EIGEN to USD Converter
Price History
- All-Time High
- $5.651.52x to ATH
- All-Time Low
- $2.151.73x to ATL
- Trade Launch Date
- 1 Oct, 2024
85 days ago
Fundraising
See more- ICO Price
- --
- Funds Raised
- $164.40 M
- Tokens Sold
- --
Activities4
See moreExchanges
Exchanges type
Upcoming Events
About EIGEN
EigenLayer is a new platform built on Ethereum that seeks to provide developers with access to the Ethereum staked capital base, as well as the decentralized validator set. By allowing access to this, trust networks can make certain mechanisms possible, even though they were unavailable in the past. In its essence, EigenLayer operates as a set of smart contracts on Ethereum, which allow consensus layer Ether stakers to opt in to validate new software modules built on Ethereum’s blockchain. What this means is that stakers allow EigenLayer smart contracts to impose additional slashing conditions on their staked Ether coins, which extends the cryptoeconomic security. As a direct result of this, the security of Dapps that rely on the modules would be increased automatically. At the same time, ETH holders would pursue additional value using the new fee-generating opportunities. Finally, EigenLayer would also act as a staging system for Ethereum, allowing for new and innovative solutions to be battle-tested in manifold variations before they are integrated back into Ethereum, once the developers learn what version of their solutions work best.
What makes EigenLayer unique?
EigenLayer has a number of features that make it unique, starting with the project’s purpose itself, as the ability to restake is a new primitive in cryptoeconomic security.
Apart from that, the project also offers a feature known as Custom Decentralization, as the number of native ETH restakers is expected to grow exponentially over time. In time, services will be able to optimize for decentralization and enable censorship resistance via multilateral ordering and secret hashing.
Next, EigenLayer offers Custom Slashing, as it provisions cryptoeconomic security through various slashing mechanisms which levy a high cost of corruption. The slashing contract deployed by each service individually will dictate the terms and conditions of slashing.
Meanwhile, by choosing EigenLayer restaking with a specific service, stakers accept the risk of being subjected to slashing in accordance with the rules of the slashing contract.
Finally, there is Operator Delegation, which is an avenue for stakers interested in participating in EigenLayer, but not willing to run software containers of services themselves.
This will allow them to delegate EigenLayer operations to operators, which they will choose themselves based on criteria such as their trustworthiness, rewards that the staker receives, and preferences for services.
Live EigenLayer Price Data
The current price of EigenLayer (EIGEN) is approximately $3.72, reflecting a decrease of -6.35% in the last 24 hours. The EIGEN trading volume in the last 24 hours stands at $67.44 million. EigenLayer's market cap is currently $787.37 million, accounting for about 0.02% of the total crypto market cap. The circulating supply of EIGEN is 210.81 million.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand EigenLayer's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on EIGEN, check out our crypto insights page.