EigenCloud (prev. EigenLayer) 

EIGEN Price

What is the EigenCloud protocol?

EigenCloud (formerly EigenLayer) is a verifiable cloud platform built on Ethereum that lets developers run offchain workloads — AI inference, prediction markets, data availability — with cryptographically verifiable results. Security comes from restaking: participants re-pledge staked ETH or liquid staking tokens to back services called AVSs (Actively Validated Services). Eigen Labs launched restaking in June 2023 and rebranded the ecosystem to EigenCloud on June 17, 2025. EIGEN is the platform's ERC-20 token.

Why did EigenLayer rebrand to EigenCloud?

Eigen Labs rebranded EigenLayer to EigenCloud on June 17, 2025, expanding an Ethereum restaking protocol into a developer platform for verifiability-as-a-service. EigenCloud unifies three components: EigenDA for data availability, EigenVerify for dispute resolution, and EigenCompute for offchain execution — the final staged component of the alpha rollout. The rebrand changed the product scope, not the asset: aggregators list the same token under both names, with the ticker EIGEN unchanged.

What is the EIGEN token used for?

EIGEN secures EigenCloud services through staking. Stakers commit EIGEN alongside restaked ETH to back AVSs such as EigenDA, and usage fees for EigenCloud services flow to staking rewards. The team describes EIGEN as a "universal intersubjective work token": disputes about work outcomes resolve through forkability-based slashing, the mechanism behind EigenVerify.

How is the EIGEN token supply allocated?

Per DropsTab data, total EIGEN supply is 1,842,134,916 tokens with no hard maximum cap. The allocation splits seven ways: Investors 29.5%, Early Contributors 25.5%, Ecosystem Development 15%, Stakedrops 11.9%, Future Community Initiatives 10.9%, Community Initiatives 4.1%, and Future Stakedrops 3.1%. Investors and Early Contributors together control 55% of allocated supply — the dominant concentration on the supply side.

What does EIGEN's token unlock schedule mean for investors?

EIGEN's vesting schedule is the token's structural supply overhang. TGE took place on October 1, 2024, when the full Stakedrops tranche — about 199.6M EIGEN, 11.9% of supply — unlocked at once. Per DropsTab vesting data, the calendar carries 104 scheduled unlock events, dominated by weekly Community Initiatives releases of roughly 1.1M EIGEN. The largest tranches — 493.7M for Investors and 426.8M for Early Contributors — release on multi-year schedules, producing steady monthly supply expansion.

Who backed EigenLayer and how much did it raise in funding?

EigenLayer raised approximately $234M across four rounds. Per DropsTab fundraising data, those rounds comprise a $14.4M seed in August 2022 (Blockchain Capital, Figment Capital), a $50M Series A led by Blockchain Capital in February 2023 (Polychain Capital, Electric Capital, Coinbase Ventures also participated), a $100M round led by a16z crypto at a $1B valuation in February 2024, and a $70M OTC purchase of EIGEN tokens on June 17, 2025.

What does repeated a16z investment say about EigenCloud's maturity?

a16z crypto anchored the last two rounds: $100M in February 2024 and $70M in EIGEN tokens at the EigenCloud launch on June 17, 2025. Repeat deployment from the same tier-1 fund across two rounds signals sustained institutional conviction in the EigenCloud thesis. Disclosed a16z purchases do not approach 20% of supply, so no single-VC supply concentration risk is documented.

How did the EigenLayer airdrop work?

EigenLayer's stakedrop rewarded restakers across two seasons. Season 1 took its snapshot on March 15, 2024, with claims open May 10 – September 7, 2024. Season 2 claims ran September 16, 2024 – March 16, 2025 through the Eigen Foundation claims site. Both claim windows have closed. The stakedrops drew on the 11.9% Stakedrops allocation, which unlocked in full at TGE on October 1, 2024.

Can you still earn EigenLayer points?

No — both tracked EigenLayer campaigns have ended. Point Farming ran from June 13, 2023, and awarded Restaked Points to users who re-pledged native ETH or liquid staking tokens; those points fed stakedrop eligibility. An Ambassador Program for community representation launched on March 14, 2025. DropsTab lists both as ENDED with no live earning activity. Staking EIGEN to secure EigenCloud services remains the ongoing participation route — usage fees flow to staking rewards.

Where can you buy the EIGEN token?

EIGEN trades on 50+ spot markets, with CEX venues dominating liquidity. Tier-1 listings include Binance (EIGEN/USDT, USDC, TRY, FDUSD), Coinbase (EIGEN/USD), Kraken (USD, EUR), and OKX (USDT, USDC, USD, EUR, TRY). Perpetual futures trade on Binance Futures, OKX, Bybit, Hyperliquid, and Kraken Futures. On DEXs, EIGEN trades on Uniswap v3 (EIGEN/WETH, EIGEN/USDC) on Ethereum and Aerodrome on Base.