{"id":172410,"date":"2024-10-01T12:38:30","date_gmt":"2024-10-01T12:38:30","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172410"},"modified":"2024-10-01T12:38:37","modified_gmt":"2024-10-01T12:38:37","slug":"eigenlayer-unlocks-eigen-token-market-opens-with-7-1-billion-valuation","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/eigenlayer-unlocks-eigen-token-market-opens-with-7-1-billion-valuation\/","title":{"rendered":"EigenLayer Unlocks EIGEN Token: Market Opens with $7.1 Billion Valuation"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">EigenLayer\u2019s EIGEN token launched on major exchanges with a $7.1 billion fully diluted valuation (FDV)<\/span><\/strong><span data-preserver-spaces=\"true\">, marking a significant milestone for the Ethereum restaking protocol.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">The token debuted at approximately $4.03 per token<\/span><\/strong><span data-preserver-spaces=\"true\">, with high trading volumes on exchanges like Binance and Coinbase, reflecting strong investor interest.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">EigenLayer released 200 million EIGEN tokens<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">, strategically allocated to foster a robust community and enhance Ethereum network security through innovative restaking solutions.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/eigenlayer\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">EigenLayer<\/span><\/a><\/strong><span data-preserver-spaces=\"true\">, a prominent Ethereum restaking protocol, <\/span><strong><span data-preserver-spaces=\"true\">has officially launched its highly anticipated<\/span><\/strong> <strong><span data-preserver-spaces=\"true\">EIGEN token<\/span><\/strong><span data-preserver-spaces=\"true\">. The token debuted on <\/span><span data-preserver-spaces=\"true\">major<\/span><span data-preserver-spaces=\"true\"> exchanges with an impressive fully diluted valuation (FDV) of $7.1 billion.<\/span><!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/ We\u2019re thrilled to announce the unlocking of the EIGEN token, a big step for the <a href=\"https:\/\/twitter.com\/eigenlayer?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@eigenlayer<\/a> ecosystem. <\/p>\n<p>This opens up new possibilities for open innovation, shared security, and participation across the network.<\/p>\n<p>More \u2193 <a href=\"https:\/\/t.co\/HIG33eyV92\" target=\"_blank\">pic.twitter.com\/HIG33eyV92<\/a><\/p>\n<p>&mdash; Eigen Foundation (@eigenfoundation) <a href=\"https:\/\/twitter.com\/eigenfoundation\/status\/1840965914486882379?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 1, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">A Milestone in Restaking<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">EigenLayer\u2019s innovative approach to <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/restaking\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">restaking <\/span><\/a><span data-preserver-spaces=\"true\">has garnered significant attention<\/span><\/strong><span data-preserver-spaces=\"true\"> within the crypto community. By allowing users to restake their Ethereum assets, EigenLayer aims to enhance network security and incentivize participation. <\/span><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The launch of the EIGEN token marks a crucial milestone<\/span><\/strong><span data-preserver-spaces=\"true\"> in the protocol\u2019s development, reflecting the growing interest and confidence in its potential.<\/span><\/p>\n<p style=\"text-align: justify\">\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Market Debut and Trading Dynamics<\/span><\/h2>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-172412\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/EIGENtoken.jpg\" alt=\"EigenLayer Unlocks EIGEN Token: Market Opens with $7.1 Billion Valuation\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/EIGENtoken.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/EIGENtoken-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/EIGENtoken-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The EIGEN token began trading on major exchanges<\/span><\/strong><span data-preserver-spaces=\"true\">, including <\/span><strong><span data-preserver-spaces=\"true\">Binance <\/span><\/strong><span data-preserver-spaces=\"true\">and <\/span><strong><span data-preserver-spaces=\"true\">Coinbase<\/span><\/strong><span data-preserver-spaces=\"true\">, with an initial price of approximately <\/span><strong><span data-preserver-spaces=\"true\">$4.03 per token<\/span><\/strong><span data-preserver-spaces=\"true\">. This valuation places EigenLayer among the top-tier blockchain projects, highlighting its substantial market presence. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The token\u2019s debut was met with high trading volumes, indicating strong investor interest and confidence in the protocol\u2019s future prospects. At the time of writing, <\/span><strong><span data-preserver-spaces=\"true\">the EIGEN token trades at $3.84, dropping 4.3%<\/span><\/strong><span data-preserver-spaces=\"true\"> in the last 24 hours, according to <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.coingecko.com\/en\/coins\/eigenlayer\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">data <\/span><\/a><span data-preserver-spaces=\"true\">from CoinGecko.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Tokenomics and Circulating Supply<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">EigenLayer has released a circulating supply of 200 million EIGEN tokens. <\/span><\/strong><span data-preserver-spaces=\"true\">The tokenomics are designed to ensure a balanced distribution, with a portion allocated to early adopters and contributors. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">This strategic allocation aims to foster a robust and engaged community, <\/span><span data-preserver-spaces=\"true\">essential<\/span><span data-preserver-spaces=\"true\"> for the protocol\u2019s long-term success. <\/span><strong><span data-preserver-spaces=\"true\">The successful launch of the EIGEN token is expected to <\/span><span data-preserver-spaces=\"true\">have a significant impact<\/span><\/strong><span data-preserver-spaces=\"true\"> on<\/span><span data-preserver-spaces=\"true\"> the broader Ethereum ecosystem.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">By providing a secure and efficient restaking solution, EigenLayer enhances the overall security and decentralization of the network. The protocol\u2019s innovative approach has the potential to attract a diverse range of participants, from individual stakers to institutional investors.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">As EigenLayer continues to develop and expand its offerings, <\/span><strong><span data-preserver-spaces=\"true\">the EIGEN token is poised to play a pivotal role<\/span><\/strong><span data-preserver-spaces=\"true\"> in shaping the future of Ethereum restaking. The strong market debut and substantial valuation underscore the protocol\u2019s potential to become a key player in the blockchain space.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR EigenLayer\u2019s EIGEN token launched on major exchanges with a $7.1 billion fully diluted valuation (FDV), marking a significant milestone for the Ethereum restaking protocol. The token debuted at approximately $4.03 per token, with high trading volumes on exchanges like Binance and Coinbase, reflecting strong investor interest. EigenLayer released 200 million EIGEN tokens, strategically allocated &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"EigenLayer Unlocks EIGEN Token: Market Opens with $7.1 Billion Valuation\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/eigenlayer-unlocks-eigen-token-market-opens-with-7-1-billion-valuation\/#more-172410\" aria-label=\"More on EigenLayer Unlocks EIGEN Token: Market Opens with $7.1 Billion Valuation\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":172413,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[4601,4642,5536,9910,5026],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172410"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=172410"}],"version-history":[{"count":2,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172410\/revisions"}],"predecessor-version":[{"id":172417,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172410\/revisions\/172417"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/172413"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=172410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=172410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=172410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}