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EigenLayer Price (EIGEN)

EIGEN to USD:1 EigenLayer equals - USD 0% 1D
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Price of EIGEN today

The live price of EigenLayer is - per (EIGEN / USD) with a current market cap of $389.99M USD. 24-hour trading volume is - USD. EIGEN to USD price is updated in real-time. EigenLayer is -% in the last 24 hours with a circulating supply of 300.55M.

EIGEN Price History USD

Date Comparison Amount Change % Change
Today - 0%
30 Days - 0%
60 Days - 0%
90 Days - 0%

EIGEN Price Information

24h Low & High
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All Time High
$5.651839
Price Change (1h)
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EIGEN Market Information

Popularity#146
Market Cap$389.99M
Volume (24hours)-
Circulation Supply300.55M
Total Maximum Supply--
Fully Diluted Market Cap$2.24B
All Time High$5.651839
Issue Date2024-10-01

About EigenLayer (EIGEN)

EigenLayer is a protocol built on top of the Ethereum blockchain that introduces the concept of "restaking collectives," allowing ETH stakers to support and empower applications within the Ethereum ecosystem.

EigenLayer establishes a dynamic marketplace of decentralized trust, where developers can leverage shared security provided by a group of stakers. In return, stakers can contribute to the growth and security of these projects.

EigenLayer adopts a modular security framework, enabling stakers to allocate their staked ETH to secure specific network functionalities, known as modules.

Ethereum stakers can restake their ETH through EigenLayer smart contracts, providing a new set of security and validation services for specific modules. This is made possible by EigenLayer contracts setting specific conditions on the staked assets.

There are two types of restaking within EigenLayer:

  1. Solo Restaking: Users run their own nodes and actively validate transactions for selected modules. This method is typically suitable for more experienced users.
  2. Delegation: Users can delegate node operations to others in the network. This is an ideal option for those who want to contribute to EigenLayer without diving deep into technical details.

The native token EIGEN supports ETH restaking to strengthen the EigenLayer ecosystem. It introduces a unique mechanism to address "intersubjective faults" — issues that are not visible on-chain but still subject to slashing. Through this mechanism, EIGEN enables token forking without requiring a fork of Ethereum's mainnet consensus.

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People Also Ask: Other Questions About EigenLayer

What is EigenLayer?

EigenLayer is a protocol developed on the Ethereum blockchain that introduces the concept of restaking. This on-chain primitive is similar to rehypothecation, allowing users to restake their native staked ETH or Liquid Staking Tokens (LSTs) in exchange for additional yield. This mechanism enhances the utility of staked assets while providing participants with extra rewards.

Who is the founder of EigenLayer?

The founder of EigenLayer is Sreeram Kannan.

What is the circulating supply of EIGEN tokens?

The current circulating supply is 83,680,000 tokens.

What is the use of EIGEN?

EIGEN is designed to strengthen the EigenLayer ecosystem and serves as a complement to the ETH restaking process. It introduces a mechanism to address "intersubjective faults" — behaviors that are not visible on-chain but are still subject to slashing. This mechanism supports the forking of the EIGEN token without requiring a fork of Ethereum’s mainnet consensus.