Eigen Labs, backed by $220 million in venture funding, will continue to operate its EigenLayer and EigenDA protocols as part of EigenCloud.
Venture capital activity in the crypto space has seen a significant rebound this month, with total investments crossing $1.5 billion by June 20, according to DeFiLlama data. This marks the strongest monthly performance since March 2025 and signals growing confidence in blockchain startups after a quieter second quarter. The raised funds are more than double […]
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EigenLayer has introduced a new platform called EigenCloud, designed to bring verifiability and transparency to both blockchain-native and traditional applications. The launch, announced on June 17 in a statement shared with CryptoSlate, introduces a unified system that leverages the power of EigenLayer’s ecosystem, including its native EIGEN token. Eigen Labs CEO Sreeram Kannan stated that […]
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Ethereum’s largest restaking protocol has launched EigenCloud, a new platform offering “verifiability-as-a-service” for developers.
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The funding will expand the current team and develop the protocol’s Universal Staking framework.
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Over the last several years, the concept of “staking” has moved from a niche concept to mainstream adoption, now underpinning many leading blockchains. This report provides a historical overview of the rise of staking, explains how staking works as both a security mechanism and source of yield, examines developments such as liquid staking and restaking, […]
Bitcoin staking has a total addressable market in the hundreds of billions, industry executives say.
More than 93% of Solana's validators use Jito's software for MEV, according to Jito Labs.
According to data from DefiLlama, restaking protocol EigenLayer currently has approximately $15.4 billion in total value locked.
The proposal to buy back tokens with protocol revenues is intended as a new value accrual mechanism for tokenholders.
The Eigen Foundation has committed 1% of its EIGEN token supply to the Protocol Guild, a group dedicated to Ethereum Layer-1 research and development. According to CryptoSlate data, the EIGEN token has a total supply exceeding 1.6 billion. With this pledge, the Protocol Guild could receive up to 1.6 million EIGEN tokens, valued at approximately […]
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According to data from CoinMarketCap, there are approximately 210 million EIGEN tokens in circulation, with a total supply of 1.68 billion.
Total value locked on decentralized finance protocols is up nearly 150% so far this year.
The upgrades are designed to bring greater flexibility to EigenLayer's restaking ecosystem.
Holonym Foundation partnered with Kelp DAO, a Liquid Restaking Protocol built on Ethereum’s EigenLayer, to strengthen the Mishti Network’s security and continue bringing digital identity solutions for the application of blockchain technology. Related Reading: Logan Paul’s New Crypto Controversy: Youtuber Accused Of Profiting From Misleading Fans Ethereum Protocol Kelp DAO Joins Holonym To Restake $670 […]
The decentralized Web3 marketplace will leverage EigenLayer’s infrastructure to improve accessibility and reduce development costs.
In November, L2s have been posting some 3x more transaction data each day to the mainnet than they did in March.
Two Ethereum Foundation researchers Justin Drake and Dankrad Feist have disclosed the decisions to drop their advisorship positions with EigenLayer. The two experts took on this role with the restaking protocol earlier in May 2024 — but much to the disappointment of the crypto community. As reported by Bitcoinist, the prominent crypto figures took the […]
Restaking protocols like EigenLayer allow investors to stake the same digital asset multiple times and reap the additional yields.
Ava Protocol, the event-driven EigenLayer Active Validated Service (AVS), has seen notable growth since launching in July. The Web3 automation provider reported a significant increase in demand for its “super-transactions” solution ahead of its token launch. Related Reading: Analyst Says Fantom (FTM) Downtrend Is Over, Is $1 The Next Stop? Web3 Automation Provider Sees 900% Demand Increase Ava protocol reported a 900% surge in demand for its blockchain automation solution. The EigenLayer AVS offers Web3 infrastructure to support cross-chain automation, enabling composable autonomous transactions and allowing developers to deploy dApps rapidly. The protocol records $3 billion in restaked assets since launching on EigenLayer’s mainnet four months ago. Ava Protocol’s operator Total Value Locked (TVL) reportedly spiked to $1.7 billion worth of Ethereum (ETH) within two weeks of its launch. Additionally, the report reveals it has gained over 11,500 unique wallets and reached over 1,000 daily automated transactions running on the testnet. The Web3 automation provider’s solution “super-transactions” aims to offer “seamless, private, and composable automation” for any smart contract function, eliminating the need for developers to write code. Ava Protocol simplifies blockchain for developers and non-technical users. With the automation provider’s solution, users can access enhanced privacy, composability and significantly lower transaction costs. The Future Of The Blockchain Automation Landscape Chris Li, the founder of Ava Protocol, remarked on how super-transactions “are transforming the landscape of blockchain automation” by assisting creators to build more efficiently and simplifying the creation of Web3 applications: By offering no-code, composable automation, we empower developers and creators to build more efficiently, whether they’re working in DeFi, NFTs, or RWAs. Our platform brings simplicity to complex processes, making them accessible to non-technical users through intuitive tools like our drag-and-drop interface, or our AI-powered automation copilot. The Web3 infrastructure provider recently partnered with Soneium, Sony’s Ethereum Layer 2 (L2) blockchain, to bring automation to the network through Soneium Spark’s Incubation program. The collaboration seeks to “simplify blockchain” for Soneium developers and users with limited technical knowledge by executing transactions and smart contracts based on predefined conditions. The partnership is set to enable creators and developers in Sony’s blockchain to monetize their work with intent-base, no-code automation, allowing them to tokenize Real-World Assets (RWA) and unlock fractional ownership alongside new distribution methods. Related Reading: SUI To Face Another Pullback Following 5.3% Dip, Analysts Forecast 30% Correction Moreover, Ava Protocol has also partnered with other EigenLayer AVSs to offer its automation services, including fixed-rate lending dApp Term Finance, quantitative trading DEX Lhava, RWA ecosystem Zoth, and restaking rewards provider Hourglass. Ava Protocol expects to issue its token following its recent development and collaborations in the following months. The automation provider seeks to “cement itself” as a leading player in the sector by launching its cryptocurrency in the next two to three months. At the time of this writing, further details about the token’s launch have not been revealed. Featured Image from Unsplash.com, Chart from TradingView.com
RedStone is the first large oracle to launch on the Ethereum restaking protocol.
Users should not click on any airdrop links shared in EigenLayer’s recent post, warned onchain detective ZachXBT.
The restaking protocol will start by targeting crypto-native apps, with EigenDA serving as a “beachhead” for onboarding, Sreeram Kannan said.
Selling from ETH ICO participants and a lack of demand for the spot Ether ETF could be contributing to Ethereum’s price downside.
The two firms have co-developed the Cryptoeconomic DVN Framework, bringing more security to decentralized networks through economic incentives.
With EigenLayer, restakers earn additional rewards, while developers get access to Ethereum’s robust security with less investment.
Ava Protocol, the event-driven EigenLayer Active Validated Service (AVS), joined Sony Block Solutions Labs to support developers and creators on Sony’s public Ethereum Layer-2 (L2) blockchain, seeking to simplify users’ experience and open opportunities by bringing automation to Soneium. Related Reading: Vitalik Buterin In Favor Of Hezbollah Betting Section On Polymarket Amid Community Concerns Automation […]
The long-anticipated trading of Eigenlayer’s EIGEN token began today, following the lifting of transfer restrictions that had been in place since the token’s launch in May. Major cryptocurrency exchanges including Binance, Kraken, Coinbase, ByBit, and OKX have listed EIGEN, providing liquidity to holders of the token, many of whom received it through airdrops earlier this year. In a statement released through X, the Eigen Foundation highlighted the importance of this milestone: “We’re thrilled to announce the unlocking of the EIGEN token, a big step for the Eigenlayer ecosystem. This opens up new possibilities for open innovation, shared security, and participation across the network.” Related Reading: EigenLayer’s Exclusive $15 Billion Token Launch: Who’s In And Who’s Out? They added that the unlock enables developers to build Actively Validated Services (AVSs) using EIGEN staking, enhancing protocol security and functionality. “The unlock of EIGEN marks the beginning of broader engagement. It acts as a catalyst for economic expansion, governance, and protocol development, driving growth and strengthening the decentralized ecosystem,” the Eigen Foundation added. Buy Or Sell Eigenlayer (EIGEN)? Market sentiment has been mixed on the first day of trading. Lookonchain reported significant purchases by whales, indicating strong interest from large-scale investors. One transaction involved an address purchasing 383,672 EIGEN at $4.05, totaling $1.55 million. Another address spent 1.31 million USDC to acquire 318,651 EIGEN at $4.10. 2 whales bought 702,324 $EIGEN($2.86M) in the past 4 hours! 0x2dcd spent 588 $ETH($1.55M) to buy 383,672 $EIGEN at $4.05.https://t.co/QtcgQQJfSR 0xb112 spent 1.31M $USDC to buy 318,651 $EIGEN at $4.1.https://t.co/qy5SoAuuru pic.twitter.com/Dzt65tYwJT — Lookonchain (@lookonchain) October 1, 2024 Despite these buys, not all activity has been bullish; notable crypto whale GCR was reported to have sold a significant amount of EIGEN shortly after the unlock, depositing over 250,000 EIGEN into Binance. “GCR (@GiganticRebirth) claimed an airdrop of 253,946 EIGEN($1.06M) through 7 wallets and deposited all of it into Binance 40 minutes ago. #GCR“ Lookonchain reports. Crypto analyst Aylo offered a comparison of EIGEN’s market performance relative to other tokens via X: “EIGEN launched exactly in line with the pre-market price, sitting at $7B FDV. A few coins with bigger FDVs than EIGEN currently include OP ($8B), ONDO ($7.9B), UNI ($7.7B), FIL ($7.6),BCH ($7.2B),” he noted, suggesting that EigenLayer’s role in Ethereum’s ecosystem could be a critical factor in its valuation. Related Reading: EigenLayer Founder Reiterates Support For Ethereum, Why Is ETH Struggling? “EigenLayer is the innovation on Ethereum this cycle, and has had more coverage than almost anything else in the EVM in the last year. Really does feel similar to the conditions that TIA launched in. Does the PA play out the same way? No unlocks for a year too…,” Aylo noted. Daan Crypto Trades, another prominent analyst, remarked on the market dynamics: “EIGEN Launched today. I think many market participants will be watching the price action develop to gauge overall market strength and sentiment. So far, price has held up, and even gone up slightly, even though there’s a lot of airdrop participants selling their tokens.” He speculated on the potential for EIGEN’s market valuation to rise, indicating that the current conditions might be more favorable than in recent months. “If the market keeps trending from here I’m assuming EIGEN can go much higher than $7B FDV. Earlier this year it was estimated to launch at $20B+ (in better market conditions). Having said that, I don’t own any right now but I’d definitely be a buyer at $2-3 and I think many would. So not sure if it gets there at all if it doesn’t do so in the first few days of airdrop selling,” Daan concluded. At press time, EIGEN traded at $4.127. Featured image from Coinbase, chart from TradingView.com