Future

Value

EigenLayer

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/eigenlayer-introduces-eigen-coin-for-trading" data-wpel-link="internal" rel="noopener noreferrer nofollow">EigenLayer Introduces EIGEN Coin for Trading</a><br></p>
<p style="text-align: justify">EigenLayer, a restaking protocol operating on Ethereum, has launched its main network asset known as EIGEN coin, making it available for trading, transferring, and staking. This significant development marks a new milestone for the protocol, enabling users to engage actively with the newly introduced <a href="https://en.bitcoinhaber.net/pepe-coins-remarkable-growth-as-crypto-market-embraces-memes" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a>.</p>
<h2 id="how-did-eigen-coin-perform-initially">How Did EIGEN Coin Perform Initially?</h2>
<p style="text-align: justify">The altcoin debuted at a trading price of $4.32, boasting a fully diluted market cap nearing $7.2 billion. Notably, <a href="https://en.bitcoinhaber.net/nigerias-crypto-sector-faces-challenges-as-binance-ceases-naira-services" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> accounted for nearly 43% of the trading volume, particularly in the EIGEN/<a href="https://en.bitcoinhaber.net/tether-advances-into-ai-with-talent-recruitment-and-open-source-models" data-wpel-link="internal" rel="noopener noreferrer nofollow">USDT</a> pair. This asset was officially listed on Binance at 08:00 today, highlighting a strong start in the market.</p>
<h2 id="what-are-eigenlayer-s-future-plans">What Are EigenLayer’s Future Plans?</h2>
<p style="text-align: justify">The launch enables developers to stake EIGEN coins, facilitating the creation of Active Validator Services (AVS). The protocol intends to provide programmatic incentives to further encourage participation in AVS, fostering growth within its ecosystem.</p>
<p style="text-align: justify">Aylo, the founder of Alpha Please, shared insights, stating, “The latest ecosystem map indicates over 60 AVS built on Eigenlayer.” This further underscores the momentum EigenLayer is generating in its sector.</p>
<p style="text-align: justify">The AirDrop process for EIGEN coins was carried out in two phases, distributing 113 million coins to restakers in the first phase, followed by an allocation of 86 million coins to node operators and stakers during the second phase. EigenLayer reached a Total Value Locked (TVL) peak of nearly $20 billion in June, though it has since decreased to $12 billion, likely due to stakers withdrawing funds after the AirDrop.</p>
<ul>
 <li>The release of EIGEN coin aims to expand EigenLayer’s services.</li>
 <li>Staking will allow the development of diverse Active Validator Services.</li>
 <li>Trading opportunities for users will increase with the introduction of the coin.</li>
 <li>AirDrop strategies and shifts in TVL will significantly influence future growth.</li>
</ul>
<p style="text-align: justify">EigenLayer’s launch of the EIGEN coin signals a strategic move to bolster its ecosystem and attract active users. The ability to stake and trade the new token positions EigenLayer for potential growth and innovation within the blockchain domain.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/eigenlayer-introduces-eigen-coin-for-trading" data-wpel-link="internal" rel="noopener noreferrer nofollow">EigenLayer Introduces EIGEN Coin for Trading</a></h5>

EigenLayer Introduces EIGEN Coin for Trading

Table of Contents

BH NEWS

Other articles published on Oct 1, 2024

A U.S. Senator Introduces a Landmark Bill for Bitcoin and All Cryptocurrencies

Immutable Price Fluctuates as $55.53M Set to Unlock Soon; What Next?

Crypto founders increasingly look to ‘geofencing’ amid US uncertainty

Market Analysts Share Insights on Bitcoin and UNI Coin Prices

Ethereum Layer 2 Arbitrum One Surpasses 1 Billion Transactions

Robinhood Announces Launch of Highly Anticipated Innovation for European Customers! Here Are the ...

Join our free newsletter for daily crypto updates!