GM Asia ☁️
The verifiable east 🌏
Builders already live in the future.
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AminCad Ξ🐬🔊 - evm/acc
I wanted to share some thoughts on the distinct narratives of Bitcoin and Ethereum, as this distinction is crucial for Ethereum stakeholders. Bitcoin’s narrative advantage is straightforward: it stems from being first. By virtue of being first, Bitcoin is the default, the flag bearer for crypto. It will always hold that distinction, and therefore always derive branding advantages from it.
Ethereum also has a claim to being first as the original, fully generalizable smart contract platform. However, that narrative isn’t as compelling as Bitcoin’s simpler "first decentralized currency" branding. Ethereum’s primary narrative, the one that drives most of its value, is that it is the "everything protocol": the World Computer. The idea of Ethereum as a single protocol capable of handling all types of economic and digital activity has the greatest potential for accruing value of any blockchain/cryptocurrency based narrative, but unlike the "first decentralized currency" narrative, this potential is heavily dependent on Ethereum’s actual adoption levels and economic activity.
Currently, Ethereum is experiencing the type of adoption that strongly supports this narrative. Two areas in particular stand out:
First, Ethereum has emerged as the default base layer for various independent execution protocols, especially rollup-based networks. The overwhelming majority of these protocols are built on Ethereum, creating a powerful network effect for Ethereum as a settlement and data availability layer. The ceiling for adoption here is practically unlimited, constrained only by data availability, which remains relatively inexpensive. This is not even a hard constraint, as Ethereum Execution Protocols can utilize Ethereum’s security even while relying on external data availability layers.
Second, Ethereum is seeing significant promise through the modularization of its native asset, ETH, via the EigenLayer protocol. EigenLayer enables ETH to secure virtually any type of electronic or internet-based protocol. Most promisingly, EigenLayer, with its ETH-secured AVSs (Autonomous Verifiable Services), is now the fastest-growing project in the blockchain space, measured by monthly active developers.
However, certain areas remain concerning. Last year, Solana temporarily took the lead from Ethereum in terms of DEX volume. Ethereum has since reclaimed that position, but the fact that centralized chains can achieve very high throughput has allowed them to gain adoption in specific low-value economic activities. The comparative lack of decentralization has indeed handicapped these competitors, making them less trustworthy for high-value use cases. As a result, Ethereum commands the vast majority of total value locked and adoption of real-world assets: applications where security matters most. Still, Ethereum stakeholders should not underestimate the importance of second-order effects arising from low-value economic activities like DEX volume. Complacency in this area could gradually erode Ethereum’s dominance, potentially weakening its overall narrative.
Fortunately, Ethereum’s leadership appears aware of this risk. The focus on modular scalability through the rollup-centric roadmap is now combined with renewed efforts to rapidly scale mainnet-executed transactions via the recently announced ZKL1 roadmap. This initiative is extremely promising. The intent of this post is not to urge the leadership: they clearly recognize the importance of total dominance in onchain activity. Rather, it’s a reminder for all Ethereum stakeholders: achieving and maintaining dominance in onchain economic activity is essential to fulfilling Ethereum’s full narrative and market potential.
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0xMantleCN
What is @eigenlayer? How does it empower the modular future of the Mantle Network?
We had a conversation with @mattmurrs to discuss the role of EigenDA in the expansion of the Mantle Network and how this collaboration sets a new benchmark for Ethereum-compatible infrastructure.
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Skate
ezSKATE is live!
ezSKATE Flow Vault, powered by @RenzoProtocol and @ConcreteXYZ, enables liquid restaking of SKATE tokens on Skate’s @eigenlayer AVS for seamless institutional liquidity.
Try it now:
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EigenCloud
The rETHinking of the internet starts with somETHing
That somETHing is a mETHod
And that mETHod is ETHereum
The current price of Eigen is $1.3003. Over the last 24 hours, Eigen has decreased by -9.53%. It currently has a circulating supply of 316,928,967 EIGEN and a maximum supply of 1,738,017,694 EIGEN, giving it a fully diluted market cap of $414.45M. At present, Eigen holds the 91 position in market cap rankings. The Eigen/USD price is updated in real-time.
Eigen’s biggest 24-hour price drop was on Dec 6, 2024, (UTC+8), when it fell by $1.2140 (-25.13%). In Dec 2024, Eigen experienced its biggest drop over a month, falling by $2.3820 (-42.09%). Eigen’s biggest drop over a year was by $3.6140 (-84.58%) in 2025.
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EIGEN is a universal intersubjective work token within the EigenLayer protocol. It's called an "intersubjective" token because it's designed to address intersubjective faults in a network. These are faults where there's consistent agreement among the majority of network participants that a malicious act has been committed. As a result, EIGEN helps to secure the network by discouraging inconsistent behaviors.
The EigenLayer protocol allows stakers of ETH, the native token of the Ethereum network, to extend the network's security to other applications across the EigenLayer network through a novel concept known as restaking. Here, ETH stakers can restake their tokens to secure other protocols built on EigenLayer, without the need to build a separate validator set.
How does EIGEN work?
Where ETH is used to secure services or protocols, EIGEN helps to address intersubjective faults that deserve a penalty by introducing intersubjective staking. In this situation, stakers who act outside of the network's rules can be penalized through slashing. Slashing sees individuals lose a quantity of their staked ETH. According to the project, through this approach, the EIGEN token allows the token to be forked without forking the Ethereum mainnet consensus.
EIGEN is also used to secure EigenDA, a data availability layer that supports Ethereum rollups.
Price and tokenomics
Season one of stakedrop claims for the EIGEN token opened on May 10, 2024. Here, 6.05% of the token's total supply of 1.67 billion EIGEN were made available to eligible users. Season one phase two of the stakedrop launched in June 2024, and made a further 0.7% of the total token supply available. According to the project, future seasons will see a further 1.5% of the total EIGEN tokens released.
Alongside the 15% of tokens allocated to stakedrops, 15% will go towards community initiatives, with 15% allocated to ecosystem development. A further 29.5% will be allocated to investors, with 25.5% assigned to early contributors.
All tokens allocated to investors and core contributors will remain fully locked up for one year after the date on which the token first becomes transferrable for the community. After this date, the EIGEN tokens allocated to investors and core contributors will be unlocked at a rate of 4% per month. This means EIGEN held by investors and core contributors won’t be fully unlocked until three years after the date the tokens first become transferable for the community.
About the founders
EigenLayer was founded in 2021 by Sreeram Kannan, a former professor at the University of Washington. Kannan remains as the project's CEO today. EigenLayer is developed by Eigen Labs, a research organization "focused on contributing to protocols that supercharge open innovation on Ethereum", according to the company's official X account.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 1.8K new posts about Eigen, driven by 928 contributors, and total online engagement reached 205K social interactions. The sentiment score for Eigen currently stands at 71%. Compared to all cryptocurrencies, post volume for Eigen currently ranks at --. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Eigen.
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Posts
1,799
Contributors
928
Interactions
205,320
Sentiment
71%
Volume rank
--
X
Posts
1,305
Interactions
118,758
Sentiment
73%
Eigen FAQ
What is the total supply of EIGEN?
EIGEN has a total supply of 1.67 billion.
Is it safe to trade EIGEN?
Although EIGEN is the native token of a legitimate crypto project in EigenLayer, there’s always an element of risk when trading any form of crypto asset. That's why it's important to do your own research and never trade with more than you can afford to lose.
What problem does EigenLayer solve?
EigenLayer helps to extend the security benefits of the Ethereum network to more projects in a cost-effective way, through restaking. Those who stake ETH can use EigenLayer smart contracts that extend cryptoeconomic security to other applications built on the network.
How can I get hold of the EIGEN token?
EIGEN tokens were initially available to users of the EigenLayer protocol who claimed their share of the tokens’ total supply. The tokens weren’t transferable once claimed, meaning any EIGEN held couldn't be brought or sold. You can obtain EIGEN once the token is listed for spot trading on exchanges.
How much is 1 Eigen worth today?
Currently, one Eigen is worth $1.3003. For answers and insight into Eigen's price action, you're in the right place. Explore the latest Eigen charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Eigen, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Eigen have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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