Web3 Infra is maturing. Data availability is solved. Execution is scaling. Messaging is booming. But one layer is still broken...
Web3's modular stack is almost complete. However, one critical layer is still missing, THE DATA LAYER.
Let's talk about the missing piece: "The Data Layer" and how Synternet completes the puzzle
Time for a 🧵
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El Patron®🤴
Here you are presented with @anoma motherboards.
Electrical technicians and engineers will quickly understand this phrase. The we2 features you usually see in various devices are now implemented in web3, and yes, you heard it right, thanks to Anoma.
What the hell is this?
The Anoma motherboard is a hardware layer where you can see the various L1, L2, and infrastructure chains that can be connected to Anoma (the chains shown in the image below are for reference only and do not necessarily reflect Anoma's mainnet roadmap).
This layer abstracts all existing blockchains into a consistent, unified interface for building and using applications.
Blockchain and other decentralized, trusted services become resources that application builders can easily access. The motherboard contains some example resources: CPU for computation (e.g. Ethereum + L2), Solana long-term storage (e.g. Filecoin, Arweave), IPFS memory/data availability (e.g. Celestia, EigenDA, Near DA oracle, etc.). Chainlink or a trusted oracle like Coinbase's price feed
Isn't that amazing?
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ZEROBASE
We’re partnering with @alignedlayer to bring persistent, cost-efficient ZK proof verification to our ZK App Network.
ZEROBASE offers a structured system for deploying any ZK workload—staking, identity, AI audits, and more. With Aligned’s EigenLayer-secured verifiers, we ensure Ethereum-grade finality, uptime, and liveness by design.
ZK infra, built for real apps that can’t go dark.
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LondonCryptoClub
Monday Top Crypto News
In one short thread…
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zerokn0wledge.hl 🪬✨
Curious to see how the first @KaitoAI Capital launchpad launches will perform, but generally think the first ones will see considerable hype.
Looking forward especially to @EspressoSys, which I followed quite closely back in the day, but kinda lost track of a bit in recent months.
Tbh, also increasingly thought (and still do) that the "shared sequencing" narrative was sitting in a tough spot, with only few chains willing to outsource critical high-value network functions like tx ordering and block building.
Even though the composability and decentralization benefits are compelling imo, especially for the long tail of modular appchains.
But modular infra launches have on average also disappointed (often quite impressively) on the PA side in recent months, often turning out to be extractive VC cashouts with the vast majority of upside being captured by the "elite" on private markets before public launch, which didn't necessarily increase my bullishness for Espresso's TGE.
However, I think being the first project on the Kaito launchpad could turn out to be one of these "in the right place at the right time" kind of launch scenarios, which could drive hype and sentiment around TGE.
How successfully Espresso will actually be able to bootstrap its composable multichain ecosystem will remain to be seen, but its positioning as Ethereum-native sequencing layer (secured by @eigenlayer) definitely makes for a unique narrative.
They have major backing incl. @a16z, @ElectricCapital, @polychain & others, and >$63M in funds raised mean they raised at what was likely easily multiple $100m valuations.
As we've seen with previous launches, including most recently @Calderaxyz's $ERA, that still makes early billion dollar FDVs very possible, and could mean decent upside for sale participants and yappers/airdroppooors.
Shifting to more bullish again here, and have a deep dive on Espresso dropping very soon, so stay tuned anon.
In the meantime, NFA but DYOR.
The current price of Eigen is $1.5808. Over the last 24 hours, Eigen has decreased by -2.06%. It currently has a circulating supply of 315,141,547 EIGEN and a maximum supply of 1,736,730,273 EIGEN, giving it a fully diluted market cap of $496.03M. At present, Eigen holds the 46 position in market cap rankings. The Eigen/USD price is updated in real-time.
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.
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 1.6K new posts about Eigen, driven by 962 contributors, and total online engagement reached 285K social interactions. The sentiment score for Eigen currently stands at 72%. 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
1,574
Contributors
962
Interactions
285,139
Sentiment
72%
Volume rank
--
X
Posts
1,056
Interactions
142,281
Sentiment
81%
Eigen FAQ
How much is 1 Eigen worth today?
Currently, one Eigen is worth $1.5808. 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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