EigenLayer’s native token, EIGEN, has finally hit the market with a fully diluted valuation of $7.16 billion.
The token, which is designed to be a “Universal Intersubjective Work Token,” will be listed on several centralized exchanges, including Binance and MEXC, on October 1st at 05:00 UTC.
The debut of EIGEN comes after months of anticipation and excitement within the crypto community. The token’s unique approach, which aims to solve challenges of “universality, isolation, metering, and compensation,” has generated significant interest.
EigenLayer has experienced some fluctuations in its Total Value Locked (TVL) in recent months, with a notable decline from $20 billion in June to around $10 billion. This is partially attributed to stakers exiting their positions after receiving their airdrop.
Despite the recent TVL decrease, EigenLayer remains a promising project with the potential to disrupt the staking landscape. Its focus on universality and intersubjectivity could open up new possibilities for tokenized assets and decentralized applications.
