Eigen
EIGEN
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Eigen price
in AEDAED4.328
-- (--)
AED
Market cap
AED1.67B
Circulating supply
387.38M / 1.76B
All-time high
AED20.78
24h volume
AED429.16M
About Eigen
EIGEN is a cryptocurrency that powers the EigenLayer ecosystem, a groundbreaking platform enabling 'restaking.' Restaking allows staked Ethereum (ETH) to secure additional networks and applications, providing Ethereum-grade security to new projects without requiring separate validator sets. EIGEN serves as the token of the ecosystem, incentivizing operators and securing services like data availability, off-chain computation, and verifiable AI. This innovative approach expands Ethereum's trust and scalability, making EIGEN a key player in the decentralized economy. Whether you're a developer or investor, EIGEN offers an opportunity to participate in building the future of blockchain infrastructure.
AI insights
Last audit: Apr 26, 2022, (UTC+8)
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.
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.
Eigen’s price performance
Past year
-63.69%
AED11.92
3 months
-22.39%
AED5.58
30 days
-23.28%
AED5.64
7 days
-29.63%
AED6.15
Eigen on socials
Novastro develops an AI-powered L2/L3 network on Movement Labs, facilitating RWA digitization via MoveVM and EigenLayer ties for boosted DeFi returns. It secured $1.2M to amplify earnings on assets such as properties and collectibles. Diverging from Centrifuge's Tinlake structures, Novastro's AI liquidity tool and $RUSD stablecoin enable intelligent yield strategies.
RealT grapples with Ethereum gas expenses, but Novastro's over 10,000 TPS reduces costs by up to 40%. Ondo leads in bond-linked treasuries, while Novastro's flexible framework accommodates varied holdings beyond securities.
Mantra stresses Cosmos security, but @Novastro_xyz enhances gains through EigenLayer restaking perks. Immutable and Bitlayer target gaming and BTC niches respectively, missing Novastro AI for forecasting yields. Centered on expansion and smarts, Novastro eyes 20% RWA sector expansion by 2026 upon exceeding $50M+ TVL.
Today, the resignation letter from "the father of L2" Dankrad Feist has shocked and torn the Ethereum community. Paradigm, the most supportive institution of Ethereum, has created an L1 public chain called Tempo and poached Dankrad Feist, a core researcher from the Ethereum Foundation. He is referred to as the father of L2 because he is the proposer of the L2 Rollup scaling standard, Danksharding. He is one of the few pragmatic members of the Ethereum Foundation, consistently emphasizing the need to avoid grand narratives and complex, obscure technical jargon. His work is very much focused on practical engineering. However, prior to this, Dankrad Feist also faced a trust crisis within the community. He resigned after being questioned about potential conflicts of interest while serving as an advisor for Eigenlayer, and now he has completely left the Ethereum Foundation.
Dankrad Feist
I am excited to announce that I will be joining Tempo. This last year has been a turning point for crypto, where we have finally seen the outlines of our vision being materialized. While payments used to be front and center in the early days of crypto, I see a special opportunity to finally achieve this ambitious goal with relentless execution on both the technical and distribution fronts.
I believe that the real world moment is now, and I want to make sure we do not miss this window to touch normal people’s lives everywhere in the world. I have dedicated the past several years to architecting and scaling blockchains, and I’m excited to leverage my learnings together with the very strong team being assembled at Tempo.
My journey in Ethereum first started when I began working with the EF research team in 2018, and later joining full time in 2019. The project has greatly matured since then and with the soon coming Fusaka upgrade will implement PeerDAS, a significant scaling milestone I am proud to have contributed to. I am very happy to have played a role in leading to more people being able to use Ethereum and I look forward to continuing being able to do that. Over the last year, I have been involved in advancing Ethereum Foundation’s strategy and roadmap and I will remain a research advisor to the three strategic initiatives (Scale L1, Scale Blobs, Improve UX) at the Protocol Cluster at the EF.
Ethereum has a strong set of values and technical choices that make it unique in the world. And Tempo will be a great complement, built using similar technology and values, whilst being able to push the boundaries on scale and speed. I believe that this will be of great benefit to Ethereum. Tempo’s open-source technology can easily integrate back into Ethereum, benefiting the entire ecosystem. Ethereum and Tempo are strongly aligned, as they are built with the same permissionless ideals in mind. I am looking forward to staying involved with the community and continuing to push Ethereum forward!
Guides
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Predict Eigen’s prices
How much will Eigen be worth over the next few years? Check out the community's thoughts and make your predictions.
View Eigen’s price history
Track your Eigen’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Eigen on OKX Learn
EIGEN Unlocking Dilution: Key Insights and Market Impacts You Need to Know
Understanding the EIGEN Unlocking Event and Its Market Implications The recent unlocking of EigenLayer's native token, EIGEN , on October 1 at 5:00 am UTC has generated significant interest and debate
EigenLayer EIGEN Price: Exploring Restaking, Tokenomics, and Market Insights
What is EigenLayer and How Does It Work? EigenLayer is a cutting-edge protocol built on Ethereum, introducing the revolutionary concept of restaking . This mechanism allows Ethereum stakers to reuse t
PEPE, EIGEN, and LINEA: Inside the Whale Activity Shaping the Crypto Market
Understanding Whale Activity in the Cryptocurrency Market Whale activity has long been a significant driver of market trends in the cryptocurrency space. These large-scale investors, often referred to
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Eigen FAQ
EIGEN has a total supply of 1.67 billion.
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.
Currently, one Eigen is worth AED4.328. 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.
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.
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.
Check out our Eigen price prediction page to forecast future prices and determine your price targets.
Dive deeper into Eigen
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.
ESG Disclosure
ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKCoin Europe Ltd
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
Eigen
Consensus Mechanism
The crypto-asset's Proof-of-Stake (PoS) consensus mechanism, introduced with The Merge in 2022, replaces mining with validator staking. Validators must stake at least 32 ETH every block a validator is randomly chosen to propose the next block. Once proposed the other validators verify the blocks integrity. The network operates on a slot and epoch system, where a new block is proposed every 12 seconds, and finalization occurs after two epochs (~12.8 minutes) using Casper-FFG. The Beacon Chain coordinates validators, while the fork-choice rule (LMD-GHOST) ensures the chain follows the heaviest accumulated validator votes. Validators earn rewards for proposing and verifying blocks, but face slashing for malicious behavior or inactivity. PoS aims to improve energy efficiency, security, and scalability, with future upgrades like Proto-Danksharding enhancing transaction efficiency.
Incentive Mechanisms and Applicable Fees
The crypto-asset's PoS system secures transactions through validator incentives and economic penalties. Validators stake at least 32 ETH and earn rewards for proposing blocks, attesting to valid ones, and participating in sync committees. Rewards are paid in newly issued ETH and transaction fees. Under EIP-1559, transaction fees consist of a base fee, which is burned to reduce supply, and an optional priority fee (tip) paid to validators. Validators face slashing if they act maliciously and incur penalties for inactivity. This system aims to increase security by aligning incentives while making the crypto-asset's fee structure more predictable and deflationary during high network activity.
Beginning of the period to which the disclosure relates
2024-10-16
End of the period to which the disclosure relates
2025-10-16
Energy report
Energy consumption
2701.51899 (kWh/a)
Energy consumption sources and methodologies
The energy consumption of this asset is aggregated across multiple components:
To determine the energy consumption of a token, the energy consumption of the network(s) ethereum is calculated first. For the energy consumption of the token, a fraction of the energy consumption of the network is attributed to the token, which is determined based on the activity of the crypto-asset within the network. When calculating the energy consumption, the Functionally Fungible Group Digital Token Identifier (FFG DTI) is used - if available - to determine all implementations of the asset in scope. The mappings are updated regularly, based on data of the Digital Token Identifier Foundation. The information regarding the hardware used and the number of participants in the network is based on assumptions that are verified with best effort using empirical data. In general, participants are assumed to be largely economically rational. As a precautionary principle, we make assumptions on the conservative side when in doubt, i.e. making higher estimates for the adverse impacts.
Market cap
AED1.67B
Circulating supply
387.38M / 1.76B
All-time high
AED20.78
24h volume
AED429.16M