EigenLayer: everything you need to know about EIGEN
Axel has been immersing himself in the world of crypto and blockchain for quite some time, which he then translates into understandable articles.
EigenLayer facts
Abbreviation
EIGEN
Category
Rehiring / Ethereum infrastructure
Founder(s)
Sreeram Kannan
Blockchain
Ethereum.
Protocol
Restaking
Launch date
2023
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What is EigenLayer?
EigenLayer is an innovative token designed to enhance the security and decentralization of the Ethereum network. It provides a platform where users can redeploy their staked ETH to earn additional rewards. At the same time, it enhances the security of new blockchain projects utilizing the network. This concept is called "restaking," adding a new dimension to the Ethereum ecosystem and maximizing the utilization of staked assets.
How does EigenLayer work?
EigenLayer utilizes the concept of restaking. Users can reuse their existing Ethereum stake, allowing them to participate in multiple projects without additional capital. This increases the efficiency of deployed assets and contributes to securing various services within the Ethereum ecosystem.
The OWN token.
EigenLayer uses a native token that is used for payments within the network and as a reward mechanism for participants who restake their assets.
The technology behind EigenLayer
EigenLayer runs on the Ethereum blockchain and uses smart contracts to manage the restaking of ETH. The technology enables additional functionality to be offered on top of Ethereum, increasing both security and flexibility.
The EigenLayer ecosystem.
The ecosystem of EigenLayer consists of stakers, restakers, developers, and various decentralized applications. Through restaking, multiple projects can benefit from the security provided by the staked ETH.
€2.18▼4.34%
Benefits of EigenLayer
- Efficiency: Users can use the same ETH for multiple purposes, enabling more efficient use of capital.
- Security: Projects can leverage the security of Ethereum without having to create new tokens themselves.
- Extra rewards: Restakers receive additional rewards on top of their regular staking profits.
Disadvantages of EigenLayer.
- Complexity: The process of restarting can be complex, especially for users who are new to the crypto world.
- Risks: Restaking involves risks, such as potential losses if one of the supported projects does not function properly.
Who is the founder of EigenLayer?
EigenLayer was founded by Sreeram Kannan, a professor at the University of Washington with a background in blockchain and distributed systems.
Expectations for the near future
Experts expect a minimum price of €6.85 in 2026 and a minimum price of €22.66 in 2031.
EigenLayer price in the last 24 hours
View all key statistics of the past 24 hours here.
€2.11
€2.28
€2.09
Market information
Use these figures to get a better picture of the EigenLayer market.
€90.4 million
€394.7 million
186.6 million
€4.01
EigenLayer Return On Investment
See how much the price has risen or fallen over the years.
Historical EigenLayer price
Here you can see EigenLayer's daily prices, trading volume and market cap. Looking for a specific date? You can fill in the range all you want. Maybe you'll spot the one trend!
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Frequently asked questions
EigenLayer doesn't have a fixed value because the exchange rate is always in motion. Whenever you get distracted or even blink, it has already changed. Right now, the value of EigenLayer is €2.18.
You can easily buy EigenLayer on BLOX! Quickly download the app, and within two minutes, you'll have your own crypto portfolio with EigenLayer and your other favorite coins.
So much is happening in the crypto market that it's sometimes difficult to stay continuously informed. That's why we've already taken a look at the expectations for you. According to experts, the value of EIGEN is expected to continue rising steadily in the coming years. For instance, the price of EigenLayer is predicted to reach €6.04.
We don't have a crystal ball either, so it's up to you to decide whether you want to invest in EIGEN. We can only recommend once again that you thoroughly research the market and only invest what you're willing to lose.
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