EigenLayer Ecosystem

EigenLayer Ecosystem

Eigenlayer provides developers with access to the Ethereum staked capital base and decentralized validator set.

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Beluga Score

82

Beluga Score

82

What’s the pitch?

Eigen's Story

Launched in 2023, EigenLayer is an Ethereum staking platform that allows users to "restake" their ETH, in a modular way which benefits both Ethereum's security and dApp development. This approach has positioned EigenLayer as a key innovation hub for decentralized applications and Ethereum upgrades, offering developers a simpler way to leverage existing validators rather than setting up new ones​.


In 2024, EigenLayer expanded its reach by enabling Bitcoin restaking through a partnership with Threshold Network, allowing users to stake tBTC, a Bitcoin derivative, within the Ethereum ecosystem.This marks a crucial step for both Bitcoin and Ethereum interoperability and the evolution of BitcoinFi​ in the crypto space.

Hot Topic

What’s Special About $EIGEN & Should You Buy It?

By Pratik Bhuyan | ⏱️ 5 min

The recent launch of EigenLayer's token, $EIGEN, has stirred excitement and debate in the DeFi community…

Read Article

Hot Topic

What’s Special About $EIGEN & Should You Buy It?

By Pratik Bhuyan | ⏱️ 5 min

The recent launch of EigenLayer's token, $EIGEN, has stirred excitement and debate in the DeFi community…

Read Article

How to Start Restaking on EigenLayer

By Pratik Bhuyan | ⏱️ 5 min

Learn how EigenLayer lets ETH stakers double their earning potential across various protocols...

Coming soon

How EigenLayer Supercharges Your Staking Rewards!

By Pratik Bhuyan | ⏱️ 5 min

EigenLayer's restaking mechanism leverages two fundamental ideas to overcome these...

Coming soon

All You Need to Know 

About EigenLayer

By Pratik Bhuyan | ⏱️ 5 min

In the ever-evolving world of cryptocurrencies, new projects are constantly emerging…

Read Article

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Live feed

Eigen's Twitter Feed

Stay updated on EigenLayer’s latest developments and insights by following their X feed for real-time updates.

Follow EigenLayer

Beluga Score

Beluga Score

82 Points

82 Points

NAME

Mission

Mission

Funding

Funding

Management

Management

Ecosystem

Engagement or Community

Engagement or Community

Tokenomics

Tokenomics

Technology

Technology

Top Exchange Listings

Top Exchange Listings

TAM

TAM

Beluga Sonar

Beluga Sonar

ACTION

8 pts

8 pts

10 pts

10 pts

8 pts

8 pts

9 pts

9 pts

7 pts

7 pts

7 pts

7 pts

9 pts

9 pts

10 pts

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7 pts

7 pts

7 pts

7 pts

Beluga’s Take

EigenLayer’s main strength lies in its ability to increase capital efficiency by letting users earn more from the same staked ETH. It’s particularly appealing to developers, providing a secure testing ground for new projects without the need for their own validator network.

While the solid backing from industry giants like Coinbase Ventures and Polychain Capital adds to its credibility, EigenLayer remains an exciting yet risky addition to Ethereum's rapidly evolving landscape. For a long time Eigen was the center of attention for the Ethereum community, but as time has drawn on and people have begun to scratch their heads at what “restaking” really even means, they’ve fallen a bit out of the spotlight. This is not necessarily a bad thing, however, as the best trades tend to come from coins the market ignores.

Based on pre-market trading, Eigen is expected to launch around a $7B fully diluted valuation (FDV) however volume on these pre-markets has been low so it may not be a good indicator of where the token will trade once it is live. With a large portion of the supply circulating at launch coming from airdrops which people will certainly take profit on, price action for the first few days should be very volatile. We’ll be watching to see where things level out in the following days, as Eigen is becoming a core piece of Ethereum’s ecosystem and would be a great addition to the Beluga Public Trading Wallet portfolio at the right price.

How to Participate in the EIGEN StakeDrop?

EigenLayer has kicked off the second phase of its EIGEN token airdrop, allocating an impressive 86 million EIGEN tokens to Season 2 participants.

Read the Article

Q4 2024

Token Release date

EigenLayer is set to release its highly anticipated governance token, $EIGEN in Q4 of 2024. No exact date has been announced yet.

Tokenomics

Tokenomics

Eigen’s Tokenomics

Eigen’s Tokenomics

The total supply of $EIGEN tokens is just over 1.6 billion, with the community receiving 45% and investors and early contributors splitting the rest.

The total supply of $EIGEN tokens is just over 1.6 billion, with the community receiving 45% and investors and early contributors splitting the rest.

Read Whitepaper

Validators

60%

Scale

15%

Team

15%

Foundation

5%

Airdrops

5%

Coming soon

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Dive deep into weekly insights, analysis, and strategies tailored for you, empowering you to navigate the volatile crypto markets with confidence.

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Dive deep into weekly insights, analysis, and strategies tailored for you, empowering you to navigate the volatile crypto markets with confidence.

How to Start Restaking on EigenLayer

By Pratik Bhuyan | ⏱️ 5 min

Learn how EigenLayer lets ETH stakers double their earning potential across various protocols...

Coming soon

How EigenLayer Supercharges Your Staking Rewards!

By Pratik Bhuyan | ⏱️ 5 min

EigenLayer's restaking mechanism leverages two fundamental ideas to overcome these...

Coming soon

All You Need to Know About EigenLayer

By William McKinnon

In the ever-evolving world of cryptocurrencies, new projects are constantly emerging…

Read Article

All Articles

All Articles

Q4 2024

Token Release date

EigenLayer is set to release its highly anticipated governance token, $EIGEN in Q4 of 2024. No exact date has been announced yet.