EigenLayer listed on Binance, WhiteBIT, and other top exchanges. What's next?
EigenLayer, the Ethereum-based restaking protocol, has officially removed transfer restrictions on its native EIGEN token, allowing holders to move and trade their assets freely. The token became transferable at midnight EST and is now trading on various cryptocurrency exchanges.
EIGEN debuted at $3.90 with a fully diluted valuation of $6.51 billion. As of press time, the token price has increased by over 13% to $4.26, giving EigenLayer a fully diluted valuation of $7.1 billion, according to data from CoinGecko.
The token distribution follows EigenLayer’s two stakedrops from an initial supply of 1.67 billion tokens. Approximately 86 million tokens were airdropped to users who had previously interacted with the protocol. Kairos Research estimates the current circulating supply to be around 200 million tokens, despite the protocol facing criticisms over conflict of interest.
Despite the recent TVL decrease, EigenLayer remains a significant player in the Ethereum ecosystem, with over $12 billion in total value locked. The protocol’s innovative approach to restaking and its potential to enhance the security and efficiency of multiple blockchain networks continues to attract interest from investors and developers.
Should the positive dynamics remain, it is possible to see $5 in the nearest future.
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