Let's do a fundamental analysis of #EigenLayer
what is Eigenlayer ???
1-EigenLayer is an Ethereum-based protocol that allows users to "restake" their staked ETH
2-EigenLayer’s EigenDA platform also introduces a scalable data availability layer for Ethereum
#EigenLayer Unique Features
1- Universality: EigenLayer lets users extend Ethereum’s security to various blockchain applications, supporting tasks like oracles, bridges, and data storage across networks. This boosts security and provides extra rewards for stakers
2- Isolation: The EIGEN token operates in tandem with its backing token, bEIGEN, ensuring that forks in staking don't disrupt non-staking applications like DeF
3- Compensation: In cases where an AVS is attacked, the system can redistribute slashed tokens to affected users, ensuring strong crypto economic security
4-Avs: EigenLayer Actively Validated Services (AVS) are specialized applications that leverage Ethereum’s security without needing their own
Token Economics
1-investors 29.50%
2-team 25%
3-development 22%
4-airdrop 15%
5-incentive/reward 15%
45% is allocated to investors and the team, 30% is set aside for community airdrops and incentives, and 15% is dedicated to project development115
Token Inflammation
1-Total Supply =10 Billion
2-Circulating Supply = 210 M (11%)
3-EigenLayer token supply is locked until August 31, 2025. After this date, 14% of the supply will be unlocked gradually over the five months, till December 2025
PRICE PREDICTION
1-Category : Restaking & DA
2- Asset Restaked : 17 Billion dollor
3- Market cap : 1 Billion
If the altcoin cycle begins before the token unlock in August 2025, this project could potentially achieve gains of 5x to 10x, with its market cap possibly reaching between $5 billion to $10 billion
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