EigenLayer's EIGEN Token Launches with $7bn Fully-Diluted Market Cap

In a significant development for the decentralized finance (DeFi) sector, EigenLayer has officially launched its native cryptocurrency, EIGEN. The token debuted with a fully-diluted market cap of $7 billion and is now available for trading on major exchanges including Binance, Bybit, OKX, Kraken, and Uniswap v3.

The Eigen Foundation announced that the unlocking of EIGEN opens new avenues for open innovation, shared security, and network participation. This event is expected to catalyze economic expansion, governance, and protocol development within the EigenLayer ecosystem.

EigenLayer, an Ethereum restaking protocol founded by Sreeram Kannan in 2021, has quickly become a leading DeFi project, amassing over $12 billion in total value locked. The launch of EIGEN is anticipated to further diversify the network's use cases and enhance its role in securing Actively Validated Services (AVSs).

This launch marks a pivotal moment for EigenLayer and the broader DeFi landscape, reinforcing optimism about the sector's future growth and innovation.