According to TechFlow, on October 7, DeFi researcher Ignas pointed out that the number of EIGEN currently in pledged status is larger than the number of EIGEN in circulation - the pledged amount is 242 million and the circulation amount is 186 million (CMC and Coingecko data). This is because EigenLayer allows investors' tokens in a "locked" state to be pledged. Ignas added that this is a common problem in the industry, and TIA seems to have similar problems. It dilutes the staking rewards available to real users and limits the token's value-added potential because the lower APY is not enough to attract people to buy these tokens from the market.