EigenLayer’s total locked value (tvl) exceeds $12.5 billion




Ethereum upgrade and its ETF are the biggest narrative of this bull market, EigenLayer

It is a re-staking project on Ethereum. EigenLayer is the first project to propose Restaking. Currently, only ethfi has been listed on Binance. From its performance after its launch, we can also see the potential of this track. Eigenlayer is much stronger than it, because the total locked position of ethfi is only 3.27 billion US dollars, and the current price of ETHFI is 5.5U. Eigenlayer still has huge potential.



Project Description

EigenLayer is a protocol built on top of Ethereum that introduces the concept of re-staking, a new primitive in cryptoeconomic security. This primitive allows re-staking of $ETH on the consensus layer. Users who stake $ETH can opt-in to the EigenLayer smart contract to re-stake their $ETH and extend cryptoeconomic security to other applications on the network.



Team
EigenLayer has a blockchain team focused on technological innovation, with 30 members, more than 80% of whom are engineers. Although the team is young, they have rich blockchain technology background and research experience. It is a blockchain team full of vitality and potential, worthy of attention and expectation. Simply from the history of blockchain projects, most projects created by pure technical teams are very successful.





Track
At present, EigenLayer is the leader in the Restaking sector in terms of both project quality and data. It has once again broken through the pledge height, which is more than 3.5 times the pledge amount of ETHFI, which is currently online. We are looking forward to its performance after launch.





project financing

According to RootData, EigenLayer is:


In August 2022, it completed a $14.5 million seed round of financing, led by Polychain and Ethereal Ventures, with participation from Figment Capital, dao5, Robot Ventures, etc.


On March 28, 2023, EigenLayer completed a $50 million Series A financing with a valuation of $500 million, led by Blockchain Capital, and participated by Coinbase Ventures, Hack VC, Electric Capital, etc.


On February 22, 2024, A16Z received $100 million in financing




Eigenlayer mainnet launch + potential token launch (forecast)

1. Eigenlayer tokens are likely to be launched in late April or early May.

2. The main reasons include the Eigenlayer mainnet is confirmed to be launched in the next few weeks, which may be the launch of the code

The best time to buy a coin is now, and many early investors say the token will be released at this time.

3. April may also be the month when the first Eigenlayer Active Verification Service (AVS) goes online, e.g.

Altlayer is a popular AVS, a decentralized protocol for Rollups.

4. Eigenlayer chooses to "rent" security from Ethereum through AVS. The AVS project can

There may be an airdrop for Eigenlayer users, just like when Altlayer launched its token a few months ago

As done.

5. According to the Etherfi team, 8 AVS will soon start contributing to EtherFi’s eETH liquidity

Re-staking token holders distribute points or token rewards.

Expected to be launched on BN, OK



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