🚨NEW Listing $EIGEN ! Over 1000% 😲
EIGEN's listing offers zero trading fees but carries a high-risk seed tag due to its novelty and volatility.
EigenLayer leads Ethereum resttaking, with $11.98 billion in total value locked, driving liquidity and DeFi growth. Notably, the new listing will offer zero fees, allowing users to trade the token without incurring costs — an approach exchanges often use to attract more activity.
However, Binance has warned that EIGEN, as a relatively new token, carries higher than normal risk and may experience significant price volatility.
The Advantages of EIGEN Holders Liquid staking tokens allow holders to earn yields on the underlying token while participating in decentralized finance (DeFi) activities such as lending and borrowing. LSTs also help secure the blockchain through staking.
Meanwhile, EigenLayer remains dominant in Ethereum resttaking. A recent CoinGecko report noted that EigenLayer resttaking contributed to the Ethereum ecosystem's achievement in Q1 2024. Since September 7, the total value locked (TVL) on EigenLayer has increased by over $1.5 million.
Always DYOR ☝️💡
