EigenLayer’s native token, EIGEN, has entered the top 100 tokens by market cap after it began trading on October 1. According to CoinMarketCap data, the token is trading between $3.50 and $4.50 on Binance, and its current price is around $3.85. This indicates a fully diluted value of around $6.5 billion.

EIGEN’s price is in line with spot prices on derivatives exchanges and over-the-counter trading prior to launch. Aylo noted that EIGEN was launched with a $7 billion FDV, which is exactly in line with the pre-market price.

EigenLayer launched EIGEN via an airdrop in May, but blocked the transfer of tokens until October. In August, over-the-counter trading increased from $2 to $3.50. EigenLayer’s total locked value (TVL) reached $12 billion.

What do you think about these developments? We welcome your comments.