The price of $EIGEN today like $SOL 2 years ago! Here’s Why?

💡Understanding $EIGEN layer 5 Categories

1/ **Restaking** 🚀

- Imagine you've staked your $ETH to secure Ethereum. With EigenLayer, you can **restake** that same $ETH to secure OTHER NETWORKS or services. It's like reusing your security deposit to help secure multiple buildings. This reduces the cost for new networks to achieve high security.

2/ **Liquid Restaking Tokens (LRTs)** 💧

- When you restake, you get tokens like $eETH $weETH, $ezETH, $swETH, and more, which represent your staked assets. These LRTs are **liquid**, meaning you can trade or use them in DeFi while still earning rewards from your original stake.

3/ **Actively Validated Services (AVSs)** 🛡️

- Think of AVSs as services that need Ethereum's security but aren't Ethereum itself. These could be oracles, bridges, or even other blockchains. By restaking, your ETH helps secure these services, and in return, you earn more rewards. It's a win-win!

4/ **Hyperscale Rollups** 🌐

- Rollups are like super-efficient sidechains on Ethereum, handling transactions off the main net to increase capacity. Hyperscale implies they're designed to scale massively. With EigenLayer, these rollups can use restaked ETH for security, making them trustless and scalable.

5/ **Apps with Credible Commitments** 🤝 - These are applications where participants make commitments (like in gaming or finance) that are enforced by the network. EigenLayer ensures these commitments are credible through the shared security of restaked ETH, reducing the risk of fraud or non-compliance.

**Why This Matters?**

- EigenLayer's model allows for a more interconnected, secure, and efficient blockchain ecosystem. By leveraging existing staked assets, it lowers the barrier for new projects and enhances overall network security.

- If Ethereum is the foundation, EigenLayer is like building additional floors, using the same foundation, but for different purposes, all interconnected and secure.