A new contender has stepped into the cryptosphere as Eigenlayer, a decentralized finance (defi) restaking protocol, lifted transfer restrictions on its token. Simply put, restaking allows ethereum holders to reuse their staked ETH or liquid staking derivatives (LSDs) to bolster the security of other decentralized applications (dapps). The native token powering this system is eigenlayer (EIGEN).
By 2 p.m. on Tuesday, EIGEN managed to reach $4.30 per coin.
When EIGEN first hit the market, it debuted at $4.10 per token, and by 7 a.m. Tuesday, it reached an all-time high (ATH) of $4.47. By 1:30 p.m. EDT, it was trading at $3.90 per coin, with a market cap of roughly $730 million. This valuation places EIGEN at the 103rd spot out of the 10,000+ crypto assets available today. With a circulating supply of 186,582,000 EIGEN, its fully diluted value stands at $6.57 billion.
Data reveals that 214,454 unique addresses hold EIGEN, with 1,072,67 transfers recorded since the restrictions were lifted. The top EIGEN wallet, owned by Coinbase Prime Custody, controls 27.6207% of the total supply. The second-largest address, a Gnosis Safe Proxy, holds 12.6570%. The third-largest wallet, an Eigenlayer address, holds 5.8450%. Currently, the top 100 holders collectively control 82% of EIGEN’s supply, or approximately 1,378,799,406.09 tokens. By 2 p.m. EDT, EIGEN increased in value to $4.30 per coin.
