According to Blockworks, P2P.org, the largest EigenLayer operator by total ETH restaked, announced a new revenue distribution plan for users delegating ETH to them. This move aims to reward long-term trust and engagement, with all delegators staking with P2P.org prior to August 15 being eligible for the revenue share. P2P.org has approximately 274,000 ETH and 8.53 million EIGEN staked on EigenLayer across around 8,000 stakers. As part of EigenLayer's programmatic incentives program, 67 million EIGEN will be allocated through the first year, with three-quarters going to ETH stakers and the remaining quarter to EIGEN stakers and operators. For P2P.org, this translates to about 3.63 million EIGEN incentives, worth approximately $12 million today. Assuming the current EIGEN price of $3.3, each staker would receive about $1,500, excluding any AVS yield.
In other news, according to Galaxy Research, crypto venture capital funds invested about $2.4 billion across 478 deals in Q3 2024. This represents a 20% decrease in capital invested and 17% fewer deals compared to the previous quarter. Within Q3, companies in the trading, exchange, investing, and lending categories raised the most, at $462 million. Cryptospherex and Figure markets raised $200 million and $73.3 million, respectively. The second-largest raise came from L1 projects, totaling about $341 million. This indicates that the L1 trade remains significant in the crypto market.
