BlockBeats news, on October 7, overseas crypto KOL Ignas posted a post with data pointing out that the number of EIGEN currently in pledged status is larger than the number of EIGEN in circulation - the pledged amount is 242 million and the circulation amount is 186 million (CMC and Coingecko data).

This is because EigenLayer allows investor tokens in a "locked" state to be staked. Ignas added that this is a common problem in the industry, and TIA seems to have similar problems.

It dilutes the staking rewards available to real users and limits the token's value-added potential, because the lower APY is not enough to attract people to buy these tokens from the market.