EigenLayer's $EIGEN Token Now Trading on Major Exchanges at $7 Billion FDV

Sep 30, 2024, 11:05 PM

EigenLayer's $EIGEN token has been unlocked and is now available for trading on multiple major exchanges, including Binance, Coinbase, KuCoin, OKX, Bybit, and Bitfinex. The token, which operates on the Ethereum network, introduces the concept of restaking and is currently trading at a fully diluted valuation (FDV) of approximately $7 billion. Trading pairs for $EIGEN include EIGEN/BTC, EIGEN/USDT, EIGEN/FDUSD, and EIGEN/TRY. The token's initial trading prices range from $3.92 to $4.2 across different platforms. Trading began at 9 p.m. PST on October 1, and Binance has applied a Seed Tag to the listing. This launch marks a significant milestone for the EigenLayer ecosystem, which leverages $11.9 billion in crypto-economic capital to enhance security and innovation.