Price data from major exchanges like Binance, Coinbase, and KuCoin

EigenLayer Unlocks EIGEN Token, Trading Begins at $6.8B FDV and $4.2

Oct 1, 2024, 04:02 AM

EigenLayer has unlocked its highly anticipated EIGEN token, which is now transferable and trading on multiple exchanges. The token is currently trading at a fully diluted valuation (FDV) of $6.8 billion, with prices around $4.2. Major exchanges like Binance, Coinbase, and KuCoin have listed EIGEN, with trading pairs including EIGEN/BTC, EIGEN/USDT, and more. The token launch on October 1 follows significant interest, with pre-market trading and airdrops to eligible $mETH holders. Trading began at 9 p.m. PST, with initial prices around $4.11. EigenLayer is an Ethereum-based middleware protocol that introduces the concept of re-staking, leveraging $11.9 billion in crypto-economic capital. This launch marks a significant milestone for the EigenLayer ecosystem, opening new avenues for shared security and innovation.