EigenCloud (prev. EigenLayer) (EIGEN)
EigenLayer is a pioneering restaking protocol built via a set of smart contracts on Ethereum. It enables ETH native stakers to opt in and validate new software modules built on top of the Ethereum ecosystem.
Since its inception in 2021, EigenLayer has achieved a remarkable $15B+ of total value locked (TVL) in the protocol. Additionally, EigenLayer has successfully raised over $164.5M from prominent funds, including Coinbase Ventures, Polychain Capital, and others.
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EigenCloud (prev. EigenLayer) Overview
EIGEN/USD Price Chart
| Exchange | Pair | Price | Volume (24H) | Trust Score |
|---|---|---|---|---|
 Binance | USDT 0.252 $0.252 | 6.49M | ||
 Bybit | USDT 0.252 $0.252 | 2.1M | ||
 OKX | USDT 0.252 $0.252 | 1.44M | ||
 HTX | USDT 0.251 $0.251 | 1.43M | ||
 KuCoin | USDT 0.252 $0.251 | 457.62K | ||
 Gate | USDT 0.252 $0.252 | 396.43K | ||
 Bitget | USDT 0.252 $0.251 | 282.11K | ||
 MEXC | USDT 0.252 $0.252 | 260.22K | ||
 Coinbase Exchange | USD 0.252 $0.252 | 617.38K |
EigenCloud (prev. EigenLayer) Review
Let’s try to dive deeper into the topic specifics and answer the question: What is Eigen Layer?
EigenLayer is a pioneering protocol on Ethereum that enables native ETH and Liquid Staking Token (LST) stakers to opt-in to the protocol's smart contracts and restake their ETH or LST. With the EigenLayer Ethereum restaking protocol, users will be able to add security to the Ethereum network's decentralized applications and reduce costs for AVS to secure their networks. This involves users earning additional returns on their original stake APR in the future. As of 2023, EigenLayer currently has over $4.8B of Total Value Locked (TVL), making it one of the most popular and reliable startups in the cryptocurrency space.
To delegate ETH and LSTs in a more decentralized way, the EigenLayer restaking protocol uses node operators. There are no requirements for users to become a node operator; in fact, anyone with an Ethereum address can serve as an operator.
Since its inception in 2021, the EigenLayer crypto startup has managed to raise over $64.5M from top-tier funds such as Coinbase Ventures, Polychain Capital, Blockchain Capital, and more. It has also established partnerships with leading tech companies, including Near Foundation, Polyhedra Network, CELO Foundation, and more.
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