EigenLayer's EIGEN Token Launches with $7.16B Valuation

The token is now trading on major exchanges, following significant airdrops and a drop in total value locked.

EIGEN token is now trading at $4.26, with a fully diluted value (FDV) of $7.16 billion.
The token is listed on major exchanges including Binance and MEXC as of October 1, 2024.
EigenLayer has experienced a 50% drop in total value locked (TVL) since June, now standing at around $10 billion.
1.67 billion EIGEN tokens are in circulation, including 86 million airdropped to early users.
EigenLayer allows users to stake ether (ETH) to secure multiple networks and earn additional rewards.