Altcoin

Eigenlayer (EIGEN) Goes Live at $6,562,768,429, Fully Diluted Valuation as Coinbase Adds Support

Published

12 months ago

October 1, 2024

A model new Ethereum (ETH)-based residual taking protocol is debuting with an enormous appreciation after gaining Coinbase assist.

In line with Coin basethe biggest US-based crypto trade by buying and selling quantity listed Eigenlayer (OWN) yesterday.

“Coinbase will add assist for EigenLayer (EIGEN) on the Ethereum community (ERC-20 Token). Don’t ship this merchandise by way of different networks or your cash could also be misplaced. Transfers for this asset can be found on Coinbase within the areas the place buying and selling is supported.”

Eigenlayer goals to allow customers to reuse their staked ETH or different Liquid Staking Tokens (LSTs) to safe decentralized purposes (DApps) of the Eigenlayer ecosystem. The method seeks to maximise the utility of asset deployment whereas contributing to the general safety of the ETH ecosystem.

Following the launch and Coinbase’s announcement, EIGEN rose from an all-time low of $3.61 to an all-time excessive of $4.47, a rise of 23.8% in simply three hours.

In line with blockchain reporter Colin Wu, Tron (TRX) founder Justin Solar is a blockchain fanatic transferred earlier at the moment a big sum of OWN, considerably growing the totally diluted worth (FDV) of the asset.

“Justin Solar’s group transferred 5.37 million OWN to Huobi HTX by way of six addresses, value roughly $21.8 million. Primarily based on the present value of 4.06 USDT, OWN FDV is roughly $6.8 billion.”

Eigenlayer is buying and selling at $4.02 on the time of writing, up 0.1% within the final 24 hours.

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