EigenLayer Tokens to Be Released in Coming Hours, Futures Trade at Fully Diluted $6.8B
Summary
Eigenlayer will unlock its EIGEN token at 9 p.m. PST on Monday, with trading starting on Binance an hour later. EigenLayer allows users to stake ether (ETH) to secure other networks and earn additional rewards. The protocol's total value locked (TVL) has decreased by over 50% since June, now standing at approximately $10 billion. The total supply of EIGEN is 1.6 billion, with 86 million allocated to early adopters through a "stakedrop" airdrop. The token's price is currently $4.11, with a fully diluted value of $6.8 billion, and has seen $191,000 in trading volume on Aevo in the last 24 hours.
