EigenLayer's EIGEN Token Debuts at $6.51 FDV
Summary
EigenLayer's native token, EIGEN, is now transferrable and trading with a fully diluted value of $7.16 billion. It will be listed on exchanges like Binance and MEXC on October 1. Initially debuting at $3.9, EIGEN's price rose over 13% to $4.26. A total of 1.67 billion tokens have entered the market, including 86 million airdropped to early users. Unlike typical governance tokens, EIGEN is termed the "Universal Intersubjective Work Token," addressing challenges like universality and compensation through social consensus and forking. EigenLayer's TVL dropped from $20 billion in June to $10 billion due to stakers exiting after airdrop eligibility. Built on Ethereum, it accepts ETH deposits for securing additional networks and yield.
