Key Points:
EigenLayer has officially lifted its transfer restrictions on the native EIGEN token, opening trading on several exchanges. Today, the token changes hands for about $4.28, which combines for a fully diluted valuation of $7.1 billion, according to CoinGecko.
In so doing, today represents another seminal moment in the very quick lifecycle of EigenLayer, which has stewarded two stakedrops of EIGEN tokens thus a process by which 1.67 billion tokens were supplied.
Read more: EigenLayer Token Transfer Restrictions Set to End on September 30
Recently, after the lifting of transfer restrictions, EIGEN holders have begun to liquidate. Circulating supply is about 200 million, giving a crypto-economic security model powered by EigenLayer.
At a price of trading at $4.28, its market capitalization has soared to $7.1 billion, reflecting growing demand for its staking service.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Palo Alto, California, 21st November 2024, Chainwire
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