According to data from CoinMarketCap, there are approximately 210 million EIGEN tokens in circulation, with a total supply of 1.68 billion.
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Restaking protocols like EigenLayer allow investors to stake the same digital asset multiple times and reap the additional yields.
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The restaking protocol will start by targeting crypto-native apps, with EigenDA serving as a “beachhead” for onboarding, Sreeram Kannan said.
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