A big step forward for Ethereum, EigenLayer has now launched slashing on Mainnet, meaning the security model is complete. This is a long-awaited upgrade. It is more than a just technical enhancement; it establishes EigenLayer as the backbone of “Verifiable Cloud.” From here on out, applications and services built atop EigenLayer will be able to make reliable, enforceable commitments. While the upgrade certainly tightened up EigenLayer’s core mission of providing secure, reliable infrastructure, it also introduced a fair number of new features that give users of EigenLayer across the network a lot more control and flexibility over what they’re doing.
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]]>In recent weeks, the crypto community has been abuzz with EigenLayer, an innovative protocol on the Ethereum blockchain that is now offering new restaking features. In an effort to promote the protocol, EigenLayer has been giving away tokens—$EIGEN tokens to be precise. However, many of the recipients seem to be experiencing a bout of seller’s euphoria, as The Block’s Tim Copeland has reported. After receiving the free tokens, the token-givers’ past sins seem to have caught up with them and been visited upon the protocol. The wallets that received $EIGEN were hardly insulated from the consequences of rewarding free-token-seekers, while
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Bitcoin staking has a total addressable market in the hundreds of billions, industry executives say.
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More than 93% of Solana’s validators use Jito’s software for MEV, according to Jito Labs.
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The proposal to buy back tokens with protocol revenues is intended as a new value accrual mechanism for tokenholders.
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According to data from CoinMarketCap, there are approximately 210 million EIGEN tokens in circulation, with a total supply of 1.68 billion.
]]>A previously inactive crypto wallet has re-emerged with significant activity in the EigenLayer ecosystem. The wallet, dormant for over two years, withdrew 1.6 million EIGEN tokens—worth $7.25 million—from Binance, bringing its total withdrawals over the past 43 hours to 2 million EIGEN, valued at $9.03 million. These purchases were made at an average price of $4.52 per token. A 2-year-old dormant wallet withdrew 1.6M $EIGEN ($7.25M) from #Binance 20 minutes ago, bringing its 43-hour total to 2M $EIGEN ($9.03M) at ~$4.52. Notably, before $EIGEN, this wallet had only withdrawn 8.89 $SSV from Binance in March 2023 (646 days ago). Follow
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The upgrades are designed to bring greater flexibility to EigenLayer’s restaking ecosystem.
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The decentralized Web3 marketplace will leverage EigenLayer’s infrastructure to improve accessibility and reduce development costs.
]]>As the U.S. 2024 election draws closer, smart money is moving into $EIGEN, with a well-known crypto investor, smartestmoney.eth, making a significant accumulation. Over the past 35 hours, this experienced trader has withdrawn 1 million $EIGEN (valued at $2.47 million) from Binance at an average price of $2.473. This trader is known for their previous impressive profit of around $20.6 million from $ETH, signaling a strong record of timing the market. smartestmoney.eth (@smartestmoney_) is accumulating $EIGEN ahead of the U.S. 2024 election. Over the past 35 hours, this smart trader withdrew 1M $EIGEN ($2.47M) from #Binance at an average price
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