š EigenLayer.
EigenLayer is a decentralized restaking protocol built on Ethereum. It enables ETH stakers (including those using liquid staking tokens like stETH or rETH) to ārestakeā their assets to secure additional services beyond Ethereumās core networkāknown as Actively Validated Services (AVS), such as databases, oracles, AI systems, and data availability layers.
š¬ Token Purpose:
Powers āintersubjective faultā detection, which covers behaviors not detectable purely on-chain but by community consensus.
Staking governance and validation for AVS through EIGEN staking.
Tokenomics:
Total supply: ~1.67āÆB EIGEN.
Allocation:
45% to community initiatives.
15% each to stakedrops, ecosystem development, and community.
~30% to early investors and contributors.
šļø Ecosystem & Governance
Eigen Foundation pledged 1% of supply (~1.6āÆM EIGEN, ~$8M) to the Ethereum Protocol Guild to support ecosystem growth .
Users can delegate EIGEN to earn additional tokens like EGP via protocols such as EigenPie while awaiting full token utility.
š On-Chain Metrics & Growth
TVL: ~$10.8āÆB in restaked assets; revenues ~ $83āÆM fees, $95āÆM incentives annually.
Development activity: ~40 developers, 500+ weekly commits; active since JuneāÆ2025.
Market capitalization: ~$440ā475āÆM, circulating supply ~306āÆM EIGEN; FDV ~$2.5āÆB.
š® Outlook & Roadmap
Deployment of AVS modules like EigenDA (data availability) and rollups in production .
Expanding governance: community first, then protocol-managed EIGEN staking.
Security & adoption milestones will likely drive token performance; current metrics show strong foundational setup.
ā Final Thoughts
EigenLayer is forging a new paradigm in Ethereum restaking. With major TVL traction, robust developer engagement, and a novel token model for intersubjective faults, itās emerging as a critical infrastructure piece in the Web3 stack.
