EigenLayer is a new system built on the Ethereum blockchain that introduces a concept called restaking, a new feature in blockchain security. This feature allows users to restake their staked Ethereum within the system's consensus layer. EigenLayer's key advantage is its ability to collect and boost blockchain security through restaking, while also supporting the development of new applications on Ethereum.
Eigenlayer Price Analysis
As of November 24 2024 Eigenlayer has a marketcap of $526M.
This is {{percentagefromath}} from its all time high of $4.47.
In terms of its tokenomics, there's a total supply of 1.7B with 11% currently outstanding.
Keep in mind Eigenlayer has a fully diluted value of $4.8B which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
