EigenLayer's EIGEN Token Debuts at $6.51B FDV

Restaking protocol EigenLayer's native token (EIGEN) is now transferrable and trading at a fully diluted value of $7.16 billion. It will be listed on several centralized exchanges including Binance and MEXC on Oct. 1 at 05:00 UTC. The token debuted at $3.9 with a fully diluted value of $6.51 billion. At press time, EIGEN was up over 13% at $4.26. 1.67 billion tokens have entered the market including 86 million tokens that were airdropped to users that interacted with the protocol earlier this year. A blog post states that the token will solve challenges of "universality, isolation, metering and compensation."

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