The EIGEN token from the prominent restaking protocol EigenLayer has been listed on major exchanges.
The token is available on Binance, Bybit, OKX, Gate.io, Bitget, MEXC, Kucoin, Uniswap, and other platforms.
Since trading commenced, the asset has appreciated by 6.5%, reaching $4.27.
The total market capitalization of the asset reached $789.6 million. At the time of writing, EIGEN ranks 102nd by market cap.
On September 30, EigenLayer developers lifted restrictions on coin transfers. Holders can now trade and send their tokens, including airdrop rewards. This decision also enabled exchanges to list the asset.
According to Onchain Lens, Tron Foundation founder Justin Sun transferred 5.24 million EIGEN, valued at $22.9 million, to HTX (Huobi).
Justin Sun (@justinsuntron) just transferred 5.24M $EIGEN, worth $22.9M, to #Huobi #HTX via a newly generated sub-wallet.
The current price of $EIGEN is $4.10. pic.twitter.com/np1YuMFccs
— Onchain Lens (@OnchainLens) October 1, 2024
Previously, the team conducted two “stakedrops.” According to the tokenomics, 15% of the total supply of 1.67 billion tokens will be allocated for these purposes. The FDV is estimated at $7 billion.
According to DeFi Llama, TVL in EigenLayer stands at $14.9 billion. In June, the metric surpassed $20 billion. The project significantly outpaces competitors in the restaking sector.
Back in August, Ethereum’s supply exceeded 120 million ETH. This was driven by the growth of coins locked in staking and restaking protocols.