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EIGEN (EigenLayer) rose 6.10% in the last 24 hours.
Gate News Bot message, September 3, according to CoinMarketCap data, as of the time of writing, EIGEN (EigenLayer) is currently priced at $1.21, with a rise of 6.10% within 24 hours, peaking at $1.28 and dropping to a low of $1.11. The 24-hour volume reached $719,000. The current market capitalization is approximately $397 million, an increase of $22.28 million compared to yesterday.
EigenLayer is a decentralized cloud computing platform designed to provide secure off-chain computing capabilities for verifiable applications. Currently, there are 161 AVS (verifiable services) under development. The platform supports multiple asset staking, including ETH, EIGEN, etc., with a total locked value of $13.01 billion. EigenLayer also offers EigenDA services, achieving a throughput of 50 MB/s, providing users with cloud-level performance and reliability.
Important news about EIGEN recently:
1️⃣ EigenCloud expands its application areas and promotes ecosystem development EigenCloud announced its latest development plan, which will support applications in multiple fields including artificial intelligence, A2A, DeFi, zkTLS, physical assets, DeFAI, DePIN, smart agents, Rollups, and oracles. This strategic expansion is expected to attract more developers and users, bringing new application scenarios and demand rise for the EIGEN token.
2️⃣ Large venture capital continues to invest, demonstrating project potential The well-known venture capital firm a16z crypto has made an additional investment of $70 million in EigenCloud, following a significant move of investing $100 million in EigenLayer in February 2024. The continued financial support not only provides ample funding for project development but also reflects institutional investors' long-term optimism about the EigenLayer ecosystem, which could become an important factor in driving the rise of EIGEN prices.
3️⃣ The scale of re-staked assets has surpassed 12 billion USD, and the ecosystem is rapidly expanding The EigenLayer platform currently has over $12 billion in restaked assets, providing security for more than 200 self-verifiable services. This huge locking scale not only demonstrates users' confidence in the platform but also provides strong value support for the EIGEN token, helping to maintain and push up its market price.
From a technical perspective, EIGEN's 6.10% rise in the past 24 hours, accompanied by a relatively low volume of $719,000, indicates that the market is responding positively to recent good news, but there is still room for improvement in trading enthusiasm. Considering the project's continuous expansion of application areas and the growing scale of re-staked assets, EIGEN may maintain a good development momentum in the medium to long term.
This message is not an investment advice; investors should be aware of market volatility risks.