EigenLayer's native token EIGEN is now transferrable, trading at $4.26 with a fully diluted value of $7.16 billion, launching on major exchanges.
EigenLayer has seen a significant 50% drop in total value locked since June, falling from $20 billion to around $10 billion, influenced by staker outflows.
The protocol's unique perspective on EIGEN positions it as a 'Universal Intersubjective Work Token,' designed to tackle issues like universality and social consensus.
The token was launched at $3.9 with an FDV of $6.51 billion, now witnessing market activity with 1.67 billion tokens circulating, including airdropped tokens.
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