EigenLayer has officially removed transfer restrictions on its native EIGEN token as of midnight EST. This significant change has prompted holders to start moving their assets, including tokens received through airdrops.
The removal of these restrictions follows the distribution of EIGEN tokens during EigenLayer’s two stakedrops from an initial supply of 1.67 billion tokens. According to Kairos Research, the total circulating supply is estimated to be around 200 million.
The EIGEN tokens support a unique crypto-economic security system known as inter-subjective forking. Currently, the token trades at approximately $4.28, which leads to a fully diluted valuation of about $7.1 billion, as reported by CoinGecko.
EigenLayer enables users to stake Ether to secure third-party networks or actively validated services. The platform's total value locked has surpassed $12 billion, although this is a decrease from its peak of $20 billion in June of this year.
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