June marked the best month for crypto fundraising in over 3 years.
More than $2.5 billion in capital was deployed by VCs.
Let's break down the largest deals 🧵
➣ @Kalshi: $185m
Kalshi is a US-based prediction market that recently expanded to blockchain. It's the first CFTC-regulated prediction market platform.
➣ @BitDigital_BTBT: $150m
Bit Digital, formerly a Bitcoin mining company, has transitioned to focus on Ethereum staking and treasury operations.
➣ @digitalassetcom: $135m
Digital Asset is the creator of the Canton Network, a public Layer 1 blockchain with institutional privacy. They offer enterprise products and services for rapid institutional-grade tokenization.
➣ @eigenlayer: $70m
Eigen integrates blockchain verification into real-world applications, enabling developers to create apps, agents, and AVSs that securely verify any input, data, or event.
➣ @zama_fhe: $57m
The Zama confidential blockchain protocol enables confidential smart contracts on top of any L1 or L2 using FHE.
➣ @HypernativeLabs: $40m
Hypernative is a cybersecurity platform purpose-built for Web3 applications, offering real-time threat detection, monitoring, and automated response across blockchain ecosystems.
➣ @yupp_ai: $33m
Yupp is a consumer-facing AI evaluation platform that lets users compare outputs from multiple AI models side by side, earn rewards for feedback, and shape the future of AI systems.
➣ @turnkeyhq: $30m
Turnkey simplifies private key management. Create wallets, sign transactions, and automate on-chain actions all with one API.
➣ @Noah_HQ: $22m
Noah offers seamless, API-powered cross-border payments using stablecoins.
➣ @OneBalance_io: $20m
OneBalance is an infrastructure platform designed to simplify the DeFi experience by implementing chain abstraction.
Hope you enjoyed this post and found some new VALUABLE information.
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LAYER
Build anything. Verify everything.
This is just the beginning.
☁️@eigenlayer
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YQ
Great event with @eigenlayer @brevis_zk & @boundless_xyz. See you all in SG at @token2049
AltLayer
We wrapped up our event yesterday at @EthCC, (Re)fundamentals turned out to be a big W!
Huge thanks to almost 1200+ of you who showed up and made it a success and shoutout to our co-hosts @brevis_zk & @boundless_xyz for making it extra special!
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EigenLayer
New bio: Build Anything. Verify Everything.
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Renzo
1/ Flow vaults are "institutional."
Using Flow, banks, funds, custody platforms, and other regulated entities can participate in restaking on @EigenLayer without needing to use Solidity or compromise compliance.
The current price of Eigen is ₺45.7179. Over the last 24 hours, Eigen has increased by +0.70%. It currently has a circulating supply of 312,566,706 EIGEN and a maximum supply of 1,734,155,432 EIGEN, giving it a fully diluted market cap of ₺14.34B. At present, Eigen holds the 95 position in market cap rankings. The Eigen/TRY price is updated in real-time.
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EIGEN is a universal intersubjective work token within the EigenLayer protocol. It's called an "intersubjective" token because it's designed to address intersubjective faults in a network. These are faults where there's consistent agreement among the majority of network participants that a malicious act has been committed. As a result, EIGEN helps to secure the network by discouraging inconsistent behaviors.
The EigenLayer protocol allows stakers of ETH, the native token of the Ethereum network, to extend the network's security to other applications across the EigenLayer network through a novel concept known as restaking. Here, ETH stakers can restake their tokens to secure other protocols built on EigenLayer, without the need to build a separate validator set.
How does EIGEN work?
Where ETH is used to secure services or protocols, EIGEN helps to address intersubjective faults that deserve a penalty by introducing intersubjective staking. In this situation, stakers who act outside of the network's rules can be penalized through slashing. Slashing sees individuals lose a quantity of their staked ETH. According to the project, through this approach, the EIGEN token allows the token to be forked without forking the Ethereum mainnet consensus.
EIGEN is also used to secure EigenDA, a data availability layer that supports Ethereum rollups.
Price and tokenomics
Season one of stakedrop claims for the EIGEN token opened on May 10, 2024. Here, 6.05% of the token's total supply of 1.67 billion EIGEN were made available to eligible users. Season one phase two of the stakedrop launched in June 2024, and made a further 0.7% of the total token supply available. According to the project, future seasons will see a further 1.5% of the total EIGEN tokens released.
Alongside the 15% of tokens allocated to stakedrops, 15% will go towards community initiatives, with 15% allocated to ecosystem development. A further 29.5% will be allocated to investors, with 25.5% assigned to early contributors.
All tokens allocated to investors and core contributors will remain fully locked up for one year after the date on which the token first becomes transferrable for the community. After this date, the EIGEN tokens allocated to investors and core contributors will be unlocked at a rate of 4% per month. This means EIGEN held by investors and core contributors won’t be fully unlocked until three years after the date the tokens first become transferable for the community.
About the founders
EigenLayer was founded in 2021 by Sreeram Kannan, a former professor at the University of Washington. Kannan remains as the project's CEO today. EigenLayer is developed by Eigen Labs, a research organization "focused on contributing to protocols that supercharge open innovation on Ethereum", according to the company's official X account.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 1.5K new posts about Eigen, driven by 867 contributors, and total online engagement reached 252K social interactions. The sentiment score for Eigen currently stands at 71%. Compared to all cryptocurrencies, post volume for Eigen currently ranks at --. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Eigen.
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Posts
1,542
Contributors
867
Interactions
251,513
Sentiment
71%
Volume rank
--
X
Posts
1,043
Interactions
33,282
Sentiment
84%
Eigen FAQ
What is the total supply of EIGEN?
EIGEN has a total supply of 1.67 billion.
Is it safe to trade EIGEN?
Although EIGEN is the native token of a legitimate crypto project in EigenLayer, there’s always an element of risk when trading any form of crypto asset. That's why it's important to do your own research and never trade with more than you can afford to lose.
What problem does EigenLayer solve?
EigenLayer helps to extend the security benefits of the Ethereum network to more projects in a cost-effective way, through restaking. Those who stake ETH can use EigenLayer smart contracts that extend cryptoeconomic security to other applications built on the network.
How can I get hold of the EIGEN token?
EIGEN tokens were initially available to users of the EigenLayer protocol who claimed their share of the tokens’ total supply. The tokens weren’t transferable once claimed, meaning any EIGEN held couldn't be brought or sold. You can obtain EIGEN once the token is listed for spot trading on exchanges.
How much is 1 Eigen worth today?
Currently, one Eigen is worth ₺45.7179. For answers and insight into Eigen's price action, you're in the right place. Explore the latest Eigen charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Eigen, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Eigen have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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