""""
i agree that there will be L2 hyperliquids. i've actually tweeted out: i think this is a big opportunity to build the zkhyperliquid
i just don't think you can build it on ethereum. i think it's like literally mathematically impossible. if you look at any of the numbers ethereum is many orders of magnitude away from being able to support it on DA
i think that people are going to build this and it's going to be on top of celestia, it's going to be on top of eigenda... you just can't build it on top of ethereum
ethereum DA is, for anyone who looks at the numbers, just so far away right now.
just to give a sense on some of the numbers, the big endgame danksharding number that people have usually given for ethereum is like 128 blobs, 1.33 MB/s.
that's where celestia is today
that is also about 40x, or no maybe it's like 20x, where ethereum is today
let's assume they get there. okay, great. that's where these other chains are today, or already surpassing that. and like where are these other chains going to be by that point
you look at the last testnet for celestia, it's something like 20 MB/s. celestia, eigenDA, they're all going for GB/s
so these high scale things, they're just not going to be on ethereum DA
like we're already seeing that, we're seeing where the new chains go. where do the @convergeonchain's of the world, that ethena securitized chain, they go to celestia...
i do not think that mathematically ethereum can win this market anymore. at least at scale, it's not going to be the dominant player in the long term because it literally can't on scale
"""
--@jon_charb
Bankless
LIVE NOW - How Should ETH Be Valued? | Ryan Berckmans vs. Jon Charbonneau
@jon_charb and @ryanberckmans join Bankless to debate Ethereum’s future: is ETH undervalued, or has the market already spoken?
We unpack whether Ethereum can rival Bitcoin as a store of value, if L2s will drive real value back to ETH, and whether Solana’s momentum signals deeper trouble for Ethereum. Jon argues ETH has lost its lead and may never reclaim it. Ryan contends Ethereum’s neutrality and institutional traction make it the inevitable hub for the onchain economy.
This is the definitive conversation on where ETH stands—and where it’s heading.
--------------
TIMESTAMPS
0:00 Intro
0:32 Is ETH special?
31:00 How ETH should be valued
49:47 ETH over or undervalued?
1:06:12 Being wrong on ETH
1:09:13 Closing & Disclaimers
9.68K
16
sacha 🦣
""""
i agree that there will be, call them L2, hyperliquids. i've actually tweeted out: i think this is a big opportunity to build the zkhyperliquid
i just don't think you can build it on ethereum. i think it's like literally mathematically impossible. if you look at any of the numbers ethereum is many orders of magnitude away from being able to support it on DA
i think that people are going to build this and it's going to be on top of celestia, it's going to be on top of eigenda... you just can't build it on top of ethereum
ethereum DA is, for anyone who looks at the numbers, just so far away right now.
just to give a sense on some of the numbers, the big endgame danksharding number that people have usually given for ethereum is like 128 blobs, 1.33 MB/s.
that's where celestia is today
that is also about 40x, or no maybe it's like 20x, where ethereum is today
let's assume they get there. okay, great. that's where these other chains are today, or already surpassing that. and like where are these other chains going to be by that point
you look at the last testnet for celestia, it's something like 20 MB/s. celestia, eigenDA, they're all going for GB/s
so these high scale things, they're just not going to be on ethereum DA
like we're already seeing that, we're seeing where the new chains go. where do the @convergeonchain's of the world, that ethena securitized chain, they go to celestia...
i do not think that mathematically ethereum can win this market anymore. at least at scale, it's not going to be the dominant player in the long term because it literally can't on scale
"""
--@jon_charb
Bankless
LIVE NOW - How Should ETH Be Valued? | Ryan Berckmans vs. Jon Charbonneau
@jon_charb and @ryanberckmans join Bankless to debate Ethereum’s future: is ETH undervalued, or has the market already spoken?
We unpack whether Ethereum can rival Bitcoin as a store of value, if L2s will drive real value back to ETH, and whether Solana’s momentum signals deeper trouble for Ethereum. Jon argues ETH has lost its lead and may never reclaim it. Ryan contends Ethereum’s neutrality and institutional traction make it the inevitable hub for the onchain economy.
This is the definitive conversation on where ETH stands—and where it’s heading.
--------------
TIMESTAMPS
0:00 Intro
0:32 Is ETH special?
31:00 How ETH should be valued
49:47 ETH over or undervalued?
1:06:12 Being wrong on ETH
1:09:13 Closing & Disclaimers
2.68K
0
Andy reposted
f1go.eth
- ETH ETFs 17 day inflow streak
- Blackrock, Coinbase, Sony building on ETH
- Larry Fink wants to tokenize global wealth worth $400T. 60% of stablecoins and 80% of RWAs already on ETH
- Joes Sharplink is ETHs Saylor
- all fundamentals bullish (L1 on way to 10k+ tps, ERC 7683 unifying L2s, MegaETH 100k+ tps mainnet next, Eigenlayer bringing verifiable AI etc.)
Mania will happen on ETH.
Andy
Mania is coming…
- US & China reached a deal today
- CPI numbers lower than estimated
- Stocks pushing ATHs
- China stimulating $1.5T to help boost RE market
- Rate cuts are coming
- Deregulation of crypto markets
- New crypto treasury vehicles announced every week
- SOL ETF incoming
- BTC.D looks topped
- Retail hasn’t returned yet
You’re not bullish enough.
6.85K
54
Blackbeard
I really like the way the DeFi space evolves. After the bull market I plan to just run some yield strategies and ride into the sunset tbh.
Think @Mantle_Official is flying under the radar as of now while its pivot from L2 scaling to full-stack onchain finance hub seems paying off.
- Fully intergrated EigenLayer, Karak, Symbiotic, and Veda.
- mETH Protocol now live on Morphobeat, HyperSwap, HypurrFi, and Hyperbeat/Mizu
- Highest LTV ratio at 91.5%, making it the most competitive looping strategy available on HyperEVM
The current price of Eigen is $1.5993. Over the last 24 hours, Eigen has increased by +0.84%. It currently has a circulating supply of 306,754,372 EIGEN and a maximum supply of 1,729,005,750 EIGEN, giving it a fully diluted market cap of $490.81M. At present, Eigen holds the 81 position in market cap rankings. The Eigen/USD price is updated in real-time.
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 and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX 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.
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.
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 2.2K new posts about Eigen, driven by 1K contributors, and total online engagement reached 491K social interactions. The sentiment score for Eigen currently stands at 59%. 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
2,239
Contributors
1,019
Interactions
491,291
Sentiment
59%
Volume rank
--
X
Posts
1,787
Interactions
222,230
Sentiment
93%
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 $1.5993. 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.
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 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 does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. 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 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 and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX 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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