EigenLayer is an innovative layer-2 protocol that aims to enhance the security of existing Proof-of-Stake (PoS) networks. Simply put, EigenLayer allows you to secure other networks using your existing staked assets. This way, your assets can generate value across multiple networks, not just one.
EIGEN, which has risen 9.63% in the last 24 hours and at the time of writing, is among the day's risers. Following the EigenLayer (EIGEN) listing, two major cryptocurrency whales bought 702,324 EIGEN for a total of $2.86 million. According to on-chain data, one whale bought 383,672 EIGEN for $1.55 million and the other whale bought 318,651 EIGEN for $1.31 million. These developments may have had a positive impact on the EIGEN price.
