EigenLayer is a “restaking” protocol developed on the Ethereum network. This protocol allows users to contribute to the security of different projects by re-staking ETH or liquid staking tokens (such as stETH, rETH) that they have staked on Ethereum. In this way, existing staked assets can be utilized across multiple platforms, generating additional revenue. EIGEN Coin, the native token of EigenLayer, plays an important role in the platform's ecosystem. EIGEN holders have a say in the governance of the platform, can participate in voting and contribute to the development of the network. In addition, EIGEN Coin can be used in re-staking transactions, allowing users to earn additional rewards.
EIGEN, which has risen 16.54% in the last 24 hours and at the time of writing, is among the rising ones of the day. A leading global exchange announced that it will list a new trading pair for EigenLayer (EIGEN). According to the official announcement, traders will be able to start trading on the EIGEN/USDC trading pair from 11:00 on November 28th. This listing aims to expand access to EIGEN and increase liquidity. EIGEN price may have risen after the listing news.
