$EIGEN Pumped 34.89% over the last 24h, outperforming the ~2% crypto market average. Key drivers include record TVL, technical upgrades, bullish sentiment, and technical indicators signaling momentum.
TVL Hits ATH – Restaking ecosystem TVL hit $28.6B, with EigenLayer dominating 70% ($19.7B).
Technical Upgrades – EigenDA V2 (lower latency) and slashed asset reuse improved platform utility.
Market Sentiment – Traders accumulate EIGEN, citing undervaluation vs. fundamentals.
Deep Dive
1. TVL Growth & Dominance (Bullish Impact)
Overview: EigenLayer’s Total Value Locked (TVL) surged to a record $19.7B, capturing 70% of the restaking market. This reflects growing institutional and retail trust in its security infrastructure.
What this means: Higher TVL signals increased network usage and staking demand, directly boosting EIGEN’s utility as the protocol’s work token. The dominance gap vs. competitors like Lido and AAVE strengthens EigenLayer’s moat.
Key metric to watch: Continued AVS (Actively Validated Services) adoption, now expanding to Layer 2 networks like Base via Multi-Chain Verification.
2. Technical Upgrades (Bullish Impact)
Overview: Recent upgrades include EigenDA V2 (100MB/s throughput for rollups) and the Redistribution mechanism, which reallocates slashed funds to users instead of burning them.
What this means: These improvements enhance scalability and validator efficiency, making EigenLayer more appealing for developers building AI agents, prediction markets, and other advanced dApps. Higher developer activity could drive long-term EIGEN demand.
3. Sentiment & Technicals (Mixed Impact)
Overview: Social media chatter highlights a widening gap between EIGEN’s price and fundamentals, with traders accumulating tokens. Technical indicators like the RSI (75.13) and MACD (bullish crossover) support short-term momentum.
What this means: While bullish sentiment and breakout patterns ($1.94 breaking 7-day SMA of $1.61) suggest upside, the overbought RSI warns of potential profit-taking.
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