🔐 EigenLayer (EIGEN) – New Standard Restaking & DA Protocol for Ethereum Supersecurity
(Data updated until 07/2025 and is only basic overall information about the project to facilitate easy basic evaluation – Not investment advice)
1/ 🌍 Overview & main objectives
EigenLayer is the leading restaking protocol on Ethereum—allowing validators and LST holders to reuse staked ETH to provide security for applications like bridges, oracles, rollups (EigenDA…) and other verifiable services (EigenCloud). Currently managing over $12 billion TVL, top restaking protocol at present.
2/ 📅 Key milestones 06/2024–07/2025
– Q2/2024: Launch EigenDA – first AVS, providing hyperscale DA for rollup.
– 1/2025: Launch of Rewards V2—allowing validators to customize fees & batch claim rewards.
– 4/2025: Establishing Slashing feature on mainnet.
– 6/2025: Launch of EigenCloud—platform of 'verifiability-as-a-service' with primitives like EigenCompute, EigenVerify, EigenDA—further investment of $70M from a16z to buy EIGEN to support development.
– Upcoming Q3/2025: Testing 'Redistribution feature' allowing AVS to use slashed funds, expected mainnet in the summer.
3/ 💸 Revenue & fee model
EigenLayer has not disclosed specific revenue; the model is based on restaking fees and tokenomics distribution from service rewards (EigenDA, EigenCloud) and airdrops.
– Rewards model V2 supports external protocols to customize base fees and batch claims, suitable for fee-driven dynamic models.
– EigenCloud and institutional vaults (through Renzo Protocol & Concrete) open up strong revenue lines from verifiability services.
4/ 📊 Tokenomics
$EIGEN token has a current market cap of approximately $340–350 million (Q2–Q3/2025) (). ATH is $5.65 (12/2024), ATL is $0.67 – meaning the price decreased by ~8.4× from ATH → ATL; from peak to current (~$1.15) decreased by ~80%, currently about ~1.7× ATL.
5/ 🛠️ Technology & dev
– EigenDA: hyperscale DA service with throughput ~10 MB/s, supporting storage for rollups and modules similar to Danksharding.
– Slashing and Redistribution: governance and slashing systems are ready, Redistribution feature is in testnet.
– Smart contracts upgrade (M2): upgrading core and integrating EigenDA contracts ~Q2 2025.
6/ 🌐 Ecosystem & partners
– EigenCloud: platform of verifiable primitives (EigenCompute, EigenVerify, EigenDA), supported by a16z and Six Billion with $70M stake.
– Institutional vaults: cooperation with Renzo Protocol & Concrete to serve the institutional market.
– AI Governance: testing AI adjudicator 'Judge Dobby' to assist with complex decisions like grants.
– Rollup partners: Aergo, Cartesi, Vibe, Sentinel, Layer N have integrated EigenDA and EigenCloud primitives.
7/ 🛣️ Roadmap & future direction
– 2025: Full deployment of EigenCloud, Redistribution mainnet, upgrading AVS governance with AI, unlocking EIGEN transfer after decentralization.
– Expansion: continue to promote verifiability, compute-as-a-service, expand restaking for more LSTs and ETH.
– Toolchain & partnerships: collaboration with rollups, infra providers, implementing modular security across Web3 ecosystems.
8/ ✅ & ⚠️ Opportunities – Challenges
✅ Strong vision of restaking + DA + verifiability.
✅ Institutional traction through a16z & vault.
✅ Rapidly developing ecosystem: AI gov, rollup DA, new primitives.
⚠️ Revenue & fee model are still being tested.
⚠️ Token has dropped significantly from ATH causing psychological pressure.
⚠️ Competing with DA (EigenDA vs Avail/EigenDA) and governance models.
9/ 🧾 Conclusion
EigenLayer is realizing the 'Ethereum 2.0 of modular security' – from restaking, data availability to verifiable compute with EigenCloud. The wave of technology, institutional backing, and pioneering governance is laying the foundation for an irreplaceable position. However, the transition of the fee model and sustainability of token revenue still needs to be proven through Q3–Q4/2025.
#Eigenlayer #EigenDA #EigenCloud #restaking #DataAvailability #VerifiableCompute #eigen #a16z #ModularSecurity
