EIGEN Token Now Trades With $7B FDV As Transfer Limits Lift

Key points:

• EigenLayer lifted transfer restrictions on its EIGEN token, enabling trading on various exchanges.
• The current trading price is about $4.28, which results in a fully diluted market valuation of $7.1 billion.

EigenLayer has lifted transfer restrictions on its EIGEN token, now trading on exchanges at $4.28, giving the token a $7.1 billion fully diluted valuation.

EigenLayer Token Now Trading on Major Exchanges

EigenLayer has officially lifted its transfer restrictions on the native EIGEN token, opening trading on several exchanges. Today, the token changes hands for about $4.28, which combines for a fully diluted valuation of $7.1 billion, according to CoinGecko.

In so doing, today represents another seminal moment in the very quick lifecycle of EigenLayer, which has stewarded two stakedrops of EIGEN tokens thus a process by which 1.67 billion tokens were supplied.

Read more: EigenLayer Token Transfer Restrictions Set to End on September 30

EIGEN Token Hits $7.1 Billion Market Cap After Restriction Lift

Recently, after the lifting of transfer restrictions, EIGEN holders have begun to liquidate. Circulating supply is about 200 million, giving a crypto-economic security model powered by EigenLayer.

At a price of trading at $4.28, its market capitalization has soared to $7.1 billion, reflecting growing demand for its staking service.

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