EIGEN (EigenLayer) rose 16.41% in the last 24 hours.

Gate News Bot news, on September 18, according to CoinMarketCap market data, as of the time of writing, EIGEN (EigenLayer) is currently priced at $1.79, having risen 16.41% in the last 24 hours, with a peak of $1.89 and a low of $1.39. The trading volume in the last 24 hours reached $252 million. The current market capitalization is approximately $603 million, an increase of $85 million compared to yesterday.

EigenCloud is a decentralized platform that provides verifiable application development, AVS infrastructure operation, multi-asset staking, and high-throughput data availability services. Currently, the platform has paid out $117 million in rewards, with a total locked value of $13.01 billion, and 161 AVS are under development. EigenCloud also offers EigenDA services, achieving a throughput of 50 MB/s.

EIGEN recent important news:

1️⃣ EigenLayer develops multi-chain verification layer 2 AVS EigenLayer is developing a new multi-chain validation layer 2 solution called AVS (Active Validation Services). This innovative technology aims to enhance the efficiency and security of cross-chain interactions, promising to bring more use cases and user demand for EIGEN, thereby driving the expansion of its ecosystem and the rise in value.

2️⃣ Received investment from renowned venture capital a16z's crypto division The famous venture capital firm a16z's crypto division has invested in EigenCloud. This strategic investment not only brings financial support to the EIGEN project but also earns it more attention and recognition in the industry, which is beneficial for the long-term development of the project and the enhancement of market confidence.

3️⃣ Eigen Labs is undergoing organizational restructuring Eigen Labs recently underwent an organizational restructuring, reducing its workforce by approximately 25%. The company stated that this decision aims to optimize resource allocation and focus on the core business development of EigenCloud. While it may raise market concerns in the short term, it could help improve operational efficiency and competitiveness in the long run.

From a technical perspective, the price of the EIGEN token has seen a significant rise over the past week, increasing from $1.41 to $1.79, with a rise of 26.95%. The 24-hour trading volume has grown from $128 million to $252 million, nearly doubling, indicating a clear increase in market interest in EIGEN. On the fundamental side, EigenLayer continues to push forward with technological innovation and ecosystem development, but also faces challenges brought about by organizational adjustments. Investors need to closely monitor the project's subsequent developments and their impact on market sentiment.

This message is not intended as investment advice; investors should be aware of market volatility risks.