EigenLayer will launch its native token, EIGEN, on Tuesday, with Binance listing the token one hour after its launch. EigenLayer allows users to stake Ethereum and earn additional rewards. However, the total value locked in the protocol has dropped by over 50%, indicating increased competition. The total supply of EIGEN will be 1.6 billion tokens, with 86 million reserved for early adopters through an airdrop. The token is currently trading at $4.03 with a trading volume of $191,000, and a fully diluted valuation of $6.8 billion. Volatility is expected after the launch.



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