About
EIGEN
Ended--
Last price (USDT)
171.76K
24h total (USDT)
739.77K
Total vol (USDT)
2024-04-30 09:00:00 ~ 2024-10-01 03:30:00
Trading time (UTC+0)
2024-10-01 09:00:00
Delivery time (UTC+0)
Total supply1.77B
Resources
Introduction
EigenLayer is a protocol built on Ethereum that introduces re-staking, allowing users who have staked $ETH to join the EigenLayer smart contract to re-stake their $ETH and extend cryptoeconomic security to other applications on the network. As a platform, EigenLayer, on one hand, raises assets from LSD asset holders, and on the other hand, uses the raised LSD assets as collateral to provide middleware, side chains, and rollups with AVS (Active Verification Service) needs. The convenient and low-cost AVS service itself provides demand matching services between LSD providers and AVS demanders, while a specialized pledge service provider is responsible for specific pledge security services. EIGEN total supply: 1.67 billion tokens
The Eigen Foundation proposes to adjust EIGEN token incentives, offering higher rewards for active users.
PANews reported on December 20 that the foundation behind the EigenLayer restaking protocol has proposed a governance change aimed at introducing a new incentive mechanism for its EIGEN token and adjusting the protocol’s reward strategy to prioritize efficient network activity and fee generation. According to the plan, a newly established Incentives Committee will be responsible for managing token issuance, prioritizing rewards for participants who ensure AVS security and expand the EigenCloud ecosystem. The proposal includes a fee model that returns AVS rewards and EigenCloud service revenue to EIGEN holders, which could create deflationary pressure as the ecosystem develops.
Revolutionary Shift: EigenLayer Foundation Proposes Major Overhaul of EIGEN Token Incentives
In a move set to reshape its growing ecosystem, the EigenLayer Foundation has unveiled a pivotal governance proposal. The plan aims to fundamentally restructure its EIGEN token incentives system. This overhaul directly targets how participants are rewarded for securing the network and generating value. What’s Driving the Change in EIGEN Token Incentives? The core objective is clear: align rewards with real, measurable contributions. The current proposal, reported by CoinDesk, seeks to move away from a static model. Instead, it wants to tie EIGEN token incentives directly to network activity and the fees generated. This creates a more sustainable and performance-driven economy. Imagine a system where your rewards aren’t fixed but grow with the ecosystem’s success. That’s the future EigenLayer envisions. The goal is to foster genuine participation and long-term security, not just passive holding. How Will the New Incentive System Work? The proposal introduces a novel structure with two primary pillars. First, it emphasizes securing Actively Validated Services (AVS). These are the critical middleware services built on top of EigenLayer. Second, it rewards expansion within the broader EigenCloud ecosystem. To manage this dynamic system, the foundation plans to form a dedicated incentives committee. This committee’s crucial role will be to adjust token issuance parameters. Therefore, they can respond to network growth and changing conditions. Reward Contributors: Users who actively help secure AVS operations. Boost Ecosystem Growth: Participants who expand the utility and reach of EigenCloud. Dynamic Adjustments: A committee ensures the EIGEN token incentives remain effective and fair. What Are the Potential Benefits and Challenges? This revolutionary shift promises several key advantages. For the network, it enhances security by directly rewarding those who protect it. For token holders, it creates a clearer link between their actions and their rewards. This can lead to a more robust and valuable ecosystem overall. However, implementing such a change is not without its hurdles. Governance complexity increases when a committee has significant control. Furthermore, the community must trust this committee to make adjustments that benefit the entire network, not just select groups. Striking this balance will be critical for success. Why Should the Crypto Community Pay Attention? EigenLayer’s restaking model is already a major innovation in decentralized finance. This proposal to refine its EIGEN token incentives represents the next logical step. It shows a project maturing from launch phase to sustainable growth. Other projects in the space will likely watch the outcome closely. A successful implementation could set a new standard for aligning tokenomics with real-world utility and security. The focus on fee generation is particularly noteworthy, as it grounds the token’s value in actual economic activity. Conclusion: A Step Towards a More Sustainable Future The EigenLayer Foundation’s proposal marks a bold step forward. By overhauling the EIGEN token incentives, it aims to build a more resilient, active, and valuable network. The shift towards activity-based rewards could significantly deepen user engagement and strengthen the protocol’s foundational security. Ultimately, this move underscores a commitment to long-term health over short-term gains. The crypto community now awaits the governance vote, which will determine if this visionary plan becomes reality. Frequently Asked Questions (FAQs) Q1: What is the main goal of the new EIGEN token incentives proposal? A1: The main goal is to restructure rewards so they are based on network activity and fee generation, rather than a static model, to better incentivize security and ecosystem growth. Q2: Who will manage the new incentive system? A2: A new incentives committee will be formed to oversee and adjust the token issuance parameters based on network performance and needs. Q3: What are Actively Validated Services (AVS)? A3: AVS are middleware services (like oracles, bridges) built on EigenLayer that require economic security. The new incentives aim to reward users who help secure these services. Q4: How does this benefit an ordinary EIGEN token holder or staker? A4: It creates a clearer, more direct link between active participation (like securing AVS) and rewards, potentially leading to higher returns for those who contribute meaningfully to the network. Q5: When will this proposal be implemented? A5: It is currently a governance proposal. Implementation depends on the outcome of a community vote by EIGEN token holders. Q6: Could this change make the tokenomics more complex? A6: Yes, it introduces more dynamic variables. However, the intent is to create a fairer and more sustainable model that responds to real ecosystem use. Found this analysis of the evolving EIGEN token incentives helpful? Share this article with your network on Twitter or LinkedIn to spark a discussion about the future of restaking and sustainable crypto economics!
Eigen Foundation plans to launch a new incentive mechanism to reward AVS and EigenCloud contributors
Eigen Foundation has announced a governance proposal aimed at introducing new incentive measures for the EIGEN token, shifting the reward strategy to prioritize productive network activity and fee generation. According to the plan, a newly established Incentives Committee will manage token emissions, with priority allocation to participants who secure AVS and expand the EigenCloud ecosystem. The proposal includes a fee model that channels AVS rewards and EigenCloud service revenue back to EIGEN holders, potentially creating deflationary pressure as the ecosystem grows.
EigenLayer developers: The team developed the LittDB database and has open-sourced it.
EigenLayer developer nader dabit posted on X that the team has developed and officially open-sourced the LittDB database, which can bring a 1500-fold throughput improvement to EigenDA, while achieving millisecond-level writes, sub-millisecond reads, and smooth resource usage performance.
[English Long Read] Restaking Track Review: Truths, Misconceptions, and the Unfinished Journey
Chainfeeds Guide: After spending more than two years bringing all major AVSs onto EigenLayer and designing EigenCloud, this is my candid reflection on the entire journey: what misjudgments were made, what successes were achieved, and where we are headed next. Source: kydo Opinion: kydo: Launching EigenDA on top of the EigenLayer infrastructure was a huge positive surprise. It became the cornerstone of EigenCloud and gave Ethereum a much-needed super-scale DA track—allowing Rollups to advance rapidly without having to switch to a new L1 for performance reasons. The launch of MegaETH was because they believed Sreeram could help them break through the DA bottleneck. Mantle’s proposal to BitDAO to build an L2 was for the same reason. EigenDA also provides Ethereum with a layer of "shield." When there is a high-speed DA solution within the ecosystem, it becomes much harder for external L1s to leverage the Ethereum narrative to siphon value. One of EigenLayer’s early visions was to enable Ethereum to unlock preconfirmation. Later, preconfirmation received a lot of attention due to base rollup, but actual implementation remains difficult. To push the ecosystem forward, we jointly launched the Commit-Boost initiative, attempting to break the lock-in effect of preconfirmation clients and build a neutral platform where any team can innovate through validator commitment mechanisms. Today, the capital flow on Commit-Boost exceeds several billions of dollars, with over 35% of validators connected. As major preconf services go live in the coming months, this number will continue to rise. This is crucial to Ethereum’s anti-fragility and to the ongoing innovation in the preconf market. An underestimated impact of the restaking era is that a large amount of ETH flows to LRT providers, rather than pushing Lido all the way above 33%. This is significant for Ethereum’s social stability. If Lido were to stably occupy more than 33% for a long time without credible alternatives, governance conflicts and ecosystem splits would be severe. Restaking and LRT have not magically decentralized everything, but they have changed the trajectory of staking concentration. This is not meaningless. The biggest "victory" is conceptual. We have validated that the world indeed needs more verifiable systems. But the path is now very different from the original vision. Rather than starting from "broad cryptoeconomic security," insisting on complete decentralization from day one, and expecting everything to be routed from this layer, it’s better to directly provide developers with tools to apply verifiability and match each application with suitable verification primitives. You need to "meet" developers where they are, not require them to become protocol designers from the start. We began building internal modular services like EigenCompute and EigenAI to meet these real needs—things that other teams raise hundreds of millions of dollars and spend years to build, we can deliver in a few months. In the future, everything around EigenCloud will revolve around the EIGEN token. EIGEN will serve as: the core source of economic security; a collateral asset bearing multiple types of risk; and the main value capture for the entire platform’s fee flow and economic activity. Many early misunderstandings stemmed from the huge gap between "what users thought EIGEN would capture" and "what the actual mechanism can capture." The goal remains to enable more on-chain applications to safely use off-chain computation. But there won’t be only one tool—cryptoeconomic security, ZK, TEE, or hybrid technologies can all be used. The key is not to worship any particular technology, but to make "verifiability" a fundamental primitive that can be inserted into any application stack. The gap we want to bridge is from "I have an application" to "I have an application that can be verified by users, counterparties, and regulators." In reality, cryptoeconomic security + TEE is currently the strongest combination of programmability and practical security. When mechanisms like ZK mature, they will be integrated into EigenCloud. [Original text in English]
What’s going on with restaking?
In-depth Review of EigenLayer's Restaking Journey: The Pitfalls Encountered, the Achievements of EigenDA, All Paving the Way for the New Direction of EigenCloud. Written by: Kydo, Head of Narrative at EigenCloud Translated by: Saoirse, Foresight News From time to time, friends send me sarcastic tweets about restaking, but none of these jabs really hit the mark. So I decided to write a reflective “rant” myself. You might think I’m too close to the matter to be objective, or too proud to admit “we miscalculated.” You may feel that even if everyone has already concluded that “restaking failed,” I would still write a lengthy defense, never uttering the word “failure.” These views are reasonable, and many of them have some truth. But this article is only intended to objectively present the facts: what actually happened, what was accomplished, what wasn’t, and what lessons we learned. I hope the experiences shared here are universal enough to provide some reference for developers in other ecosystems. After integrating all major AVSs (Actively Validated Services) on EigenLayer and designing EigenCloud for over two years, I want to honestly review: where we went wrong, where we got it right, and where we’re heading next. What Exactly Is Restaking? The fact that I still need to explain “what restaking is” shows that, even when restaking was an industry focus, we failed to communicate it clearly. This is “Lesson Zero”—focus on a core narrative and repeat it consistently. The Eigen team’s goal has always been “easy to say, hard to do”: to make off-chain computation verifiable, so people can build applications on-chain more securely. AVS was our first and most clear-cut attempt at this. AVS (Actively Validated Services) is a proof-of-stake (PoS) network, where a group of decentralized operators execute off-chain tasks. These operators are monitored, and if they violate rules, their staked assets are slashed. To implement this “slashing mechanism,” there must be “staked capital” as backing. This is where the value of restaking lies: instead of each AVS building its own security system from scratch, restaking allows the reuse of already-staked ETH to provide security for multiple AVSs. This not only reduces capital costs but also accelerates ecosystem bootstrapping. So, the conceptual framework of restaking can be summarized as: AVS: the “service layer,” serving as the carrier for new PoS crypto-economic security systems; Restaking: the “capital layer,” providing security for these systems by reusing existing staked assets. I still think this idea is ingenious, but reality hasn’t been as ideal as the diagrams—many things didn’t turn out as expected. Things That Didn’t Meet Expectations 1. We Chose the Wrong Market: Too Niche We didn’t want “just any verifiable computation,” but insisted on systems that were “decentralized, slashing-based, and fully crypto-economically secure from day one.” We hoped AVS could become “infrastructure services”—just as developers can build SaaS (Software as a Service), anyone could build AVS. This positioning seemed principled, but it greatly narrowed the pool of potential developers. The result was a market that was “small in scale, slow in progress, and high in barriers”: few potential users, high implementation costs, and long cycles for both the team and developers. Whether it was EigenLayer’s infrastructure, developer tools, or each AVS on top, it took months or even years to build. Fast forward nearly three years: we currently have only two mainstream AVSs running in production—Infura’s DIN (Decentralized Infrastructure Network) and LayerZero’s EigenZero. Such “adoption” is far from “widespread.” To be honest, our original scenario was “teams wanting crypto-economic security and decentralized operators from day one,” but the real market demand was for “more gradual, application-centric” solutions. 2. Regulatory Environment Forced Us Into “Silence” When we started the project, it was at the peak of the “Gary Gensler era” (note: Gary Gensler is the chairman of the US SEC, known for his strict regulatory stance on crypto). At that time, several staking companies were under investigation and lawsuits. As a “restaking project,” almost every word we said in public could be interpreted as an “investment promise” or “yield advertisement,” and could even attract subpoenas. This regulatory fog dictated our communication style: we couldn’t speak freely, and even when faced with overwhelming negative coverage, partners shifting blame, or public attacks, we couldn’t clarify misunderstandings in real time. We couldn’t even casually say, “That’s not how it is”—because we had to weigh legal risks first. As a result, we launched locked tokens without sufficient communication. In hindsight, this was indeed risky. If you ever felt “the Eigen team was evasive or unusually silent on something,” it was likely due to this regulatory environment—even a single wrong tweet could bring significant risk. 3. Early AVSs Diluted Brand Value Eigen’s early brand influence was largely thanks to Sreeram (a core team member)—his energy, optimism, and belief that both systems and people can improve earned the team a lot of goodwill. And billions in staked capital further reinforced this trust. But our joint promotion of the first batch of AVSs didn’t match this “brand height.” Many early AVSs made a lot of noise but merely chased industry trends; they were neither the “most technically advanced” nor the “most trustworthy” AVS examples. Over time, people began to associate “EigenLayer” with “the latest liquidity mining and airdrops.” Much of the skepticism, fatigue, and even aversion we face today can be traced back to this stage. If I could do it over, I’d start with “fewer but higher-quality AVSs,” be more selective about partners who could receive brand endorsement, and accept a “slower, less hyped” promotional approach. 4. Over-Engineering for “Minimal Trust” Led to Redundant Design We tried to build a “perfect universal slashing system”—it had to be general, flexible, and cover all slashing scenarios to achieve “minimal trust.” But in practice, this slowed our product iteration and required us to spend a lot of time explaining a mechanism “most people weren’t ready to understand.” Even now, we still have to repeatedly explain the slashing system launched nearly a year ago. In hindsight, a more reasonable path would have been to launch a simple slashing scheme first, let different AVSs try more focused models, and then gradually increase system complexity. But we put “complex design” first, ultimately paying the price in “speed” and “clarity.” What We Actually Achieved People love to label things as “failures” outright, but this approach is too hasty. In the “restaking” chapter, many things were actually done very well, and these achievements are crucial for our future direction. 1. We Proved We Can Win Hard Fights in a Fierce Market We prefer “win-win,” but we’re never afraid of competition—if we choose to enter a market, we must lead. In the restaking field, Paradigm and Lido once jointly supported our direct competitor. At that time, EigenLayer’s TVL was less than 1 billion. The competitor had narrative advantages, channel resources, capital support, and “default trust.” Many told me, “Their combination will execute better and crush you.” But reality proved otherwise—today, we hold 95% of the restaking capital market share and have attracted 100% of top-tier developers. In the “data availability (DA)” field, we started later, with a smaller team and less funding, while industry pioneers already had a head start and strong marketing. But now, by any key metric, EigenDA (Eigen’s data availability solution) holds a large share of the DA market; as our biggest partners go fully live, this share will grow exponentially. Both markets were fiercely competitive, but we ultimately stood out. 2. EigenDA Became a Mature Product That “Changed the Ecosystem” Launching EigenDA on top of EigenLayer infrastructure was a huge surprise. It became the cornerstone of EigenCloud and brought something urgently needed to Ethereum—a massive DA channel. With it, rollups can run at high speed without leaving the Ethereum ecosystem for “speed” or turning to other new blockchains. MegaETH launched because the team believed Sreeram could help them break through the DA bottleneck; when Mantle first proposed building L2 to BitDAO, it was for the same reason. EigenDA also became Ethereum’s “defensive shield”: with a high-throughput native DA solution inside the Ethereum ecosystem, external blockchains find it harder to “attract attention with Ethereum narratives while siphoning off ecosystem value.” 3. Promoted the Development of the Pre-Confirmation Market One of EigenLayer’s early core topics was how to unlock Ethereum’s pre-confirmation functionality through EigenLayer. Since then, pre-confirmation has gained a lot of attention via the Base network, but implementation still faces challenges. To promote ecosystem development, we also jointly launched the Commit-Boost program—aimed at solving the “lock-in effect” of pre-confirmation clients, building a neutral platform where anyone can innovate through validator commitments. Now, billions of dollars have flowed through Commit-Boost, and over 35% of validators have joined the program. As mainstream pre-confirmation services go live in the coming months, this proportion will increase further. This is crucial for the “anti-fragility” of the Ethereum ecosystem and lays the foundation for continued innovation in the pre-confirmation market. 4. Always Ensured Asset Security For years, we have safeguarded tens of billions of dollars in assets. This may sound bland, even “boring”—but just consider how many crypto infrastructure projects have “collapsed” in various ways, and you’ll realize how rare this “blandness” is. To avoid risks, we built a solid operational security system, recruited and trained a world-class security team, and embedded “adversarial thinking” into our team culture. This culture is vital for any business involving user funds, AI, or real-world systems, and “can’t be patched later”—the foundation must be laid from the start. 5. Prevented Lido from Holding Over 33% Staking Share Long-Term The restaking era had an underestimated impact: a large amount of ETH flowed to LRT providers, preventing Lido’s staking share from staying well above 33% for a long time. This is significant for Ethereum’s “social balance.” If Lido had held over 33% staking share long-term without reliable alternatives, it would have sparked major governance disputes and internal conflicts. Restaking and LRT didn’t “magically achieve full decentralization,” but they did change the trend of staking concentration—this is by no means a trivial achievement. 6. Clarified Where the “True Frontier” Lies The biggest “gain” is actually conceptual: we validated the core thesis that “the world needs more verifiable systems,” but also realized the “path to realization”—the previous direction was off track. The right path is not “starting from general crypto-economic security, insisting on building a fully decentralized operator system from day one, and waiting for all businesses to plug into this layer.” The real way to accelerate the “frontier” is to provide developers with direct tools so they can achieve verifiability for their specific applications, and match these tools with suitable verification primitives. We need to “proactively meet developers’ needs,” not require them to become “protocol designers” from day one. To this end, we have started building internal modular services—EigenCompute (verifiable compute service) and EigenAI (verifiable AI service). Some features that would take other teams hundreds of millions of dollars and years to achieve, we can launch in a few months. The Road Ahead So, faced with these experiences—timing, successes, failures, and brand “scars”—how should we respond? Here’s a brief overview of our next steps and the logic behind them: 1. Make the EIGEN Token the Core of the System In the future, the entire EigenCloud and all products we build around it will be centered on the EIGEN token. The EIGEN token will serve as: The core economic security driver of EigenCloud; The asset backing all types of risks undertaken by the platform; The core value capture tool for all fee flows and economic activities on the platform. Early on, many people’s expectations for “what value the EIGEN token can capture” differed from the “actual mechanism”—this caused confusion. In the next stage, we will bridge this gap through concrete designs and implemented systems. More details will be announced later. 2. Enable Developers to Build “Verifiable Applications,” Not Just AVSs Our core thesis remains unchanged: by improving the verifiability of off-chain computation, people can build applications on-chain more securely. But the tools to achieve “verifiability” will no longer be limited to just one. Sometimes, it may be crypto-economic security; sometimes, it may be ZK proofs, TEE (Trusted Execution Environment), or hybrid solutions. The key is not to “favor a particular technology,” but to make “verifiability” a standard primitive that developers can directly integrate into their tech stack. Our goal is to narrow the gap between “two states”: From “I have an application” to “I have an application that users, partners, or regulators can all verify.” Given the current state of the industry, “crypto-economics + TEE” is undoubtedly the best choice—it achieves the optimal balance between “developer programmability” (what developers can build) and “security” (not theoretical, but practical and deployable security). In the future, when ZK proofs and other verification mechanisms are mature enough to meet developer needs, we will also integrate them into EigenCloud. 3. Deeply Invest in the AI Field The biggest transformation in global computing today is AI—especially AI Agents. The crypto industry cannot stay out of this. AI Agents are essentially “language models wrapped around tools, performing actions in specific environments.” Currently, not only are language models “black boxes,” but the operational logic of AI Agents is also opaque—which is why there have already been hacking incidents caused by the need to “trust the developer.” But if AI Agents are “verifiable,” people no longer need to rely on trust in the developer. To achieve verifiability for AI Agents, three conditions must be met: the inference process of LLMs (large language models) is verifiable, the compute environment executing actions is verifiable, and the data layer for storing, retrieving, and understanding context is verifiable. And EigenCloud is designed for such scenarios: EigenAI: provides deterministic, verifiable LLM inference services; EigenCompute: provides a verifiable execution environment; EigenDA: provides verifiable data storage and retrieval services. We believe “verifiable AI Agents” will be one of the most competitive application scenarios for our “verifiable cloud services”—so we have formed a dedicated team to focus on this area. 4. Reshape the Narrative Logic of “Staking and Yield” To earn real yield, you must take real risk. We are exploring broader “staking application scenarios,” so that staked capital can support the following risks: Smart contract risk; Risks of different types of computation; Risks that can be clearly described and quantitatively priced. Future yields will truly reflect “transparent, understandable risks undertaken,” rather than simply chasing “the current popular liquidity mining model.” This logic will naturally be integrated into the EIGEN token’s use cases, endorsement scope, and value flow mechanisms. Final Words Restaking didn’t become the “universal layer” I (and others) once hoped for, but it hasn’t disappeared either. Over its long development, it became what most “first-generation products” become: An important chapter, a pile of hard-won lessons, and now the infrastructure supporting broader business. We still maintain restaking-related business and still value it—we just don’t want to be limited by the original narrative anymore. If you are a community member, AVS developer, or an investor who still associates Eigen with “that restaking project,” I hope this article gives you a clearer understanding of “what happened in the past” and “where we are headed now.” Now, we are entering a field with a “much larger total addressable market (TAM)”: on one side is cloud services, on the other is direct developer-facing application layer demand. We are also exploring the “still underdeveloped AI track” and will continue to push these directions with our usual high execution. The team is still full of drive, and I can’t wait to prove to all doubters—we can do it. I have never been more optimistic about Eigen, and I have been increasing my EIGEN token holdings—and will continue to do so in the future. We are still at the beginning.
Major Token Unlocks Set for Ethena and EigenLayer
Key Points: Scheduled token unlocks by Ethena and EigenLayer. $72 million tokens set for release. Potential short-term market volatility due to unlocks. Major Token Unlocks for Ethena and EigenLayer Ethena and EigenLayer are set for major token unlocks between December 1-8, 2025, releasing millions in tokens and potentially impacting market supply. The unlock events could lead to temporary price volatility and influence market dynamics, given their significant supply increase and scheduled releases. Major Token Unlocks for Ethena and EigenLayer Ethena and EigenLayer have scheduled major token unlocks between December 1-8, 2025. These unlocks involve significant amounts, led by pre-announced vesting plans from both projects. Ethena plans to unlock $52.6 million worth of ENA tokens, increasing circulating supply by 3.04%. EigenLayer will release $19.5 million in EIGEN tokens, impacting the supply by 10.79%, potentially influencing market dynamics. Read more about the unlocks These token unlocks are expected to create temporary price volatility due to increased supply. Institutional involvement remains significant, driven by Ethena’s synthetic dollar growth and EigenLayer’s demand for restaking services. The financial implications could result in short-term dips, balancing potential entry points for investors, given the historical trend of recovery post-unlocks. According to market analysts , “Historically, significant token unlocks lead to temporary price dips, followed by recovery periods, creating potential entry opportunities for long-term investors.” These events conform to structured liquidity plans aligning with community transparency. The impact of these unlocks is observed in broader crypto markets, potentially affecting DeFi and Layer 1 tokens. Prior unlocks of this scale have prompted similar market reactions, with increased trading volumes across exchanges. More insights here Experts highlight the significance of these unlocks, emphasizing that structured releases align with long-term growth strategies. Continuing interest in these projects suggests robustness in core fundamentals despite short-term fluctuations expected with token injections.
Firelight launches XRP staking protocol on Flare, with stXRP planned to earn rewards through DeFi insurance
Firelight Finance has launched an XRP staking protocol on the Flare network, introducing a liquid token called stXRP that aims to earn rewards through a DeFi insurance model. The launch represents Phase 1 of the rollout. Users can bridge XRP to Flare through the FAssets system, deposit FXRP (Flare’s wrapped version of XRP) into Firelight, and receive stXRP on a 1:1 basis. stXRP can already move across the Flare ecosystem, but staking rewards are not active yet. Firelight expects rewards to begin in Phase 2 — planned for early 2026 — if DeFi protocols adopt the insurance model and pay fees for coverage. Firelight’s design borrows the idea behind restaking — reusing crypto assets to secure applications — but applies it differently from early Ethereum-based attempts such as EigenLayer. Firelight’s chief security officer, Connor Sullivan, formerly at Fireblocks, told The Block the main issue with earlier restaking frameworks was the cost of capital. “Firelight keeps the key concept [of restaking], that you can reuse capital to bootstrap security, but changes how it’s applied,” Sullivan said. “We focus on assets with a structurally lower cost of capital, like XRP, instead of trying to outcompete ETH DeFi yields. We narrow in on a single, high-conviction use case: DeFi cover and insurance for top-tier protocols, where proper risk modeling actually matters. And we rethink incentives: short, transparent points programs tied to real participation and real economic value.” Firelight's stXRP functions as a liquid receipt for users’ deposits and can already be used across the Flare ecosystem, including on decentralized exchanges, in lending protocols, and liquidity pools. Participants in the initial vault will also receive Firelight Points, intended to reward early protocol participation ahead of the Phase 2 launch. Firelight said its broader goal is to give XRP holders a way to earn staking rewards while offering DeFi protocols an insurance layer against hacks and failures. But Sullivan agreed that the model only works if protocols actually choose to purchase this cover — which he said is where Sentora, Firelight’s incubator and main technical contributor, plays a key role. stXRP for DeFi insurance? Firelight is incubated by Sentora — formed through the merger of IntoTheBlock and Trident Digital — and the Flare network, which provides the underlying infrastructure. Both are backed by Ripple and aim to build out XRP’s role in DeFi . Sullivan said Sentora has long worked with major DeFi protocols through risk-management strategies and liquidity programs, supporting billions of dollars in total value locked. “Our clients are institutions looking to earn yield through DeFi, and one of the biggest hurdles they face is the absence of this specific cover primitive,” Sullivan said. "DeFi cover is an essential feature, not a nice-to-have." Sullivan said Firelight is in active discussions with several DeFi protocols about integrating the cover system. If protocols adopt it, they will pay fees to purchase protection backed by the pooled FXRP inside Firelight. A portion of those fees would then be distributed to XRP stakers as rewards. Although Firelight is built on Flare, the system is chain-agnostic. "Any protocol on any chain can integrate with Firelight and purchase cover, not just those on XRPL or Flare," Sullivan said. If a covered incident occurs, a claim would be submitted by an appointed agent and reviewed by an independent consortium. If approved, payouts are executed automatically through onchain contracts. Sullivan said Firelight is currently focused on building liquidity for the cover module, with full cover functionality set to go live in Phase 2. He declined to share a target range for rewards but said the goal is to find a “fair balance” between staker returns and the cost of capital for protocols buying cover.
Nothing Has Changed Except the Bullish Momentum: Top 5 Altcoins Worth Taking a Shot On
Each asset shows improving structure as broader bullish conditions develop across major crypto markets. Investors monitor resistance reactions as renewed momentum creates stronger medium-term setups. On-chain trends suggest continued accumulation across several networks despite recent volatility. A steady shift in market sentiment has placed several altcoins back into focus as bullish pressure strengthens across key sectors. Reporting from multiple analytics desks shows rising activity in Litecoin, XRP, EIGEN, ARB, and STBL as traders evaluate renewed momentum after weeks of uneven performance. Analysts describe the current environment as remarkable due to consistent accumulation patterns, reduced selling aggression, and clearer structure across several networks. Market desks note that the momentum is not driven by sudden speculation but by improved consistency in trend confirmation. The reported data indicates that participants are re-examining mid-cap assets because the broader market has stabilized despite recent volatility. The five assets listed show unique structural behavior, but all share a similar return of confidence that many observers consider exceptional given recent conditions. Litecoin Shows Superior Consistency During Shifting Market Conditions Litecoin has displayed a superior trend pattern during the recent recovery phase. Analysts highlight stable transaction flow and steady hash rate behavior. The asset remains noted for clarity during periods of uncertainty. Current reports show improved sentiment as traders evaluate renewed structure. XRP Tracks Unmatched Range Stability as Convergence Tightens XRP remains within an unmatched consolidation zone as convergence patterns tighten. Recent data shows consistent liquidity flow despite earlier volatility. Market research groups report that the asset continues to react well to resistance retests. The structure forms a stronger medium-term setup. EIGEN Displays Groundbreaking Activity Across Its Expanding Network EIGEN has registered groundbreaking on-chain signals that point to steady demand. Analysts describe the recent movement as phenomenal due to increased usage statistics. Reports show stronger interactions across core functions, indicating stable ecosystem growth. Traders monitor the next phase. ARB Records Innovative Shifts as Layer-Two Metrics Improve ARB continues to show innovative performance within the layer-two sector. Network activity remains strong despite earlier drawdowns. Reporting desks highlight increased throughput and stable user participation. These data points build a clearer outlook for the asset. STBL Observes Remarkable Stability as Demand Rebalancing Continues STBL reports have highlighted remarkable behavior during recent cycles. The asset maintains tight trading behavior and consistent supply reactions. Analysts consider this stability important as conditions shift. Market observers watch for new demand triggers.
Here’s Why Ethereum Emerges As The Global Capital Rails For On-Chain Finance
In the rapidly evolving landscape of digital finance, Ethereum is quickly establishing itself as the primary infrastructure for global on-chain capital markets. From tokenized bonds and money market funds to institutional liquidity rails, the world’s capital is beginning to migrate to an ecosystem where transactions are programmable, auditable, and borderless. Why Is Ethereum Chosen As The Default Choice For Global Rails The global capital markets are moving on-chain to Ethereum because it is credibly neutral. ETH has never experienced downtime, and it possesses the economic security necessary to support the world’s financial system. Investor and founder of GM42NFT, Captain GM, has stated that ETH is not fast enough to support trading because it wasn’t built for it. However, the attempts to build a genuinely fast on-chain trading environment have consistently led teams to centralize significant parts of the trading system. This move creates security, reliability, and neutrality concerns for a system designed to be global. These compromises are in direct conflict with the very benefits that ETH provides, and make it the chosen blockchain for global finance. This is where Raya Network steps in to solve these issues at the core. Raya is delivering a decentralized exchange (DEX) with institutional-grade execution speed and Ethereum-level security. It’s a platform that is as fast as TradFi and remains simultaneously secure, reliable, and credibly neutral as exactly DeFi should be. “Fast is easy, decentralized is hard, and it’s only Reya that does both,” Captain GM noted. Analyst Alucard mentioned that the Raya network has become one of the few projects that genuinely solves the speed and security problem. The sub-millisecond execution speeds, trades are fully verified on ETH, and there’s no dependence on a single sequencer. This is an engineered combination designed for real progress in the space. However, over 45% of the token supply is allocated to the community. Reya, combined with the ETH buyback mechanism, creates an ecosystem that’s aligned both technically and economically. They’re building something fast and secure, and because of that, Reya sits in a different category. Why Reya’s Design Feels More Like A New Standard Than Another DEX A trader and ambassador of Somnia, Onur, has also explained that his experience with Reya feels like a full redesign of on-chain execution rather than a small improvement. It offers sub-millisecond fills, unified margin, Ethereum security with ZK settlement, and smooth flow through EigenDA. According to Onur, the peer-to-pool model keeps trades consistent, efficient, and free from bottlenecks or hidden edges. As a result of this approach, Reya isn’t just another venue anymore, and it’s actively becoming the new execution standard for DeFi. Featured image from Peakpx, chart from Tradingview.com
What is EigenLayer's awkward concept of intersubjective forking?
Author: Ebunker Co-founder 0xTodd This article is reprinted with permission A fact can generally be divided into three categories: Objective facts Subjective facts And “intersubjective” facts, which are somewhere in between. For example: 1. Objective fact: for instance, 1+1=2; 2. Subjective fact: for example, someone thinks @0x_todd is handsome; 3. Intersubjective fact, which is a bit abstract, comes from “social consensus,” such as: ChatGPT is one of the leading AIs today. Intersubjective facts are not as set in stone as objective facts, nor as arbitrary as subjective facts. They exist between subjects—in plain language, they are the consensus of the masses, even if they may not be the truth. If we look at Crypto, here are a few more examples: 1. Objective fact: for example, if EVM executes a piece of code and performs a certain function, it will definitely output a certain result. 2. Subjective fact: for example, a tweet where I think @eigenlayer allocated too little to early holders; 3. Intersubjective fact, also from “social consensus,” such as: bitcoin is the leader of crypto; or a certain node acted maliciously because it concealed some data. Now, everyone knows what Re-staking is: Using ETH as collateral to perform some validation work; 1. If validation is successful, you earn a commission; 2. If you mess up, your collateral is deducted. But how do you determine whether you actually messed up or succeeded? Who deducts the collateral? This is a tough problem. Verifying “objective facts” is fine, as there are very clear standards. For example, whether a smart contract executed successfully—this is easy to handle. Using $ETH as collateral for verifying objective facts is not a problem. But verifying “intersubjective facts” is troublesome, as the standards are not so clear. Would you still dare to use $ETH as collateral in this case? Definitely not. Therefore, Eigenlayer believes that for any validation involving intersubjective facts, ETH should no longer be used for re-staking, but instead the $Eigen token should be used. This still doesn’t solve our previous problem. How do you determine whether you actually messed up or succeeded? 1. Rely on majority voting? That could lead to “tyranny of the majority,” where large holders could team up to wipe out small holders. 2. Rely on a committee decision? Then why are we in crypto at all? So, Eigen token staking plans to use a third approach: 3. Rely on forks. If there is a huge disagreement over an “intersubjective fact,” the last resort is to fork. If you (and those on your side) believe everyone else is wrong, even if you don’t currently hold the majority, you can directly fork the token and confiscate the others’ tokens. Note, this is the ultimate trump card. So what exactly is a huge disagreement over an “intersubjective fact”? For example, back in the day, Trump lost his re-election by a small margin of votes, and Biden became the 46th President of the United States. However, in a brief window, Trump claimed that Biden “stole” his votes and that he was the real legitimate 46th President. Before this matter was settled, there were certainly many people who firmly believed Trump was the real 46th president, and they had no subjective intent to do evil, and neither side’s supporters could convince the other. Eigenlayer believes that the best solution to this kind of problem is to mutually fork tokens and let time test everything, because eventually one side will gradually lose legitimacy and approach zero. So: 1. In the eyes of Trump supporters (i.e., the Trump version of EIGEN), all Biden supporters’ collateral should be confiscated; 2. From the perspective of Biden supporters (i.e., the Biden version of EIGEN), all Trump supporters’ collateral should be confiscated. We all know the final result: Trump is not the 46th president in the public eye, the Trump version of EIGEN eventually goes to zero, so confiscating Biden supporters’ tokens doesn’t matter—they’re all worth 0 anyway. Conversely, Biden is the 46th president in the public eye, the Biden version of EIGEN becomes the official EIGEN, and Trump supporters whose tokens were previously confiscated have paid the price. This is the problem that intersubjective forking aims to solve. Therefore, these must use the EIGEN token, not ETH. ETH forks are too difficult, and it’s not good for ETH security. Of course, there’s also the self-interest of locking up their own token as much as possible. There’s another small detail: EIGEN uses a dual-token model. One is a standard ERC-20 token, which cannot be forked and can be used on exchanges or DeFi. The other is the token truly used for determining facts, which can theoretically be forked infinitely if there is a huge disagreement. These two tokens are isolated from each other but have a certain mapping relationship. If you’re interested, you can check the whitepaper; I won’t elaborate here. To summarize, Eigenlayer abstracts a new type of fact (intersubjective), which cannot be solved by previous solutions (ETH Restaking), so it proposes a new solution (staking and slashing based on the EIGEN token), i.e., issuing a new work token $EIGEN. Ebunker, a long-term Ethereum supporter, closely follows Ethereum’s technological development, proposal upgrades, and community changes, sharing research and views on key Ethereum sectors such as Staking, L2, and DeFi. Currently, Ebunker includes Ebunker Pool (a non-custodial Ethereum staking pool) and Ebunker Venture (Ethereum maximization venture capital), among other businesses.
Magic Labs, Embedded Wallet Provider for Polymarket & Naver, Integrates Newton Protocol for Onchain Compliance
Announcement highlights PayPal Ventures-backed Magic Labs’ move to make compliance plug-and-play and affordable for 200,000 developers and to bring institutional-grade safeguards to 50 million wallets through the integration of Newton Protocol’s onchain policy engine. Magic Labs, the core developer behind the Newton Protocol, will integrate and make available the Newton SDK to its network of more than 200,000 developers and 50 million wallets, bringing programmable compliance directly into the transaction layer of Magic-powered applications. The integration marks the largest deployment to date of programmable compliance infrastructure across a live developer network, enabling builders to design applications with verifiable policy enforcement and automated risk management built in. “Magic secures the account. Newton Protocol secures the transaction,” said Jaemin Jin, Co-Founder and President of Magic Labs. “By integrating Newton Protocol’s programmable policy layer into wallets, we’re giving developers a compliance-ready framework that extends Magic’s trust model from onboarding to execution.” Magic Labs, the only wallet provider certified under SOC 2 Type 2, ISO 27001:2022, and HIPAA, will extend its security framework beyond onboarding and authentication to include policy enforcement at the transaction layer. With Newton Protocol, developers can automate compliance checks – such as KYC, AML, sanctions screening, or asset restrictions – without maintaining their own in-house risk or legal infrastructure. “By bringing Newton Protocol to Magic developers, we’re making compliance a native part of the onchain development experience for hundreds of thousands of builders,” added Mohammad Akhavannik, Managing Director of the Magic Newton Foundation. “This is a major step toward verifiable, compliant automation at scale while blockchain adoption continues to accelerate.” From Polymarket to Programmable Policy The announcement builds on the success of Magic Labs wallet infrastructure being used by Polymarket, the world’s largest prediction market, which processes billions in onchain volume. During the 2024 U.S. election night, Polymarket handled over $3 billion in transactions with zero downtime and sub-second response times, powered by Magic’s embedded wallets. To date, Magic Labs has supported over $8.9 billion in transaction volume for Polymarket alone. Leveraging Newton Protocol, Magic Labs jointly developed a step-up 2FA policy framework for Polymarket that adds an extra layer of verification for high-risk actions as defined by Polymarket, dynamically enforcing withdrawal and transaction rules through Newton Protocol’s verifiable, privacy-preserving policy ledger. This collaboration with Polymarket proves the effectiveness of programmable, onchain compliance for real-world applications. A New Standard for Onchain Compliance Unlike traditional compliance systems hardcoded into smart contracts or confined to centralized rule engines, Newton Protocol provides a universal policy layer that works across chains and is compatible with the openness of DeFi. Developers can define policy rules using offchain oracle data, such as proof-of-reserves, sanctions lists, or identity checks, that update as regulations change to produce verifiable onchain proofs of compliance. Each policy evaluation generates a cryptographic attestation on Newton Explorer, with enforcement executed by a decentralized operator network secured through EigenLayer restaking. For developers without dedicated compliance teams, Newton Protocol connects seamlessly to third-party data providers, from identity verification to wallet risk scoring, to help enforce global regulatory expectations such as OFAC, KYC/AML/CFT, SEC, and MiCA standards. About Magic Labs Magic Labs is the lead developer for Newton Protocol. In addition to protocol development, Magic offers secure, compliant and flexible TEE-based API wallets. Since 2018, Magic has brought over 50M wallets onchain and is trusted by 200K+ developers and leading brands like Forbes, Helium, Polymarket, WalletConnect, and Naver. Magic Labs has raised approximately $90 million from investors including PayPal Ventures, Placeholder, DCG, Volt Capital, Polygon, Balaji Srinivasan and others. About Newton Protocol Newton Protocol, secured by NEWT, is the first policy protocol designed to govern the new era of assets such as stablecoins, RWAs and AI, which require more compliance and composability than smart contracts allow. Newton Protocol establishes a secure framework to bring the $250T global investable asset market onchain, plus hundreds of trillions in RWAs, by creating policies for both offchain and onchain data. Magic Newton Foundation oversees the research, development and community initiatives of the Newton Protocol. The Foundation’s mission is to bring programmable trust and compliance to the next generation of blockchain, AI and financial systems through open-source infrastructure and transparent governance. For a deeper dive into Newton Protocol, read the latest litepaper.
Infura launches DIN AVS to bring decentralized RPC and API marketplace to EigenLayer
Foresight News reported, according to The Block, that the decentralized infrastructure network (DIN) developed by the Infura team under Consensys is launching its Autonomous Verifiable Service (AVS) mainnet on EigenLayer. The goal is to bring economic security and decentralization to a sector long dominated by a few centralized Remote Procedure Call (RPC) providers. This move aims to address the concentration issue in RPC infrastructure, as currently about 70% to 80% of traffic is routed through a handful of centralized providers. EigenLayer allows users to restake ETH, including through liquid staking tokens such as stETH, to secure third-party applications known as AVS. DIN's AVS is one of the first large-scale applications of EigenLayer's modular restaking model, with the network structure designed to scale through the participation of hundreds of operators and future on-chain incentive mechanisms.
Only four protocols in the DeFi space have a TVL exceeding $10 billion.
according to DeFiLlama data, as of now, there are only 4 protocols in the entire DeFi ecosystem with a TVL (Total Value Locked) exceeding 10 billion USD, namely: Aave (approximately 31.059 billion USD) Lido (approximately 26.481 billion USD) EigenLayer (approximately 12.656 billion USD) Binance staked ETH (BETH) (approximately 10.848 billion USD) With the market correction, most protocols have experienced varying degrees of TVL decline, causing the "10 billion TVL club" members to further shrink.
CoinFello: The First Self-Sovereign AI Agent for Using and Automating Any Smart Contract
November 17th, 2025 – Fort Worth, Texas, USA HyperPlay Labs Inc., a leader in crypto, software distribution, and wallet innovation, will this week announce the launch of CoinFello at DevConnect in Buenos Aires, Argentina. CoinFello is the world’s first AI agentic app for using and automating any smart contract protocol. CoinFello provides users with a simple chat interface that can understand on-chain context, execute user intents, and automate smart contract interactions, all in plain language. CoinFello combines the user’s wallet with a user agent that anticipates user needs to make crypto easy, fun, and safe, making way for mainstream users to onboard into DeFi. Built on both EigenCloud and the MetaMask Smart Accounts Kit, developed by Consensys , CoinFello ensures that users remain in full custody of their funds while interacting with CoinFello’s advanced AI LLM. CoinFello receives a delegation from the user’s existing MetaMask wallet (or can create a new MetaMask wallet directly within the CoinFello app). CoinFello enables MetaMask users to leverage an intuitive, intent-based system, solving many of the greatest user experience problems preventing the mainstream adoption of crypto, such as discovery of DeFi protocols that best meet a user’s needs, abstracting away the complexities of dealing with gas, explaining what smart contracts do in plain language, and automating cross-chain transactions. For example, CoinFello users can prevent liquidations by asking their assistant to automatically reallocate funds in case of black swan events, such as those seen in October 2025, where $1.7B+ worth of liquidations happened on Ethereum and EVM-compatible networks alone. “Self-sovereign AI solves many of the fundamental user experience problems for interacting with dApps and DeFi protocols,” said jacobc.eth, Founder and CEO of CoinFello and previous Lead of Operations at MetaMask. “CoinFello represents the first time that self-custodial DeFi can be truly accessible to mainstream audiences. We’ve created a user agent that can protect user funds, solve protocol discoverability, and simplify UX. We’re aiming to minimize risks while maximizing accessibility.”Also describing the partnership, Sreeram Kannan, Founder of EigenCloud and CEO of Eigen Labs, said, “We are excited to partner with the CoinFello team to deliver verifiable, deterministic, and self-sovereign AI for crypto users. This partnership ensures that users have AI agents they fully control, using the model the user signed up for, and with reliable and repeatable outputs that protect users against non-attributable manipulation in agents.” At every layer of the crypto experience, CoinFello works to make things easier. CoinFello users can complete complex transactions without ever navigating to a website-based dapp. Instead, users tell their agent what they’d like to execute, and the agent interfaces with the relevant smart contracts directly on the user’s behalf. CoinFello presents users with the smart contract interaction (or automation) for approval ahead of executing it. CoinFello is the first solution that is both fully self-sovereign and supports any smart contract interaction on any EVM chain. With a context-aware conversational AI interface, users can simply say, “Sell my meme coins to buy more ETH,” or “use the liquidity in my wallet to ensure my loan positions are not liquidated during market fluctuations,” and the application handles the rest, presenting the user with an overview of the action to be taken first. CoinFello abstracts away complexities like gas fees, chain selection, token swapping, and bridging, making smart contract interactions simple. “We’re excited to be working with the CoinFello team as they bring agentic experiences to life with the MetaMask Smart Accounts Kit.” said Ryan McPeck Product Lead at Consensys for the MetaMask Smart Accounts Kit . “Together we imagine a future where AI agents can act safely on behalf of users through fine-grained and transitive permissions, empowering people to express exactly what they want to see happen on-chain.” CoinFello is available now in a private alpha testing cohort, with a public release slated for Q1 2026. For more information and to join the waitlist, users can visit . About HyperPlay Labs HyperPlay Labs is the creator of both CoinFello and HyperPlay . HyperPlay is the leading web3 gaming infrastructure solution, providing wallet interoperability, questing, and censorship-resistant game distribution. HyperPlay Labs team members are veterans of crypto, AI, and gaming. HyperPlay originates from within MetaMask and was founded to solve the largest UX problems around onboarding mainstream audiences into the decentralized web. About EigenCloud EigenCloud is the world’s first verifiable cloud, enabling developers to build applications, AI products, and AI agents that are provably trustworthy. Built on top of the EigenLayer restaking protocol, EigenCloud extends Ethereum’s security across the digital and even physical world, allowing developers to verify any input, event, or computation using cryptoeconomic guarantees. With primitives like EigenAI for verifiable inference, EigenCompute for secure offchain execution, and EigenDA for high-throughput data availability, EigenCloud introduces verifiability-as-a-service to launch a new era of cloud computing. Its services are backed by over $14B in staked assets, with more than 190 Autonomous Verifiable Services (AVSs) in development and 40+ live on mainnet. For more information, users can visit . About Consensys Consensys is the leading Ethereum software company, building the infrastructure, tools, and protocols that power the world’s largest decentralized ecosystem. Founded in 2014 by Ethereum co-founder Joseph Lubin , Consensys has played a foundational role in Ethereum’s growth, from pioneering products like MetaMask, Linea, and Infura to shaping protocol development and staking infrastructure. Today, Consensys continues to lead Ethereum’s evolution through strategic R&D and direct contributions to network upgrades like the Merge and Pectra. With a global product suite and deep roots across the ecosystem, Consensys is uniquely positioned to accelerate Ethereum’s role as the trust layer for a new global economy, one that is decentralized, programmable, and open to all. To learn more, users can visit . Contact CoinFello
Infura launches DIN AVS to bring decentralized RPC and API marketplace to EigenLayer
Decentralized Infrastructure Network (DIN), built by the team behind Infura at Consensys, is launching an Autonomous Verifiable Service (AVS) mainnet on EigenLayer, designed to bring economic security and decentralization to a segment long dominated by a handful of centralized remote procedure call (RPC) providers. The move aims to tackle concentrated RPC infrastructure — the method that wallets, dapps, and platforms use to talk to a blockchain node — which currently funnels 70% to 80% of traffic through a few centralized providers, Infura said in a statement shared with The Block. EigenLayer enables users to re-stake ETH, including through liquid staking tokens like stETH, to secure third-party applications called AVSs. DIN's AVS represents one of the first large-scale applications of EigenLayer's modular restaking model, with the network structured to scale through participation from hundreds of operators and future onchain incentive mechanisms, according to the team. "We set out to build a protocol that would finally align incentives across the infrastructure layer of Web3. With EigenLayer, we were able to deliver on that vision by building on a proven restaking standard backed by the strongest asset in crypto: restaked ETH," E.G. Galano, co-founder of Infura, an RPC provider developed by Consensys, said. "DIN's Eigen AVS turns infrastructure into an open marketplace, where reliability and performance are directly rewarded." DIN, already integrated into MetaMask, Ethereum Layer 2 Linea, and Infura, routes more than 13 billion monthly requests across Ethereum, multiple Layer 2s, and over 20 alternative Layer 1 networks, according to the team. Under the AVS model, node providers earn rewards for uptime and accurate data, and can be slashed over time for downtime or incorrect responses. "DIN launching on EigenLayer is a major step for crypto infrastructure, because it brings real economic consequences to a part of the stack that's been too easy to overlook," Eigen Labs founder and CEO Sreeram Kannan said. "For years, developers relied on a few centralized RPC providers and had to hope they wouldn't fail." RPC centralization risk The Infura team argues that reliance on centralized RPC providers poses systemic risk, as outages can cascade across wallets, dapps, bridges, and DeFi protocols. DIN aims to mitigate this through a decentralized supply of RPC nodes validated by independent watchers and secured by stETH restaking, with ETH and EIGEN support to follow. Key features include permissionless onboarding for RPC node providers, watchers, and restakers, independent performance verification, and an architecture that lets restakers choose which networks to secure. Infura claimed incentivized testnets recorded a greater than 99% success rate and median latency of under 250ms while serving over 7 billion monthly requests during pilot phases. Founding node operators, including EverStake, Liquify, NodeFleet, Validation Cloud, and CompareNodes, are already contributing to the AVS mainnet. The DIN team said it has also completed two independent audits, and additional partners supporting the rollout include 0xFury, AltLayer, BlockPi, Chainstack, Compare Nodes, InfStones, Nodies, Northwest Nodes, Rivet, and Simply Staking. Last month, Axios reported that Consensys had engaged JPMorgan and Goldman Sachs to assist it with an initial public offering in the U.S., following in the footsteps of other crypto-related firms like Circle, Gemini, and Bullish.
Infura’s Decentralized Network Handles 13 Billion Requests
Key Points: DIN processes 13 billion requests, impacting Ethereum and Bitcoin. Economic guarantees with EigenLayer slashing. Introduction of multi-provider marketplace model. Infura’s Decentralized Infrastructure Network (DIN) efficiently handles approximately 13 billion requests monthly, signaling rapid adoption. The system leverages a multi-provider model with EigenLayer to ensure accountability through economic guarantees, impacting Ethereum and Bitcoin integrations. Infura’s Decentralized Infrastructure Network rollout is pivotal for distributed blockchain networks, enhancing security and reliability. It represents a shift towards decentralized infrastructure and impacts developers and projects dependent on Infura, MetaMask, and connected services. Infura’s DIN leverages multiple node providers, ensuring economic security through EigenLayer slashing. Key players include Infura, MetaMask, and external node operators, adopting a decentralized model. This approach shifts the focus towards a multi-provider marketplace, enhancing infrastructure resilience. **Tom Hay, Head of Product, Infura,** stated, “By leaning on Ethereum’s economic security through EigenLayer, we continue to build on DIN’s steady progress, creating a web3 permissionless marketplace for infrastructure services.” The processing of 13 billion requests marks a shift in blockchain infrastructure reliability especially for Ethereum and Bitcoin integrations . This development promises enhanced uptime for decentralized applications and services dependent on Infura’s infrastructure. This advancement reflects growing adoption in decentralized blockchain services. The entrance of Bitcoin into DIN-supported assets signifies a broader extension of services, enabled by partnerships like Hemi. Affected markets may see increased use cases and Dapp efficiencies. Analysts predict increased efficiency and competition among node providers. Regulatory discussions are developing regarding decentralized infrastructure, echoing DIN’s alignment with resilience and redundant network preferences. DIN’s shift from centralized models introduces financial accountability. Stakeholders see potential cascading effects on market decentralization and service reliability, with attention on regulatory reactions and ecosystem adoption. Explore Infura’s Early Access Program for Decentralized Network
Zero-knowledge identity startup Self completes $9 million financing
Foresight News reported, according to CoinDesk, that zero-knowledge identity and human verification protocol Self has announced the completion of a $9 million seed round. The round saw participation from Greenfield Capital, Startup Capital Ventures x SBI Fund (SoftBank), Spearhead VC, Verda Ventures, Fireweed Ventures, as well as angel investors such as Casey Neistat, Sreeram Kannan (EigenLayer), Sandeep Nailwal (Polygon), Julien Bouteloup (Curve), Jill Carlson (Espresso), and Hart Lambur (Across Protocol). Self has also launched a points-based rewards program aimed at promoting the adoption of on-chain identity verification.
SharpLink’s Ethereum Bet Pays Off: Massive Q3 Profit and 1,100% Revenue Jump
SharpLink Gaming posted Q3 2025 revenue of $10.8 million, a 1,100% year-over-year increase, as its Ethereum-focused treasury strategy propelled net income to $104.3 million. The company’s crypto assets totaled nearly $3 billion, with ETH holdings rising from 817,747 tokens on September 30（UTC+8） to 861,251 ETH by November 9, 2025（UTC+8）。 Financial Performance Driven by ETH Strategy SharpLink’s ambitious treasury strategy has reshaped its financial outlook. The company reported net income of $104.3 million, or $0.62 per fully diluted share, for the third quarter ending September 30, 2025（UTC+8）。 This result sharply contrasts with the net loss of about $885,000 recorded in the same quarter last year. The revenue surge reflects both ETH price gains and the company’s pivot to serving institutional Ethereum investors. As of September 30, 2025（UTC+8）, SharpLink held $11.1 million in cash and $26.7 million in USDC stablecoins. The company also maintained its substantial ETH position. The firm deployed most of its ETH holdings into yield-generating staking mechanisms to optimize returns. SharpLink initiated a $1.5 billion stock repurchase program, spending $31.6 million to buy back 1,938,450 shares during the quarter. In October 2025（UTC+8）, it completed a $76.5 million direct stock offering at a 12% premium to market price, underscoring investor demand for ETH-linked equity exposure. These moves reflect the company’s confidence in its treasury model and its ability to attract institutional capital. ETH Deployment into DeFi Yield Strategies A central part of SharpLink’s strategy is a $200 million commitment to deploy Ethereum onto Consensys’ Linea platform. This zkEVM Layer 2 solution delivers full Ethereum compatibility with low fees and fast settlement. Research from Linea’s official website claims the network achieves up to 10 times faster zero-knowledge proving than general zkVMs, providing advantages for DeFi applications. SharpLink leverages ether.fi and EigenCloud for institutional-grade staking and restaking services on Linea. The EigenCloud blog explains how the $200 million deployment blends liquid staking with restaking via EigenLayer’s Actively Validated Services (AVS), allowing SharpLink to earn additional yield streams on top of standard staking rewards. Anchorage Digital provides custody, ensuring compliance and security. This approach reflects a 2025 trend of public companies using DeFi protocols to enhance treasury returns. By participating in Layer 2 infrastructure and restaking, SharpLink aims to generate yield while retaining long-term exposure to Ethereum. The company’s early adoption of zkEVM technology also aligns its treasury strategy with Ethereum’s scaling developments. Additionally, SharpLink launched tokenized SBET on Ethereum through a partnership with Superstate, expanding its on-chain activity and creating new ways for shareholders to engage within the Ethereum ecosystem. Executive Appointments and Strategic Outlook SharpLink has expanded its leadership team by appointing senior professionals from leading financial and crypto firms. Matthew Sheffield joins as Chief Investment Officer, Mandy Campbell as Chief Marketing Officer, and Michael Camarda as Chief Data Officer. These hires bring experience from FalconX, Bain Capital Crypto, Consensys, and JPMorgan, highlighting the company’s focus on asset management, institutional partnerships, and blockchain infrastructure. SharpLink has scheduled a conference call for November 13, 2025（UTC+8）, at 8:30 a.m. ET to discuss its Q3 results and outlook. Investors and analysts are expected to examine the sustainability of the company’s yield-generation model, the regulatory landscape for public crypto holdings, and the potential for further capital deployment into DeFi protocols. The post SharpLink’s Ethereum Bet Pays Off: Massive Q3 Profit and 1,100% Revenue Jump appeared first on BeInCrypto.
Hourglass Closes Vault Deposits at $1.8 Billion
Key Takeaways: Over 25,000 wallets contributed to the $1.8 billion total. Hourglass utilized strict KYC protocols. Significant interest reflects high user demand globally. Hourglass’s Stable Vault Phase Two deposits closed with $1.8 billion accumulated across over 25,000 wallets, strictly adhering to KYC protocols. High traffic necessitated changes to ensure fair participation, affecting inflows of stablecoins like USDT and USDC. Hourglass has concluded Phase Two of its Stable Vault deposits , accumulating approximately $1.8 billion from over 25,000 wallets. The deposits, requiring strict KYC compliance, saw high traction globally, as reported via Hourglass’s official channels. Hourglass Stable Vault Phase Two The Hourglass Stable Vault Phase Two successfully closed deposits with significant global demand, resulting in a total accumulation of $1.8 billion across more than 25,000 wallets. Hourglass managed the event, issuing updates via official X (Twitter) and website communications, with no statements from executive figures. Token contributions were capped, while strict Know Your Customer (KYC) protocols were enforced throughout. Official Hourglass Update, Hourglass Protocol – “Once the new KYC links are online, users will have 72 hours to complete the process.” All participants must meet KYC requirements within 72 hours post-deposit closure for fund accessibility. The market sees increased liquidity flows in stablecoins USDT and USDC following the large-scale deposit event. This shift could potentially divert liquidity from other DeFi protocols, depending on users’ financial strategies. The event may temporarily alter respective Total Value Locked (TVL) metrics, reflecting the ongoing dynamics in decentralized finance. Historical parallels, such as Lido and EigenLayer events, suggest this reallocation often coincides with TVL fluctuations and modest impacts on stablecoin valuations. However, broader crypto markets might register only minor ripples. Such large-scale KYC requirements underscore institutional alignments, promoting transparency and regulatory confidence in decentralized ecosystems. Regulatory responses remain speculative with no statements from authorities at this stage, highlighting the evolving nature of compliance in DeFi operations. This event showcases a distinct institutional interest in stablecoin deposits, setting a precedent for potential financial shifts and technological advancements in DeFi protocols. The event’s success underscores a growing preference for secure stablecoin integrations, marking a significant milestone in digital asset management.
Filled orders
Delivery scenarios