{
  "url": "https://blockindex.ai/coin/eigen",
  "name": "EigenCloud",
  "links": {
    "github": "https://github.com/Layr-Labs/whitepaper/blob/master/EIGEN_Token_Whitepaper.pdf",
    "website": "https://www.eigencloud.xyz/",
    "whitepaper": "https://docs.eigenlayer.xyz/eigenlayer/overview/whitepaper"
  },
  "dScore": 31,
  "market": {
    "priceUsd": 0.2240404885374559,
    "marketCapUsd": 177751008.6984391,
    "volume24hUsd": 37430293.48156654,
    "priceChange7dPct": 24.65670372,
    "priceChange24hPct": 12.83209244
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 793387882.0690129,
    "circulatingPct": null
  },
  "ticker": "EIGEN",
  "founder": "Sreeram Kannan",
  "vcFunded": true,
  "updatedAt": "2026-06-19T06:00:14.927801+00:00",
  "fairLaunch": false,
  "launchYear": 2021,
  "description": "EigenCloud (EIGEN) is a protocol-token ecosystem that originated from the EigenLayer research and engineering effort to extend Ethereum’s cryptoeconomic security to off-chain and cross-chain services. Founded around Eigen Labs in 2021 and formalized through a whitepaper published in February 2023, the project introduced restaking primitives that allow holders of staked ETH and liquid staking tokens to re-use their economic security to secure Actively Validated Services (AVSs). Over time EigenCloud pivoted from a restaking-first message into a broader infrastructure play targeting verifiable data availability (EigenDA), verifiable AI inference (EigenAI), and verifiable compute (EigenCompute). The team and foundation narrative emphasize enabling permissionless, market-driven security for arbitrary services while creating new yield opportunities for stakers and operators.\n\nTechnically, EigenCloud is implemented as an ERC-20 token and a set of smart-contract-based primitives deployed on Ethereum. The core innovations are restaking and an intersubjective staking model, which introduces mechanisms to handle subjective or off-chain faults using the EIGEN token and incentive structures. EigenDA provides a data-availability substrate and the project has published components and documentation on GitHub and the official docs site. The protocol architecture relies on Ethereum’s account model and PoS consensus for underlying settlement; EigenCloud itself does not implement a separate consensus layer. Engineering milestones include staged testnets in 2023, the deployment of restaking contracts to mainnet in June 2023, and successive releases and open-source integrations (including an OP Stack fork with EigenDA support) that advanced the modular data-availability story.\n\nIn terms of use cases and ecosystem, EigenCloud aims to serve both DeFi primitives and non-DeFi workloads by enabling secure off-chain services that require distributed validation — examples include rollups, data availability layers, verifiable AI models, and verifiable container execution for compute tasks. The project’s pivot toward verifiable AI and compute in 2025 broadened its TAM to include enterprise and AI service providers who need attestable execution and data availability guarantees. Market presence is material: EIGEN is listed on major centralized exchanges (Coinbase, Binance, Kraken, Bybit, Bitget) and on Uniswap, and it has price and market-cap history visible on aggregators (CoinMarketCap, Messari). That market access, combined with developer tooling such as EigenDA and open-source work, supports third-party AVSs and operators who can earn fees by providing validation services to AVSs.\n\nTokenomics and governance remain active areas of evolution. Current supply snapshots place total supply in the ~1.77–1.8B range with a circulating supply of approximately 492.23M EIGEN. Pre-mine and explicit PIP allocations are not documented in the provided sources; governance around emissions and incentives is subject to ELIPs, council mechanisms, and proposals such as ELIP-12 which contemplates an Incentives Committee to manage emissions and potential buyback/fee allocation mechanisms. Governance activity includes both on-chain ELIP proposal flows and a protocol council/foundation role which together form a hybrid governance footprint. The project has raised institutional capital (reported ~$235M across rounds) and maintains foundation-led activities, while also enabling token-holders and protocol actors to participate in governance discussions via ELIPs and related processes.\n\nOperationally, EigenCloud progressed rapidly through testnets and staged releases in 2023–2024, and 2025 focused on productization with EigenCloud/EigenAI/EigenCompute mainnet-alpha launches and several partnership announcements. Known risks include the complexity of restaking semantics, delayed implementation of certain economic primitives (notably slashing and some reward mechanics in earlier milestones), and regulatory scrutiny around restaking constructs. Overall EigenCloud is best described as an ambitious infrastructure project that combines tokenized economic security with modular data availability and verifiable compute ambitions, positioning itself at the intersection of DeFi, infrastructure, and verifiable AI.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 2",
    "isToken": true,
    "consensus": "PoS",
    "parentChain": "ETH"
  },
  "dScoreComponents": {
    "autonomy": 0,
    "ageHistory": 11,
    "governance": 20,
    "nodeDistribution": 0,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Centralized Leaning"
}