As a seasoned crypto investor with a keen eye for promising projects, I find the recent announcement by EigenDA truly intriguing. Having navigated through numerous bull and bear markets, I’ve learned to appreciate scalable solutions that can unlock new possibilities for blockchain applications.
EigenLayer’s data accessibility protocol, known as EigenDA, has declared a significant reduction in service costs by a factor of 10. Additionally, they have introduced a complimentary service tier to their offering.
In a blog post dated August 19th, EigenDA has revealed that this reduction in price forms part of their strategic plan. This strategy aims to draw in more users by offering a more budget-friendly and scalable service.
As a researcher delving into the intricacies of EigenDA’s architecture, I can attest to the robustness of its network security. This strength is underpinned by an impressive 3.6 million Ether (ETH) that has been re-staked by over 133,000 dedicated Ethereum stakers.
As reported by DefiLlama, the EigenLayer platform, where EigenDA resides, currently boasts a total value locked (TVL) of more than $12 billion. This platform also provides additional services such as eOracle and Lagrange State Committees, collectively reinforced by approximately 2 million Ether (ETH).
Furthermore, EigenDA stands out as the initial and currently most extensive service within the actively validated sector (AVS) on EigenLayer. The underlying protocol is designed to boost Ethereum’s data accessibility by an estimated 1,000 times, potentially facilitating sophisticated blockchain applications such as decentralized trading systems, real-time gaming platforms, and AI-powered social networks. With its focus on substantial cost reduction, EigenDA aims to unlock new avenues for these distributed data services.
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2024-08-20 00:20