EigenLayer futures rose pre-market after falling to a record low of $2.17 last week.
EigenLayer (EIGEN) rose to an intraday high of $2.73, up more than 25% from its low on September 7. However, it remains 30% below its all-time high.
OKX’s pre-market futures allow people to trade tokens before they go on the market. The volumes of these futures are often small, making them highly volatile, and their price movements usually do not predict what will happen when they go on the market.
The rebound came after EigenLayer announced details of the second season of its airdrop, which is set to begin on September 17. The first season of the airdrop ended on September 7.
This season will see 70 million EIGEN tokens. Dedicated to shareholders Operators will allocate up to 10 million tokens to ecosystem partners. Six million tokens will be allocated to the community, including open source project contributors and early backers, while the remaining tokens will go to the Protocol Guild.
EigenLayer has become one of the largest players in the crypto industry, providing storage solutions. Data by Davey’s Call It appears to have become the second largest player in the DeFi industry with a total value locked of over $10.9 billion.
Restaking is a technology that allows Ethereum (ETH) investors to reuse their tokens across other protocols. In addition to EigenLayer, other popular liquid staking solutions in the crypto industry include Symbiotic, Puffer Finance, and Renzo.
The price of EigenLayer at launch is still unknown, but analysts expect it to be one of the biggest listings of the year. Polymarket Survey With assets of $1.9 billion, EigenLayer’s fully diluted market cap is expected to be less than $10 billion.