EigenCloud (prev. EigenLayer)

EigenCloud (EIGEN), previously known as EigenLayer, is a developer platform that aims to make any application, on-chain or off-chain, provably verifiable. The EIGEN token powers this platform for verifiable apps, services and AI, and the project is one of the most prominent names in Ethereum's restaking movement.

What is EigenCloud?

EigenCloud, which grew out of EigenLayer, is built around the idea of extending crypto-economic security and verifiability to a broad range of applications. Where EigenLayer introduced restaking, letting staked assets be reused to secure additional services, EigenCloud broadens the vision into a developer platform for building verifiable apps, services and AI workloads. The goal is to let builders make computations provable, whether they run on-chain or off-chain.

How does EigenCloud work?

The core primitive is restaking: users who have staked assets on Ethereum can opt in to provide security to additional services, known as actively validated services, without unstaking. This lets new protocols bootstrap security from Ethereum's existing staked capital rather than building their own validator set from scratch. EigenCloud extends this into data availability, verifiable AI and other infrastructure categories, with the EIGEN token serving as the platform's coordinating and security asset. It operates within the Ethereum and Base ecosystems.

EigenCloud tokenomics and supply

EIGEN has a circulating supply of roughly 741.2 million tokens against a total supply near 1.84 billion, so a substantial portion of tokens remains locked for contributors, investors and ecosystem programs and will unlock over time. There is no simple fixed hard cap of the kind a memecoin has; supply is governed by the project's allocation and emission schedule. EIGEN reached an all-time high near $5.65 and an all-time low around $0.148, a wide range typical of a newer infrastructure token.

Token snapshot

• Circulating supply: about 741.2 million EIGEN
• Total supply: roughly 1.84 billion EIGEN
• Core theme: restaking and verifiable computation
• Ecosystems: Ethereum and Base

What is EIGEN used for?

EIGEN underpins EigenCloud's verifiability and security model, supporting the platform's restaking and actively validated services and aligning incentives among stakers, operators and application builders. The broader use cases target infrastructure that other protocols depend on, including data availability and verifiable AI, positioning EIGEN as a token tied to shared security rather than a single application.

Where to buy EigenCloud

EIGEN is listed on major venues covered in our best crypto exchanges ranking, which is a good place to compare fees, liquidity and regional availability. Because EIGEN is an Ethereum and Base asset, our best crypto wallets guide can help you choose non-custodial storage that supports restaking-related interactions if you plan to participate actively.

Is EigenCloud a good investment?

EIGEN is a high-profile infrastructure token whose value depends on real adoption of restaking and verifiable services, an area that is still maturing and carries technical and slashing-related risks. A meaningful share of supply is still to unlock, which can pressure price over time. This is not financial advice; research the platform's security model, unlock schedule and adoption before taking any position.