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Buy EigenLayer (EIGEN)

EIGEN

24H Change
24H Volume
Global Rank
#164
Market Cap

EigenLayer Price

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About EigenLayer (EIGEN)

EigenLayer is a decentralised protocol built atop Ethereum’s infrastructure with a novel concept – restaking. When Ethereum migrated to a Proof of Stake mechanism, it allowed ETH holders to stake their holdings to secure the network and earn rewards. EigenLayer takes this to the next level by restaking locked ETH to other protocols and applications within the EVM ecosystem.

This has a two-pronged effect. First, it allows stakers to earn extra yield from assets that would otherwise be illiquid. Additionally, it adds a layer of security to dApps, reducing the barrier to entry for newer protocols and projects.

EIGEN is an extremely important part of EigenLayer’s ecosystem, as it can be used to secure the network, and agree upon penalties that can’t be determined on-chain which helps avoid forking the main Ethereum blockchain.

How to Buy EigenLayer (EIGEN) in Australia

  1. Signup for free
  2. Verify your account
  3. Deposit AUD instantly
  4. Buy EIGEN

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EigenLayer FAQs

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How does the EigenLayer network make money?

The EigenLayer economy operates by charging a small fee on the rewards given to Actively Validated Services (AVS) – the apps and protocols utilising restaked Ethereum. These fees are then redistributed to restakers and stored in a treasury system. Consequently, the more restakers that use Eigen, the more valuable it can become.

Where can I store EIGEN?

When you buy EIGEN on our trading platform, it will be automatically stored in your account’s integrated crypto wallet. A crypto wallet is required for sending, receiving and storing your digital assets.

Some users like to secure their crypto assets through an external, hardware wallet. To transfer your assets to such a device, simply use the withdraw tab in your Swyftx trading app.

Where is the best place to buy EigenLayer ?

The best place to buy EigenLayer is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade EigenLayer and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be one of Australia's highest-rated crypto exchanges as per our TrustPilot reviews.

How is the price of EigenLayer determined?

The price of EigenLayer is determined by the forces of supply and demand in the market. Similar to other assets, the price of EigenLayer is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for EigenLayer are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

Can I buy EigenLayer with credit card?

Swyftx does not allow you to directly buy EigenLayer with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy EigenLayer instantly.

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Period: Last 24 hours (AUD)

EIGEN Buys and Sells

By number of orders

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Period: Last 24 hours

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Disclaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.