EigenLayer remains one of the biggest protocols out there in the crypto market, yet its crypto coin, $EIGEN, has gone through very tough price action over the last year. Can it make a comeback after finally making some moves and recovering from its $0.80 bottom?
$eigen pic.twitter.com/Q0XYkdSG2G
— KNIGHT (@cryptoknight890) May 14, 2025
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EigenLayer Constant Product Growth
EigenLayer is not your textbook staking platform. Its restaking protocol lets ETH stakers reuse their staked ETH to secure other decentralized applications, allowing stakers to earn additional rewards on their staked assets. However, it comes with slashing risk if any of the other projects fail or misbehave.
This concept has gained a lot of popularity since it began in 2021. According to DefiLlama, EigenLayer is currently the largest restaking protocol. It is also one of the biggest protocols overall, with a total value locked (TVL) of $10 billion.
However, its coin ($Eigen), didn’t represent that value over the past year. It kept struggling and underperforming the market, and this can be attributed to multiple reasons. One being Ethereum chain itself, and the constant selling pressure from the fundraising rounds and incentives. EigenLayer has had multiple rounds over several years, raising over $150 million in total.
Notable investors include Coinbase and Polychain Capital. The most significant recent funding came from Andreessen Horowitz (a16z), which contributed $100 million to the project.
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Can Price Action Finally Match Its Product Growth?
ETH pumping back over $2k has given new life to Ethereum-based protocols. Most of them surged by a good percentage. Eigen is no different, as it’s one of the best fundamental projects on the chain. The coin has pumped over 75%, from $0.77 to $1.60, following the delivery of the EigenDA V2 upgrade.
EIGEN is once again in the spotlight and is likely to follow the overall bullish market sentiment. Currently facing a minor drawback to 1.40 with key support at 1.30. The RSI is in neutral territory, indicating no immediate overbought or oversold conditions. A breakout and hold above 1.60 will validate the bullish sentiment, and it will be ready to break above $2.00.
Solaxy’s First Ever Layer-2 for Solana Raises $36 Million and Time Is Running Out
Eigen indeed does have the potential to hit, but it won’t be enough to make huge profits for investors, as it already has a huge market cap. A better way is to invest in launches early or presales. Analysts expect the market volume to soar. The increasing congestion on blockchains, particularly with Solana, has created a growing need for L2 networks.
🚨 28 Days Remain 🚨
In just 28 days, the Solaxy pre-sale will end, but that is not all.
Announcing for the first time is Solaxy’s Igniter Protocol, where $SOLX holders will be able to create and launch their very own Tokens.
This is just the beginning of $SOLX domination.… pic.twitter.com/3990nDdRWu
— SOLAXY (@SOLAXYTOKEN) May 19, 2025
As we know, Solana has been facing congestion from time to time over the last few months. The first-ever Solana Layer-2 blockchain, Solaxy, directly addresses Solana’s pain points, congestion, failed transactions, and scalability limitations.
And on top of that, it’s a multipurpose L2 that developers can build dApps upon. Also, Solaxy aims to offload the burden on Solana and unlock the chain’s full potential for users, developers, and investors alike.
Solaxy is off to a hot start. The presale raised $37.9 million out of $38.7 million. $SOLX is priced at just $0.00173 in the current presale round, and staking offers up to 106% APY. Holders who lock their $SOLX tokens can earn high passive income, and the coin’s price has the potential to multiply over time.
Presales that quickly raise funds and attract numerous investors often see gains of 5x to 10x after launch and typically earn listings on centralized exchanges. Smart whales tend to accumulate these types of projects silently to maximize profits. One of these whales recently bought over $400k worth of $SOLX on the Ethereum chain; Click here for the transaction ID.
Follow the whales and get your position in the presale now by visiting the website.
For the latest updates on the project, connect with the SOLX community on X and Telegram.
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Key Takeaways
- EigenLayer enables ETH restaking for extra rewards.
- $EIGEN price rising but faces key resistance levels.
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