EigenLayer is gearing up for a groundbreaking leap in H1 2024, introducing an innovative staking collaboration with data availability layer operators.
EigenLayer, the re-staking virtuoso, has revealed a detailed roadmap. This roadmap pinpoints the start of the second phase of its mainnet, set to commence in the initial half of 2024.
In this upcoming phase, users can anticipate the ability to entrust their staked ether to EigenDA, the data availability solution operators.
This strategic move is designed to enlist these operators in reinforcing the protocol’s security apparatus. Simultaneously, it provides an avenue for rollups, the secondary scaling solutions, to seamlessly integrate for their scaling needs.
Moreover, EigenLayer plans to use staked ether and liquid staking tokens to enhance blockchain and data scaling services, particularly EigenDA. The debut of the mainnet’s initial phase unfolded back in June, marking the genesis of this transformative journey.
EigenLayer Advances in H1 2024: Phase Two Launch and Introduction of EigenDA Validation System
Yesterday, EigenLayer launched the second phase of its test network, introducing operator registration and initiating EigenDA verification.
This progressive stride succeeds the project’s maiden launch, which introduced re-staking to the Ethereum mainnet but with restricted utility. Furthermore, the imminent phase aims to transcend and elevate the existing functionalities.
Pioneering EigenDA’s Validation System EigenDA is poised to ascend as the inaugural actively validated service on EigenLayer, signifying a system reliant on re-staking and garnering validation through EigenLayer.
Furthermore, the rollout of EigenDA is foreseen to bring about a decline in transaction fees within rollups. This potential reduction could have a constructive influence on the scalability of decentralized applications.
This impact is particularly noteworthy in niches such as decentralized gaming and social media platforms. Here, historical constraints of exorbitant transaction costs have persisted.
EigenLabs Raises $50M in Series A as EigenLayer Exceeds $240M in Smart Contract Value
EigenLabs, the visionary minds steering EigenLayer, sealed a momentous $50 million Series A funding round in March, spearheaded by Blockchain Capital.
The cumulative value encapsulated in EigenLayer’s smart contracts has surged past the $240 million mark. This significant milestone followed the swift fulfillment of the second round of deposit caps for liquid staking assets in August. These assets include stETH, rETH, and cbETH.
In the intricate tapestry of blockchain evolution, EigenLayer charts a course. This course amalgamates staking intricacies with data scalability, heralding a paradigm shift in Ethereum’s narrative.