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Home»ADOPTION NEWS»EigenLayer launches six actively validated services, including new Oracle
ADOPTION NEWS

EigenLayer launches six actively validated services, including new Oracle

By Crypto FlexsApril 13, 20242 Mins Read
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EigenLayer launches six actively validated services, including new Oracle
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EigenLayer has expanded its ecosystem by launching six new Actively Verified Services (AVS), and marks another step in its development with the launch of Mainnet Phase 3.

This expansion follows the initial introduction of EigenDA, EigenLayer’s first AVS. New AVSs introduced include AltLayer, Brevis, Eoracle, Lagrange, WitnessChain, and Xterio. These services represent a wide range of capabilities designed to address a variety of needs within the Ethereum ecosystem.

Some of these AVSs make Ethereum roll-up faster. Here, Lagrange’s main committee will provide light client functionality to facilitate optimistic rollups and faster, more secure communication between different blockchains. Additionally, AltLayer’s MACH platform will speed up rollup finality with sub-10 second confirmation speeds, EigenLayer said.

Another important introduction is Eoracle, the first Ethereum-based oracle network developed by EigenLayer. EigenLayer allows you to integrate real-world data into distributed applications. Another AVS called Brevis is developing a “coprocessor” on EigenLayer. Coprocessors focus on providing efficient computational resources and are especially useful for tasks that require stateless computation.

EigenLayer actively extends proven services.

These services are secured by EigenLayer’s re-staking protocol. Re-staking allows users to use ETH (or the corresponding liquid staking tokens) staked on EigenLayer for re-staking purposes. EigenLayer then extends Ethereum’s security framework by allocating this ETH to secure third-party applications, called actively verified services.

The introduction of these services follows the mainnet launch of EigenLayer and its data availability layer, EigenDA, earlier this week, with the EigenLayer operator coming online.

EigenLayer previously said it would introduce in-protocol payments and allow the AVS market with operators to develop and stabilize before rolling back its mainnet later this year. The total value locked in EigenLayer currently exceeds $15 billion.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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