Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»We take a closer look at the daily flow of EigenLayer after the EIGEN airdrop.
ADOPTION NEWS

We take a closer look at the daily flow of EigenLayer after the EIGEN airdrop.

By Crypto FlexsMay 29, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
We take a closer look at the daily flow of EigenLayer after the EIGEN airdrop.
Share
Facebook Twitter LinkedIn Pinterest Email

We talked a few weeks ago about how the response to EigenLayer’s EIGEN airdrop led to a surge in the number of pending withdrawers on the platform.

There was some controversy surrounding the airdrop, including VPN restrictions and the initial non-transfer period imposed on the token, but a few days later the Eigen Foundation came out to expand the airdrop allocation and clarify some of the timings around the token. Improved unlocking and transferability has helped calm some fears.

It is possible that some users who only deposited into EigenLayer to farm airdrops were content to leave the platform after the snapshot was taken, as well as users who were angry about the initial EIGEN reveal.

But now we see the real impact of increased withdrawal queues. Because there is a 7-day escrow period before withdrawers can withdraw their funds, actual outflows on the platform are tracked with a delay of approximately a week compared to when withdrawals are initiated. The number of queued withdrawers first occurred on April 29, when EIGEN’s token economics were first announced, but we saw the actual number of withdrawers on EigenLayer skyrocket starting on May 6, after the escrow period ended.

But more than just withdrawals, we can now see more clearly the capital movements facing EigenLayer. The number of depositors on EigenLayer surged in mid-April after launching its mainnet and unsuspended deposits for its liquid staking tokens. So the increase in withdrawals wasn’t necessarily the cause of many problems for the restaking platform.

And the pressure so far appears to have been relatively manageable. Since May 6, there have been four days when daily net flows exceeded $45 million, meaning a significant amount of funds were leaving the platform. That $45 million is still tiny compared to EigenLayer’s TVL of about $15 billion, so the amount of funds securing the re-staking network hasn’t changed much.

Although net negative days have become more common since the launch of EIGEN, net positive days still occur, such as when the platform brought in $57 million on May 15th. Additionally, the initial surge in withdrawers appears to be subsiding, although daily levels still tend to hold. It will be higher than before the token was released.

However, now that EigenLayer has launched its mainnet, it is in a position to deliver the additional returns it previously promised to depositors. And EigenLayer is a re-staking platform with the largest secure network to date, making it the most attractive option for new services looking to bypass their own liquidity. EigenLayer is therefore well-positioned to help attract new services to increase additional rewards for depositors, which may be enough to encourage users to keep their money with the current protocol.

This is an excerpt from The Block’s Data & Insights newsletter. Dive into the numbers that make up the most thought-provoking trends in your industry.


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.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025
Add A Comment

Comments are closed.

Recent Posts

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025
Most Popular

Hodler’s Digest, July 28 – Aug. 3 – Cointelegraph Magazine

August 4, 2024

Bitcoin derivatives hint at potential upside above $73,000 — next to hit all-time high

May 21, 2024

Exploring the Future of Real Assets in DeFi

August 31, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.