EigenLayer, the stake protocol built on the Ethereum ecosystem, has announced its plan to launch the second phase of its mainnet in the first half of 2024. The planned phase aims to allow users to delegate their staked assets to operators on the data availability solution EigenDA.
Notable Step by EigenLayer Team
With this step by the EigenLayer team, operators will be able to contribute to the security system of the protocol and integrate activities deemed necessary for scaling solutions like rollups.
The EigenLayer team aims to utilize staked Ethereum assets and other liquid staking assets to secure the EigenDA blockchain network and data scaling services. The team introduced the first phase of the mainnet to the public in June.
On November 16, the EigenLayer team activated this second phase on the testnet to enable operator registration and EigenDA verification. This follows the initial launch of the project, which offers limited benefits for restaking on the Ethereum mainnet. The aim is to further enhance the functionality of this phase in the future.
High Interest in EigenLayer
EigenDA will be the first actively verified service (AVS) on the EigenLayer protocol. This development signifies a system based on restaking and verification through EigenLayer. Having EigenDA on the protocol will reduce transaction fees for rollups.
This development will have a significant impact on scaling decentralized applications, particularly in services like decentralized gaming and social media platforms that have historically faced limitations due to transaction costs.
EigenLabs, the team behind the EigenLayer protocol, successfully completed a $50 million Series A funding round led by Blockchain Capital in March. Following the rapid filling of the second round transaction limits for liquid staking assets such as stETH, rETH, and cbETH in August, the total value of smart contracts on the EigenLayer protocol exceeded $240 million.
