EigenCloud (formerly EigenLayer)EIGEN

A restaking network, now branded EigenCloud, where staked ether secures other services; EIGEN is its token.

Rank #174Since October 2024 (token transferable); restaking since June 2023

Price on 31 Oct 2026

C$0.2635 +5.2% since 31 Jul 2026 · 96.7% below its all-time high

The short version

EigenLayer lets people restake ether to secure other services; it now operates as EigenCloud, with US$5.78B restaked on DefiLlama. Eigen Labs, led by founder Sreeram Kannan, builds it and the Eigen Foundation governs the token; investors include a16z. Monthly releases of about 36.8M EIGEN to investors and early contributors run from 1 Nov 2026 to 1 Oct 2027. On 31 Oct 2026 one EIGEN cost C$0.2635. From 31 Jul 2026 to 31 Oct 2026 its price changed +5.2% in Canadian dollars, and it was 96.7% below its all-time high of C$8.05 set on 16 Dec 2024.^[1]

Checked 31 Oct 2026 · 12 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$1.29 (1 Nov 2025) · low C$0.2094 (13 Apr 2026) · -79.4%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$0.2655	US$0.1902
30 Sep 2026	C$0.3568	US$0.2506
31 Aug 2026	C$0.2558	US$0.1845
31 Jul 2026	C$0.2569	US$0.1831
30 Jun 2026	C$0.3094	US$0.2178
31 May 2026	C$0.2980	US$0.2160
30 Apr 2026	C$0.2508	US$0.1847
31 Mar 2026	C$0.2272	US$0.1634
28 Feb 2026	C$0.2570	US$0.1880
31 Jan 2026	C$0.3986	US$0.2955
31 Dec 2025	C$0.4914	US$0.3588
30 Nov 2025	C$0.8328	US$0.5938

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$0.2635^[1]
3-month change: +5.2% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 96.7% below its high of C$8.05 (16 Dec 2024)^[1]
Market rank: #174, market value about C$267.4M^[1]
Kind: Token · Ethereum (ERC-20); also on Base
Started: October 2024 (token transferable); restaking since June 2023

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?Not disclosedUpgradeable proxy; supply grew from 1.674B to 1.86B since launch; minting role not verified^{[2, 3]}

Can anyone freeze or take coins from holders?Not disclosedUpgradeable proxy contract; GoPlus reports no blacklist or pause details^[2]

Can the token's contract code be changed?YesUpgradeable proxy contract on Ethereum^[2]

Is the supply capped?NoNo maximum supply; total rose from 1.674B at launch to 1.86B^{[2, 3]}

Any scheduled unlocks in the next 12 months?Yes36.82M a month to Oct 2027: 29-44% of circulating, by source^{[3, 4]}

Does a team or foundation hold over 10% of supply?YesInvestor and contributor tokens still vesting: about 442M, 24% of total supply^[3]

Do network fees reach coin holders?NoUS$0 holder revenue; proposed ELIP-12 buybacks not yet executed^{[5, 6]}

Main network hacked or halted in the past 2 years?NoNo contract exploit; the Oct 2024 investor-impersonation theft was before the 24-month window^[7]

Is a regulator or court case targeting the coin itself?NoNo live regulator or court case naming Eigen Labs found^[6]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Built by: Eigen Labs (founder and CEO Sreeram Kannan, COO Alan Curtis); Eigen Foundation governs the token^{[8, 9]}
Upgrades: Run by three multisigs and a Protocol Council; the token contract is an upgradeable proxy^{[9, 2]}
Backers: US$234.4M raised, including a16z (US$100M in Feb 2024 and a US$70M token purchase in Jun 2025)^[3]

Supply

In circulation: 1.02B EIGEN of 1.86B in total (54.7%)^[1]
Maximum supply: None set^[1]
Fully diluted value: 1.83 times its current market value^[1]
Insiders at launch: 55% of the 1.674B initial supply (investors 29.5%, early contributors 25.5%)^[3]
Unlocks: 36.82M EIGEN a month on the 1st, 1 Nov 2026 to 1 Oct 2027: 295-442M by source^{[3, 4]}
Total supply: 1.86B on 1 Nov 2026, up from 1.674B at launch^{[2, 3]}

Use and fees

Restaked: US$5.78B (DefiLlama, 31 Oct 2026)^[10]
Fees: US$23.0M of fees in the past year; US$0 revenue to the protocol or holders^[5]
Buybacks: ELIP-12 fee-funded buybacks proposed; none executed by 31 Oct 2026^[6]

Trading

Daily trading: About C$35.1M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 11.67% of its market value changes hands each day^[1]
20-week average: 13.3% below its 20-week average price^[1]
1-year change: -79.9% in C$^[1]^[11]

History

Not a forecast

Coins ranked 51-200 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 4,050 cases, 612 coins

39% were higher a year later^[12]

Typical result: Median -25% after a year; 45% higher after two years
Lost half or more: 38% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

1 red flag found

Red flag: About 295-442M EIGEN, 29-44% of circulating supply depending on source, unlock to investors and early contributors in the 12 months from 1 Nov 2026.^{[3, 4]}

36.82M EIGEN, about 3.6% of circulating supply, unlocked on 1 Nov 2026; the same amount is due on the 1st of each month to Oct 2027.^[3]
DefiLlama now describes Eigen Labs as an AI research lab building tools for human and agent coordination (Oct 2026).^[10]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.