Published on augustus 19, 2024, 6:27 pm
Image source: Fox News
```json [ "EigenDA data availability protocol by EigenLayer announces significant updates including 10x price reduction and introduction of a 'free tier' to enhance data availability on Ethereum layer-2 scaling chains.", "EigenDA aims to be the most cost-effective data availability solution, focusing on reliability, scalability, and security while managing over $12 billion TVL and promoting various Ethereum protocols.", "EigenLayer's diverse services like eOracle and Lagrange State Committees, supported by substantial ETH reserves exceeding $5 billion, contribute to enhancing data availability for decentralized applications in areas like real-time gaming and social networks." ] ```
The EigenDA data availability protocol has announced significant updates, including a 10x reduction in prices and the introduction of a new “free tier.” EigenDA, part of EigenLayer’s ecosystem, aims to enhance data availability on Ethereum’s layer-2 scaling chains. By offering a cost-effective solution for storing and accessing on-chain data, EigenDA is paving the way for increased adoption within the crypto community.
As EigenDA strives to onboard more layer-2 solutions onto its platform, its mission remains centered on providing reliable, scalable, and secure data availability. Leveraging a design that emphasizes scalability, EigenDA seeks to establish itself as the most price-efficient data availability solution in the market.
One of EigenLayer’s flagship services, EigenDA operates with over $12 billion in total value locked (TVL), making it a significant player in the DeFi space. With contributions from more than 133,000 stakers amounting to 3.6 million restaked ETH, EigenDA exemplifies an actively validated service essential for securing various protocols simultaneously.
EigenLayer’s diverse portfolio now includes services like eOracle and Lagrange State Committees, each backed by substantial ETH reserves exceeding $5 billion. These services play a crucial role in enhancing data availability across Ethereum by enabling on-chain functionalities such as real-time gaming, decentralized AI applications, social networks, and more.
For EigenLayer’s long-term vision to penalize unfavorable behavior effectively, robust access to transaction-related data through the data availability protocol is essential. This strategic approach aligns with EigenLayer’s overarching goal of boosting data availability by 1,000 times to unlock a plethora of on-chain possibilities.
As EigenDA continues to evolve and expand its offerings within the crypto space, it signifies a pivotal step towards advancing blockchain technology’s capabilities and fostering innovation within decentralized ecosystems.
Original article posted by Fox News
