EigenDA Introduces Lower Rates and Free Plan for Storing Ethereum Data

EigenLayer’s data availability protocol, EigenDA, has recently made a significant announcement regarding a substantial reduction in its service costs by a factor of 10, coupled with the introduction of a new complimentary tier. This strategic move, unveiled through a blog post on August 19th, aims to enhance the appeal of EigenDA’s offerings by rendering them more economical and scalable.

A key element ensuring the security and reliability of EigenDA’s network is the staggering 3.6 million ETH that has been re-staked by a robust community of over 133,000 Ethereum stakers. The platform’s parent company, EigenLayer, currently boasts an impressive total value locked (TVL) exceeding $12 billion, as reported by DefiLlama. EigenLayer also supports a range of additional services such as eOracle and Lagrange State Committees, collectively underpinned by an additional 2 million ETH.

EigenDA stands out as the premier and most extensive actively validated service (AVS) operating on EigenLayer. The protocol’s primary objective is to boost data availability on the Ethereum network by a factor of 1,000, potentially paving the way for the development of sophisticated blockchain applications like decentralized order books, real-time gaming platforms, and AI-powered social networks. By substantially lowering operational costs, EigenDA aspires to unlock new realms of possibilities for on-chain data services, fostering innovation and growth within the blockchain ecosystem.

In a bid to stay informed about the latest developments in the crypto space, readers are encouraged to follow The Crypto Times on Google News. This move aligns with EigenDA’s commitment to transparency and accessibility within the rapidly evolving world of digital assets and decentralized technologies.