Eigen Labs continues to develop its EigenLayer ecosystem by introducing a new multi-chain verification feature that significantly enhances blockchain interoperability.
New Multi-chain Verification Feature
Eigen Labs announced the launch of the multi-chain verification feature, enabling Actively Validated Services (AVS) to operate across multiple blockchains, including Ethereum Layer 2. The update has successfully launched on the Base Sepolia test network and will be fully operational on the main network in the third quarter of 2025.
Andreessen Horowitz Increases Investment
Andreessen Horowitz, a significant investor, has expanded its stake in Eigen Labs by acquiring an additional $70 million in EIGEN tokens, reinforcing market confidence in the platform's potential.
Market Impact
This new feature is set to impact Ethereum's security models and potentially reshape financial flows and ecosystem dynamics in the crypto market. Currently, Ethereum's price stands at $3,720.99, with a market cap of $449 billion.
This initiative marks a significant step forward for EigenLayer, enhancing its utility and opening new opportunities for developers and institutional investors within the blockchain space.
