Eigen Labs, a well-known decentralized re-staking protocol, has launched a new feature called multi-chain verification. This allows services built on EigenLayer to extend beyond Ethereum's networks.
Expansion of EigenLayer Services
Previously, Actively Validated Services (AVSs) on EigenLayer could only operate on the Ethereum network. This limited their speed and scalability. With the introduction of multi-chain verification, AVSs can now deploy on various blockchains, including faster and more affordable Ethereum Layer 2 networks.
Benefits of Multi-Chain Verification
With this update, developers can configure their smart contracts and transition to other networks in just a few hours. This helps reduce costs and enhances performance. AVSs will be able to operate on faster and more cost-effective blockchains, maintaining user investments while providing a higher quality of service.
EigenLayer Ecosystem and Its Development
EigenLayer has become a key component of the Ethereum ecosystem. Despite a security incident in 2024, the protocol holds nearly $18 billion in ETH and liquid staking tokens. Eigen Labs also launched EigenCloud, a new tool designed to simplify the development within its ecosystem. Attracting significant investment indicates strong confidence from major investors in the future of EigenLayer.
The launch of multi-chain verification marks an important step for Eigen Labs, providing wider opportunities for developers and users. This mechanism improves the scalability and performance of services while maintaining a high level of security.
