EigenDA, a data availability protocol developed by EigenLayer, has announced a reduction in its service costs by 10x along with the introduction of a new free tier.
Cost Reduction
This price drop, announced in an Aug. 19 blog post, is part of EigenDA’s strategy to attract more users by making its service more cost-effective and scalable.
EigenDA Network Security
EigenDA’s network is secured by 3.6 million ETH that has been restaked by more than 133,000 Ethereum stakers. According to DefiLlama, EigenLayer, the platform hosting EigenDA, currently holds over $12 billion in total value locked (TVL) and supports various other services like eOracle and Lagrange State Committees, which together are backed by another 2 million ETH.
Impact on Blockchain Applications
Moreover, EigenDA was the first and remains the largest actively validated service on EigenLayer. The protocol aims to increase data availability on Ethereum by 1,000x, which could enable more advanced blockchain applications like decentralized order books, real-time gaming, and AI-driven social networks. By significantly cutting costs, EigenDA hopes to unlock new possibilities for these on-chain data services.
The reduction in service costs and the introduction of a free tier make EigenDA an attractive solution for emerging blockchain applications, potentially contributing to the further development of the Ethereum network.
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