EIGEN-USD Research Brief (as of 2026-08-30)

1. Identity & Current Price

EIGEN is the native token of EigenCloud (formerly EigenLayer), an Ethereum-based protocol that pioneered "restaking" — allowing already-staked ETH to secure additional services (Autonomous Verifiable Services, or AVS) [DOC-1][9]. The project rebranded from EigenLayer to EigenCloud in 2026, expanding its scope from Ethereum restaking into AI and cloud infrastructure [DOC-1][17]. As of August 30, 2026, EIGEN trades at approximately $0.19–$0.20, down roughly 95–96% from its December 2024 all-time high of $5.65 [5][6][DOC-4].

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2. Key Recent Catalysts (Last ~1–3 Months)