EigenLayer Opens Phase 2 Claims for EIGEN Airdrop

Highlights

EigenLayer Phase 2 offers 10M $EIGEN bonus, claims open until Sept 7, 2024.
Season 1's total EIGEN distribution reaches 113M, representing 6.7% of supply.
Over 88% of EIGEN tokens were staked in Phase 1, showing strong community support.

The Eigen Foundation has started the second phase of the EIGEN stake drop, which is a significant step in its token distribution roadmap.

This launch is not only the finale of Season 1 but also the further developments in the protocol’s progression.

EigenLayer Phase 2 Claims Now Open

As part of EigenLayer’s ongoing development, the foundation has officially opened claims for the second phase of the EIGEN stake drop. This phase contributes to the total distribution for Season 1, to around 113 million EIGEN tokens, which is 6.7% of the allocated supply for stake drops.

The high participation rate during Phase 1, where more than 88% of EIGEN tokens were staked, shows the dedication to EigenLayer’s mission. In connection with the opening of Phase 2, the Eigen Foundation has set aside 10 million $EIGEN for the promotion of this phase. For instance, the first set of users likely to claim within the first twenty-four hours from the time the app is launched are entitled to a 2.5x increase in their token allocation.

1/ We’re excited to announce that Phase 2 claims are now open! (Season 2 is coming)

Phase 2 marks the completion of Season 1, nearly 113 million EIGEN are now distributed.

Get started: https://t.co/ZjZJPW9JR4 pic.twitter.com/uGT7GDJdyY

— Eigen Foundation (@eigenfoundation) June 19, 2024

The EIGEN token plays a crucial role in the functioning of Actively Validated Services (AVS), with potential use cases spanning from data accessibility to artificial intelligence, and decentralized storage. Through EIGEN staking, these services are accelerated in their development and ensured in their reliability.

The unique“intersubjective forking” model of EIGEN helps in increasing the security of these services as it offers a way for the honest parties to reach a consensus and deal with the issues.

Outlook and Staking Innovations

Similarly, the Eigen Foundation is still working on the EIGEN token, which is vital in securing AVS. With the claim window open until September 7, 2024, and the implementation of new features such as intersubjective forking, the foundation prepares for more robust and diversified digital systems.

Further information about the future distributions may be expected as Season 2 is approaching, thus, the members of the EigenLayer community will remain active and increase.

In May, EigenLayer officially started the highly-anticipated EIGEN token airdrop which is a major milestone for the project. However, the new tokens are not transferable for some time, raising questions over the actual trading value during the speculation period.

Although EIGEN has the possibility of being valued at around $9 per token on the perpetual futures market, the exact spot price will only be realized once the tokens are tradeable.

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.