EigenCloud

Eigen Labs builds EigenLayer and EigenCloud and keeps publishing product and research work, such as Yukon in August 2026. In July 2025 it cut 25% of its workforce (29 people) to focus on EigenCloud. The contracts are mostly upgradeable and governed by multisigs and a Protocol Council.

• The Block: Eigen Labs lays off 25% of workforce to focus on EigenCloud
• Eigen Labs blog
• Protocol governance (Eigen Foundation docs)

a16z crypto acquired $70 million of EIGEN directly in June 2025, after leading a $100 million Series B in Eigen Labs in February 2024. Investors and early contributors hold roughly 55% of the supply, which concentrates ownership.

• The Block: a16z crypto invests $70 million in direct EigenLayer token deal to back EigenCloud
• Is EigenCloud (prev. EigenLayer) Halal?: CryptoUmmah coin audit

The initial supply was 1,673,646,668 EIGEN; by October 2026 CoinGecko showed 1,849,558,132, with about 969 million circulating and no maximum. Insider allocations unlock 4% a month until about September 2027, and issuance was initially 4% of the initial supply a year. ELIP-12 (December 2025) added fee-funded token repurchases, which have yet to show a large effect.

• Key information on the initial EIGEN supply (Eigen Foundation)
• EIGEN's purpose, unlock and transferability (Eigen Foundation)
• CoinGecko API: EigenCloud
• ELIP-12: A New Era of EIGEN Incentives (Eigen Labs blog)

DefiLlama showed about $7.08 billion locked in EigenLayer on 1 October 2026, down from $20 billion in June 2024. CryptoUmmah reports that protocol revenue is near zero and most rewards come from token issuance.

• DefiLlama API: EigenLayer TVL
• The Block: a16z crypto invests $70 million in direct EigenLayer token deal to back EigenCloud
• Is EigenCloud (prev. EigenLayer) Halal?: CryptoUmmah coin audit