For the protocol that created a totally new sector (restaking) within the ecosystem of projects (LRTs), I did expect higher. At least 2x the current FDV.

Very few protocols manage to invent and establish a completely new world for themselves, like "Chainlink = oracle," "Maker=DeFi stablecoin," etc.

LINK is great, but it's the "old token," and in crypto, degens prefer "new hot tokens" to the old.

So, I expected EIGEN to trade much higher, at least initially.

Remember many shared expectations of EIGEN launching with at least a 10B FDV.

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