u--1: EigenDA

EigenDA AVS on EigenLayer

EigenDA

Total restaked ($)
info
Total value of restaked assets
:
$17.69B
ETH restaked
info
Total value of restaked assets, denominated in ETH
:
4.94M
Total operators: 202

What is EigenDA?

EigenDA is a data availability solution with 10 MiB/s of write throughput and the lowest cost in its class. The system's design is inspired by Danksharding, which promises to scale Ethereum's DA beyond EIP-4844. EigenDA is available today. Learn more at https://docs.eigenlayer.xyz/eigenda/overview/

Twitter, Website, Contract, EigenLayer

address: 0x870679e138bcdf293b7ff14dd44b70fc97e12fc0

Restakeable assets

Assets accepted for restaking by EigenDA along with their delegated balances.

Token Balance USD Value
ETH 3.07M $10.98B
stETH 1.05M $3.76B
bEIGEN 397.8M $1.69B
mETH 136.6K $513.5M
ETHx 77.7K $290.8M
wBETH 26.6K $100.5M
swETH 25.3K $97.6M
rETH 18.5K $74.2M
osETH 17.7K $65.7M
sfrxETH 9.3K $36.9M
LsETH 8.3K $31.5M
OETH 6.1K $21.7M
cbETH 5.5K $21.4M
ankrETH 728 $3.07M
reALT 1.66M $247.3K

Risk analysis
risk analysis by tokensight

AVS

Business Model

Dual Staking + Rollup Custom Quorum
low risk

EigenDA uses Dual Staking of ETH and EIGEN, where EIGEN stakers can be forked for data availability assurances. Rollups are also allowed to integrate their own token quorum so that DA commitments are validated by both the default EigenDA quorum and the custom rollup quorum.

While native rollup staked tokens and the unknown DeFi risk profile of EIGEN may introduce moderate initial risks, the strong quorum composition and the ability to soon slash intersubjective faults through the sovereign token establish a robust business model, where all quorums must be compromised in order for EigenDA to fail, which appears challenging to execute.

Being mindful in setting a biased staking balance in favor of ETH is strongly advised for added security, particularly at the early stage of an AVS.

Protocol Security

Code Audits & GitHub Code Coverage
medium risk

One code audit performed by one entity only.

Code coverage percentage measures the extent of EigenDA code tested by automated tests, calculated as the ratio of tested lines or branches to the total in the codebase. Higher percentages suggest more comprehensive testing and a reduced likelihood of latent bugs in EigenDA. It sits at around 55%, as of 11/18/2024.

view github

Operator Profile

Reputation & Entrenchment Status
high risk

Since we are at the very early stages of EigenLayer, operators' performance reputation was classified as unknown. Operator's entrenchment level indicates how entrenched EigenDA's operators are validating other AVSs. The small number of AVSs currently live helps exacerbate this risk, in a pooled security context.

All AVSs are assigned a high operator profile risk at this early stage.

view full operator list

EigenDA Protocol

Rollups

Blob Sequencer Decentralization & Bandwidth Reservation
low risk

EigenDA allows rollup nodes to interact directly with a majority of EigenDA nodes, alleviating centralization pressures by bypassing the need for a single leader to order the data. Existing solutions rely on a single leader to sequence blobs, introducing a potential censorship chokepoint.

Furthermore, rollups on EigenDA can now reserve a chunk of bandwidth (1MB/s, e.g), helping alleviate current data congestion issues, surge pricing, and fluctuating gas fees — throughput is greatly increased as a result.

Disperser

Disperser Communication & Security Status
medium risk

EigenDA's Disperser sends blobs straight to its operators through direct communication (unicast). In traditional methods, operators receive data blobs from peers and re-broadcast them to others, impacting liveness. Furthermore, the Disperser is built on KZG commitments and multi-reveal proofs rather than fraud proofs, making it possible to instantly verify correctness of coding.

Disperser permissionlessness and DAS (data availability sampling) for data verifiability are next in the roadmap. Currently, EigenDA uses a single permissioned Disperser to send data to its nodes, causing a liveness bottleneck. Once permissionless payments go live, the Disperser will be made permissionless, allowing any rollup sequencer to operate its own. Additionally, its usage of KZG polynomial coding ensures compatibility with DAS, to enhance verifiability, on a next release.

For more details, check eigenda.wtf and its blob explorer here.

BFT Validator Profile

Decentralization & Security Status
low risk

BFT consensus imposes minimum thresholds of 1/3 and 2/3 validator agreement for liveness and safety guarantees, respectively.

EigenDA has introduced new low node requirements to promote decentralization and increased throughput. The minimum node requirement for validator participation is only 0.5MB/s (three orders of magnitude lower than current standards); the more stake delegated, the more node bandwidth becomes available.

At scale, TEE and DVT would potentially still be worth considering.

Have a question or feedback about AVS risks? Get in touch.

Operators for EigenDA (top 20)

# operator group TVL
1
ether.fi ether.fi
info
ether.fi-1 - Pier Two ($1.00B)
ether.fi-2 - P2P.org ($918.0M)
ether.fi-10 - Node.Monster ($824.2M)
ether.fi-4 - Finoa ($809.7M)
ether.fi-3 - DSRV ($705.6M)
ether.fi-11 - Validation Cloud ($580.7M)
ether.fi-6 - A41 ($424.4M)
ether.fi-5 - Cosmostation ($339.7M)
ether.fi-8 - DSRV ($248.3M)
ether.fi-7 - Chainnodes ($224.2M)
ether.fi-12 ($162.0M)
ether.fi-9 - Nethermind ($116.0M)
$6.36B
2
Kelp Kelp
info
Kelp by Kiln ($966.5M)
Kelp by Luganodes ($699.0M)
$1.67B
3
EigenYields EigenYields
$1.62B
4
Renzo Renzo
info
Renzo by Figment ($497.3M)
Renzo by HashKey ($253.3M)
Renzo by Pier Two ($249.8M)
Renzo by P2P.org ($168.5M)
Renzo by Luganodes ($104.1M)
Renzo ezEIGEN ($19.4M)
Renzo $EIGEN by P2P ($6.47M)
$1.30B
5
P2P.org [all AVS] P2P.org
$1.19B
6
Unit 410
info
Unit 410 [1A] ($127.2M)
Unit 410 [3B] ($120.0M)
Unit 410 [3C] ($110.0M)
Unit 410 [3D] ($100.0M)
Unit 410 [3A] ($76.4M)
Unit 410 [3E] ($67.0M)
Unit 410 [3F] ($60.0M)
Unit 410 ($52.4M)
Unit 410 [2A] ($23.9M)
$737.0M
7
Eigenpie Eigenpie
$676.2M
8
Kraken
$532.3M
9
Coinbase Coinbase
info
Coinbase ($162.3M)
Coinbase [1] ($95.9M)
Coinbase [5] ($91.3M)
Coinbase [2] ($60.6M)
Coinbase [4] ($55.3M)
Coinbase [3] ($53.5M)
$518.9M
10
Puffer Puffer
info
Puffer - P2P ($284.5M)
Puffer - InfStones ($64.9M)
Puffer ($27.0M)
Puffer - Everstake ($17.1M)
Puffer - A41 ($9.10M)
Puffer - Hashkey Cloud ($8.75M)
Puffer - CoinSummer ($8.38M)
$419.7M
11
mETHProtocol
info
mETHProtocol-A41 ($207.8M)
mETHProtocol-P2P ($207.8M)
$415.6M
12
InfStones Enterprise InfStones
$270.7M
13
Twinstake
$261.7M
14
Swell Swell
info
Swell - InfStones ($93.3M)
Swell - P2P ($27.1M)
Swell - Luganodes ($21.5M)
Swell - Pier Two ($21.5M)
Swell - Finoa ($21.5M)
Swell - Chorus One ($21.5M)
Swell - Everstake ($21.5M)
Swell - A41 ($21.5M)
$249.6M
15
Kiln Kiln
$230.7M
16
Staked Staked
$148.3M
17
Galaxy Galaxy
$127.5M
18
RockX
$127.1M
19
CoinSummer CoinSummer
$115.5M
20
AltLayer AltLayer
$106.7M

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