u--1: EigenDA

EigenDA AVS on EigenLayer

EigenDA

Total restaked ($)
info
Total value of restaked assets (excluding EIGEN)
:
$11.60B
ETH restaked
info
Total restaked beacon ETH and LSTs, denominated in ETH
:
3,288,268.282
Total operators: 261
Total stakers: 162,185

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

Risk analysis (beta)
risk analysis by tokensight

AVS

Business Model

Dual Staking + Dual Quorum
medium risk

Dual Staking involves moderate risk as it relies on both ETH restakers and rollup native token stakers, adding complexity to token security and value dynamics. EigenDA also features a Dual Quorum system, where two independent quorums (ETH quorum + Rollup quorum) attest to availability of data. Both quorums must be compromised for EigenDA to fail.

Protocol Security

Code Audits & GitHub Code Coverage
medium risk

One code audit performed by one entity. More entities performing code audits would be advised.

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 56%, as of 6/24/2024.

view github

Operator Profile

Reputation & Entrenchment Status
high risk

Since we are at the very early stages of EigenLayer, operators' reputation was classified as unknown. Operator's entrenchment level indicates how entrenched EigenDA's operators are on 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 Status
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.

Disperser

Disperser-to-Node Communication Type
low 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 system liveness.

BFT Validator Profile

Decentralization & Security Status
medium risk

On top of the existing 1/3 or 2/3 stake attack thresholds (depending on the attack type) BFT consensus imposes, TEE & DVT are additional security measures worth considering for EigenDA:

  • TEEs (Trusted Execution Environments) consist of secure portions of hardware that generate and store validator keys and databases of previously signed data, in a secure manner without compromising scalability.
  • DVT (Distributed Validator Technology) incentivizes client diversity through the distribution of the validation process across multiple operators, reducing the risk of a single chokepoint in case of failure/corruption.

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

Operators for EigenDA (top 30)

# operator group TVL ETH EIGEN
1
ether.fi ether.fi
info
ether.fi-1 - Pier Two (188K ETH)
ether.fi-8 - DSRV (165K ETH)
ether.fi-2 - P2P.org (138K ETH)
ether.fi-4 - Finoa (117K ETH)
ether.fi-3 - DSRV (107K ETH)
ether.fi-6 - A41 (94K ETH)
ether.fi-5 - Cosmostation (68K ETH)
ether.fi-7 - Chainnodes (60K ETH)
ether.fi-11 - Validation Cloud (59K ETH)
ether.fi-9 - Nethermind (50K ETH)
ether.fi-10 - Node.Monster (44K ETH)
$3.84B 1.09M 2.13M
2
Renzo Renzo
info
Renzo by P2P.org (88K ETH)
Renzo by Luganodes (88K ETH)
Renzo by Pier Two (82K ETH)
Renzo by Figment (79K ETH)
Renzo by HashKey (66K ETH)
Renzo $EIGEN by P2P (2K ETH)
$1.43B 405K 835K
3
P2P.org [all AVS] P2P.org
$1.29B 365K 8.22M
4
Eigenpie by P2P.org Eigenpie by P2P.org
$913M 259K 5.92M
5
Kelp Kelp
info
Kelp by Luganodes (127K ETH)
Kelp by Kiln (114K ETH)
$850M 241K 56K
6
EigenYields EigenYields
$608M 172K 11.3M
7
InfStones Enterprise InfStones Enterprise
$408M 116K 5K
8
Puffer Puffer
info
Puffer - P2P (36K ETH)
Puffer (23K ETH)
Puffer - InfStones (22K ETH)
Puffer - Hashkey Cloud (10K ETH)
Puffer - Everstake (8K ETH)
Puffer - A41 (8K ETH)
Puffer - CoinSummer (6K ETH)
$395M 112K 4.59M
9
Arthapala Arthapala
$166M 47K 320K
10
CoinSummer Labs CoinSummer Labs
$165M 47K 3.70M
11
AltLayer AltLayer
$161M 46K 5.98M
12
InfStones InfStones
$159M 45K 4.46M
13
Galaxy Galaxy
$157M 45K 1.14M
14
Staked Staked
$144M 41K 1.76M
15
Kiln Kiln
$132M 37K 1.07M
16
stakefish
$122M 35K 43K
17
Black Sand
$74.6M 21K 4.16M
18
RockX
$52.4M 15K 270K
19
HashKey
$49.7M 14K 84K
20
stakehouse
$47.4M 13K 442K
21
Chorus One
$36.1M 10K 463K
22
Dashmaster
$33.8M 10K 71K
23
Figment
$26.1M 7K 108K
24
Allnodes
$25.5M 7K 190K
25
Unit 410 [1A]
$23.0M 7K 0
26
Nethermind
$22.2M 6K 244K
27
ChainUp Cloud
$21.3M 6K 638
28
Attestant
$20.9M 6K 3K
29
Frax
$15.6M 4K 7K
30
Unit 410 Alpha
$14.7M 4K 686K

Research