Token unlocks have the power to move markets. They inject fresh liquidity, trigger price swings, and influence investors' feelings about a project.

TL;DR The drop of ASTR to $0.02 on April 7 led Astar to cut base staking rewards from 25% to 10% to stabilize APR. Astar raised the variable portion of staking rewards for dApps from 40% to 55%, ties issuance to TVL, and does not affect developers. It set a minimum issuance floor of 2.

Blockchain firm Astar Network implemented changes to its tokenomics to reduce inflationary pressures in its ecosystem. On April 18, Astar Network announced that it has reduced the blockchain's base staking rewards from 25% to 10% to curb token inflation.

TL;DR EigenLayer activated slashing, a feature that allows penalizing malicious operators by removing part or all of their restaked collateral. Each validated service will be able to define its own penalty rules, enabling a progressive and controlled implementation.

TL;DR Soneium, developed by Sony Block Solutions Labs, has slashed transaction finality time from 15 minutes to under 10 seconds. This breakthrough is made possible through a new partnership with AltLayer and EigenLayer, utilizing restaking technology and decentralized validators.

The crypto market's volatility continues, compounded by the absence of bullish signals from broader financial markets. While altcoins are becoming less dependent on external developments, they are increasingly relying on internal network progress to drive price movement.

This week, several top crypto news events are in the lineup, with stories spanning various ecosystems and having price implications for concerned tokens. From Jupiter and Orca decentralized exchanges (DEX) to PolitiFi meme coin TRUMP, multiple developments are already in the pipeline.

The Astar Contribution Score (ACS) campaign significantly boosts the Soneium ecosystem, achieving major milestones and integrating innovative projects at the halfway point of its 100-day run.

Top US-based crypto exchange platform Coinbase is adding three new Ethereum (ETH)-based altcoins to its suite of products, causing the assets to skyrocket.

According to data from Tokenomist, Altlayer (ALT) will lead this week's $253 million unlocks with a substantial cliff-style token release scheduled between March 24 and March 31. The data shows two different types of token releases affecting the market.

EigenLayer has enhanced two major integrations, with Mantle Network and ZKsync adopting EigenDA for data availability and ZKsync also incorporating EigenLayer's Autonomous Verifiable Services (AVSs) for decentralized zero-knowledge (zk) proving. These partnerships expand EigenLayer's role in Ethereum's modular security landscape, reinforcing its position as the leading restaking protocol.

The Astar Contribution Score (ACS) campaign incentivizes innovation across DeFi and gaming by allocating rewards to projects fostering adoption and engagement within the Astar ecosystem.

Token unlocks are events when blockchain projects release previously restricted tokens to the market. These events are carefully planned to manage market impact and volatility.

Astar Network introduces dApp Staking, a novel approach to funding decentralized applications, offering sustainable support for developers and rewards for users.

Astar Network introduces the Astar Contribution Score (ACS) campaign to expand the utility of its native token, ASTR, within the Soneium ecosystem, offering rewards to active participants.

EigenLayer, Polymarket, and UMA have announced a collaboration to research and potentially develop a next-generation oracle system, leveraging EigenLayer's infrastructure.

Users can earn points which can be redeemed for ASTR token by interacting with apps, chains, and DeFi projects on the Soneium network.

TL;DR EigenLayer partners with UMA and Polymarket to create a next-generation oracle system, enhancing prediction market oracles' reliability and functionality. The new oracle system leverages EigenLayer's restaking mechanism and EIGEN token, along with UMA and Polymarket's expertise, to align dispute resolutions with community consensus.

EigenLayer, Polymarket, and UMA have announced a collaboration to explore and potentially develop a next-generation oracle system. The post EigenLayer, Polymarket, and UMA Join Forces to Develop Next-Gen Oracle System appeared first on Cryptonews.

The collaboration remains in the research and development phase, with details on technical architecture and launch dates yet to be disclosed.

Sony Group and Astar Network are launching a campaign with a 100 million ASTR reward to drive adoption and growth on the Soneium ecosystem. According to a press release sent to crypto.

The smart contract platform Moonbeam has introduced Datahaven, a decentralized storage protocol for AI and Web3 applications, in collaboration with Eigenlayer. The solution targets Ethereum layer two (L2) developers, offering secure, censorship-resistant data storage.

The crypto market started the week on a bearish note, with Bitcoin slipping below $98,000 during today's intraday low. This downward pressure has extended to altcoins, many of which are experiencing significant corrections.

TL;DR EigenLayer has launched its Rewards v2 upgrade on the Ethereum mainnet, enhancing flexibility, efficiency, and customization in the reward system. Key features include operator-specific rewards, variable fees for Actively Validated Services (AVSs), and batch reward collection to reduce gas fees.

Astar Network partners with Sony Block Solutions Labs to integrate with Soneium Mainnet, enhancing interoperability and scalability within the Ethereum ecosystem.

Cryptocurrencies remained on edge last week as the volume dried up because of the Christmas holidays. The Santa Claus rally pushed Bitcoin (BTC) close to the $100,000 level and then the momentum faded, pushing it below $95,000.

EigenLayer's adoption surge is a sign of its growing influence in the Ethereum staking ecosystem.

Wormhole is working with Nuffle Labs on a solution to expand EigenLayer's restaking functionality beyond the Ethereum ecosystem.

Eigen Foundation has announced that it will commit 1% of all EIGEN token supply to Protocol Guild, an on-chain fund for maintaining the Ethereum Layer-1 network. The foundation which supports the restaking platform, Eigen Layer, announced this on X, noting that it is committed to Ethereum security.

The Eigen Foundation has announced its commitment to allocate 1% of its EIGEN token supply to the Ethereum Protocol Guild.

Astar (ASTR), the cross-chain Web3 collective network, has unveiled Astar Surge, an innovative pre-deposit campaign set to accelerate the integration with Soneium, according to the updates shared with Finbold on Friday, December 13.

The Eigen Foundation has committed 1% of its EIGEN token supply to the Protocol Guild, a group dedicated to Ethereum Layer-1 research and development. According to CryptoSlate data, the EIGEN token has a total supply exceeding 1.6 billion.

EigenLayer's total value locked (TVL) currently stands at over $18 billion.

According to data from CoinMarketCap, there are approximately 210 million EIGEN tokens in circulation, with a total supply of 1.68 billion.

The declining momentum has raised concerns within the crypto market, making the continuation of the altcoins' uptrend more reliant on upcoming network developments and demand.

TL;DR Anchorage Digital now supports Liquid Collective's liquid-staked ETH (LsETH), allowing institutional clients to stake Ethereum and receive LsETH, representing staked ETH and accrued rewards. Institutions can earn Ethereum network rewards while retaining the flexibility to sell, transfer, or deploy their staked tokens, and can restake LsETH on EigenLayer for additional rewards.

Bitcoin traded near $96,000 on Wednesday, rebounding from this week's pullback that briefly disrupted its record-breaking run. The flagship cryptocurrency climbed 3% to $95,766.70, while the broader crypto market, tracked by the CoinDesk 20 index, rose 7%, signaling renewed investor optimism.

PEPE meme coin crashed 2.56% in the past day after a super PEPE whale sold a massive 74.07 billion tokens and bought EIGEN tokens worth $200K.

Amid a highly turbulent crypto market witnessed as the week kicks off, a super Pepe Coin whale shifted focus to EIGEN has sparked significant market discussions. Notably, on-chain data pointed out a massive 130 billion PEPE whale selloff, with the investor simultaneously diversifying his portfolio by buying over 200K of the Ethereum-based token.

TL;DR AltLayer launches “Autonome,” a platform for building and deploying autonomous AI agents. The platform facilitates the creation of intelligent agents that make independent decisions and act within a decentralized ecosystem. Autonome will be a no-code tool, designed for both novice and experienced developers.

AltLayer has announced the upcoming launch of “Autonome,” designed to accelerate the “Verifiable Agentic Web.”

EigenLayer, Ethereum's largest restaking platform, introduces Bitcoin restaking options, including yield opportunities for Wrapped Bitcoin.

TL;DR P2P.org launched the “Operator Allocation Share” program in EigenLayer, allowing its delegators to claim part of a total reward of 828.08 ETH. The platform developed a “Risk Engine” and a rewards management tool to improve security and accessibility in EigenLayer. P2P.

EigenLayer kicked off programmatic EIGEN token incentives for restakers in October.

Researchers Justin Drake and Dankrad Feist stirred up controversy in May after revealing they'd received large token payouts from EigenLayer.

Two Ethereum Foundation researchers Justin Drake and Dankrad Feist have disclosed the decisions to drop their advisorship positions with EigenLayer. The two experts took on this role with the restaking protocol earlier in May 2024 — but much to the disappointment of the crypto community.

Justin Drake has stepped down from his advisory role at EigenLayer just six months after his appointment, following backlash from the crypto community over potential conflicts of interest with his responsibilities at the Ethereum Foundation.