The @eigenlayer story reminds me of the Maple (now Syrup) story.
1. They built within a narrative that had a growing need
- Asset Management for Syrup
- Restaking and Security for EigenLayer
2. Dominated within their respective categories.
- I've pointed out Syrup's insane TVL growth (10x in a year)
- Eigen's growth to over $18B in restaked $ETH
3. Maintaining the lead despite increasing competition, which solidified the narrative.
- Syrup competing against Spark, Morpho, etc.
- Eigen surpassing Karak, and Symbiotic.
4. Token performance validating the success
- $SYRUP 10x over the past year from $50M to $500M
$EIGEN has yet to price their continued success within a growing space, dominance against competitors, and expansion across various verticals.
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