Eigen Labs has introduced Multi-Chain Verification, a significant advancement that allows Actively Validated Services (AVSs) within the EigenLayer ecosystem to operate across a broader range of blockchain networks, moving beyond their previous restriction to Ethereum's Layer 1. This new capability enables AVSs to deploy on Layer 2 networks and other blockchains while maintaining EigenLayer's robust security features.
EigenLayer's core function is to allow users to re-stake ETH, including through liquid staking tokens, to secure these third-party applications. By doing so, the platform creates a shared security layer that reallocates staked ETH across various services beyond just Ethereum. This model has proven highly successful, with EigenLayer currently boasting a Total Value Locked (TVL) of nearly $18 billion worth of ETH, according to The Block's data dashboard.
The latest update is designed to empower AVSs to configure a limited set of contract parameters, making them operational on Layer 2s within a matter of hours. This newfound flexibility offers several key benefits for AVS developers, including reduced costs, improved performance, and expanded reach to users on chains that provide faster and more economical execution environments. Ultimately, this means AVSs can now cater to users on these more efficient Layer 2 solutions.
Eigen Labs emphasizes that this feature preserves the fundamental trust and security guarantees of EigenLayer, even as AVSs extend their operations across different networks.
Multi-Chain Verification is currently available on the Base Sepolia testnet. Eigen Labs anticipates a full mainnet launch and support for additional chains in the coming months, with general availability targeted for the third quarter of this year.
This announcement follows closely on the heels of Eigen Labs' introduction of EigenCloud last month. EigenCloud is a unified, programmable environment that integrates core services such as EigenDA for data availability, EigenVerify for dispute resolution, and EigenCompute for execution.
The strategic timing of these developments coincides with venture firm a16z crypto's recent purchase of $70 million worth of EIGEN tokens, further expanding on its previous lead investment in Eigen Labs' $100 million Series B funding round.
July 2025, Cryptoniteuae