- EigenLayer price hovered around $2.03, marking a 33% increase after breaking up to a high of $2.09.
- Steps by the US Securities and Exchange Commission to approve a rule-based listing standard supported altcoins.
- The EIGEN price also rose as the Fed cut interest rates,
EigenLayer (EIGEN) is on the rise. Its price hovers near $2.03, up about 33% over 24 hours as a broader altcoin rally gains momentum.
The cryptocurrency market is witnessing a notable resurgence amid the Federal Reserve’s monetary policy shift and a key regulatory development favorable to altcoins.
EigenLayer price jumps 33% to retest key level
While many altcoins saw modest gains in early Thursday trading, EigenLayer’s EIGEN token posted a dramatic 33% surge.
The token climbed from lows near $1.50 to reach a peak of $2.09. The sharp move followed a breakout from a descending triangle pattern, signaling a strong continuation move.
Drivers behind the rally include strategic partnerships and integrations, regulatory progress, and macroeconomic factors.
For instance, on September 17, 2025, the US Securities and Exchange Commission approved generic listing standards for commodity-based trust shares.
This indicates the regulator is adopting a rule-based approach that will streamline approvals for exchange-traded products on platforms such as NYSE, Nasdaq and Cboe Global Markets.
BOOM: SEC has approved the generic listings standards that will clear way for spot crypto ETFs to launch (without going through all this bs every time) under ’33 Act so long as they have futures on Coinbase, which currently incl about 12-15 coins. pic.twitter.com/E9FXrniXRS
— Eric Balchunas (@EricBalchunas) September 17, 2025
EIGEN gained ground as the Federal Reserve’s rate cut supported broader risk appetite, while optimism was further bolstered by EigenLayer’s recent partnership with Google.
Over the past 24 hours, trading in the protocol’s native token surged, with volume peaking at $427 million — a 260% jump that accompanied heightened on-chain activity.
Crypto rally: EIGEN leads altcoin surge
EIGEN’s strong performance is not isolated; it is at the forefront of renewed enthusiasm across altcoins, particularly those in the Ethereum ecosystem.
Tokens tied to layer-2 solutions, DeFi protocols and restaking mechanisms have posted gains between 10% and 25% in the last 24 hours.
Ethereum-linked projects are regaining attention after months dominated by Bitcoin-led momentum, with EigenLayer driving interest through a string of new partnerships.
The protocol recently deepened ties with Moonbeam and Aethir while announcing a collaboration with Google.
As part of this effort, EigenCloud will act as a launch partner for Google Cloud’s new Agent Payments Protocol (AP2), highlighting the project’s expanding role within Ethereum’s broader ecosystem.
$EIGEN PUMPED 40% TODAY 🚀
Why?
• Google’s AP2 makes Eigen the default infra for every AI agent transaction.
• Google, Coinbase, PayPal, AmEx already routing through it.At $700M mcap, Eigen just became the trust layer of the agent economy 🔥 pic.twitter.com/psqJyCmEtg
— Wise Advice (@wiseadvicesumit) September 18, 2025
“AP2 helps create a globally verifiable economy where agents can coordinate, transact and prove their actions to humans and to one another. EigenCloud ensures they remain accountable to any counterparty,” said EigenLayer founder Sreeram Kannan.
Other altcoins that have climbed amid the recent surge include EtherFi and Lido DAO, both posting double-digit gains over the past 24 hours.
Polkadot, Bitcoin Cash, Sui and NEAR Protocol are among the altcoins outperforming the broader market and their peers as altcoins signal renewed momentum.