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Is this the end for EigenLayer?
They're currently at -$9.5M in earnings and have lost half of their ETH TVL
I used to be bullish on the AVS and shared security thesis but it feels dead now
They're focusing on their own AVS like EigenDA and EigenCompute, which is only a fraction of what was originally supposed to be built
Eigen made me realize that sometimes you can build something technically superior but if the incentives aren't there it's just not going to work