Puffer Highlights Analysis: Can Token Prices Surpass Eigenlayer and Become a New Staking Noble?

Introduction to Puffer Finance Project

 

Puffer Finance is a decentralized native liquid re-staking protocol (nLRP) built on the Eigenlayer, aimed at reducing the funding threshold and improving capital efficiency, allowing Ethereum validators and stakers to participate in the Ethereum network at a lower cost and obtain more profits. Puffer's permissionless design allows anyone to participate in node operations without relying on traditional centralized services. Through its unique hardware support, Puffer provides innovative anti-confiscation technology and simplifies the process of customer engagement for Ethereum staking and re-staking.

 

Puffer has also launched the native liquid re-staking token pufETH, which not only allows stakers to instantly receive PoS rewards, but also enjoys additional benefits from re-staking. The protocol is committed to reducing the risk of node operation through decentralization and economic guarantee mechanisms, and providing more security for the Ethereum network.

II. Puffer Finance Project Highlights

 

Permissionless staking and re-staking: Puffer is the first permissionless Ethereum native liquid re-staking protocol, allowing anyone to participate in Ethereum node operations with a funding threshold as low as 1 ETH, greatly improving capital efficiency.

 

Anti-forfeiture technology: Puffer's Secure-Signer technology is based on Intel SGX hardware, which can effectively reduce the risk of validators being forfeited, providing higher financial security for node operators and stakers.

 

PufETH Liquid Token: Puffer offers pufETH as a native liquid re-staking token, where stakers can not only receive PoS rewards, but also additional income through re-staking. This dual reward mechanism greatly enhances the attractiveness of staking.

 

Efficient capital utilization: Through Puffer's design, node operators need less than 2 ETH to run a full 32 ETH validated node, significantly reducing funding requirements and increasing potential returns for participants.

 

Strong community support: Puffer is community-driven and continuously enhances the interaction and co-construction between the community and the protocol through point incentives and ecological expansion.

 

Well-known capital support: Puffer has received investments from well-known crypto funds including Brevan Howard Digital, Electric Capital, Coinbase Ventures, and traditional financial giant Franklin Templeton, demonstrating its strong potential for future development.

 

Through these innovative points, Puffer Finance has a unique competitive advantage in the Ethereum staking and re-staking track, and provides stakers and node operators with a more attractive and secure way to participate.

 

III. Market value expectations

 

Puffer Finance ($PUFFER) is a decentralized native liquid re-staking protocol based on the Eigenlayer. Its goal is to lower the threshold for participating in the Ethereum network and improve the capital efficiency of stakers and node operators through innovative staking and re-staking mechanisms. Currently, the token unit price and circulating market value of $PUFFER have not been disclosed, but it is known that its total supply is 1 billion, with an initial supply of 102.30 million. To predict the potential token price and market value of $PUFFER, we can conduct benchmarking analysis with other similar projects.

 

Benchmark project:

 

Eigenlayer ($EIGEN) : Ethereum Re-Pledge Market, with a circulating market cap of 678 million USD, a circulating supply of 186,582,000 tokens, a total supply of 1,681,371,191.369 tokens, and a token unit price of 3.64 USD.

 

ALT ($ALT) : The execution and elastic scaling layer of the blockchain, with a circulating market value of $283 million, a circulating amount of 2,282,474,196.407 coins, a total supply of 10,000,000,000 coins, and a token unit price of $0.124219.

 

ETHFI ($ETHFI) : Decentralized staking protocol with a market cap of 303 million USD, a circulation of 190,051,505 tokens, a total supply of 1,000,000,000 tokens, and a token unit price of 1.59 USD.

 

Assuming the market value of Puffer Finance reaches the level of these benchmark projects, the expected price and increase of the $PUFFER token are as follows:

 

Benchmarking Eigenlayer ($EIGEN) : The circulating market cap is $678 million, and the $PUFFER token price is about $6.63.

 

Benchmark ALT ($ALT) : The circulating market cap is $283 million, and the $PUFFER token price is about $2.77.

 

Benchmarking ETHFI ($ETHFI) : The circulating market cap is $303 million, and the $PUFFER token price is about $2.96.

 

By comparing the market value levels of decentralized staking and blockchain scaling protocols such as Eigenlayer, ALT, and ETHFI, we can foresee the market potential of Puffer Finance ($PUFFER) in the future. In particular, Puffer Finance's permissionless staking, liquidity re-staking, and anti-confiscation technologies have built significant competitive advantages for it.