Newton Gitonga
EigenLayer’s native token EIGEN has officially launched on Google Cloud’s Web3 faucet to streamline blockchain testing for developers.
With this integration, anyone using the Ethereum Hoodi Testnet can request EIGEN test coins directly within Google Cloud.
$EIGEN is now LIVE on Google Cloud’s Web3 Faucet!
Developers can request EIGEN tokens (on Ethereum Hoodi Testnet) directly through @googlecloud, making it seamless to build, test, and deploy.
No custom setups or manual faucets, everything happens right inside the dev
That smoothens developer activity as it alleviates the challenges of creating customized tools or utilizing external faucets.
Meanwhile, this alliance positions EIGEN among the Web3 projects using Google Cloud to decentralized on-chain development through magnified accessibility.
The update coincided with the altcoin’s bullish performance.
EIGEN gained over 2% on the daily timeframe as it experienced reinvigorated trader and investor enthusiasm.
Understanding faucet
We may have to understand what a testnet is first. Well, a testnet is a platform used for blockchain experimentation.
On the other hand, a faucet is an innovative tool utilized for distributing free tokens on testnets.
Developers leverage these tokens to simulate multiple blockchain activities, including running tests, debugging code, and deploying smart contracts.
At the moment, Google Cloud’s faucet supports top testnet platforms like Sepolia and Holesky, which offer Web3 creators a lucrative environment to test their new projects.
EIGEN integration adds to this flexibility, streamlining activity for creators building with EigenLayer’s ecosystem.
Remember, testnet tokens have no fiscal value. They are only for experimentation.
Nonetheless, they remain paramount in ensuring applications and smart contracts function correctly before debuting on the primary blockchain.
How do faucets work?
Faucets maintains the user-friendliness that Web3 promises.
Developers only need to choose their desired testnet, the Ethereum Hoodi in this case, and fill in their address.
After that, the faucet automatically sends EIGEN test tokens to the wallet.
Notably, everything is automated and happens within Google Cloud’s developer environment.
That eliminates the need for third-party tools or manual configuration.
Devs can even use an RPC endpoint or a blockchain explorer to track the transactions.
EIGEN pushes Web3 adoption
EigenLayer’s latest integration is a crucial step toward Web3 mainstream acceptance.
Multiple blockchain developers are already leveraging Google Cloud for infrastructure, data storage, and analytics.
Fantom, which rebranded to Sonic, integrated Google Cloud’s AI to incentivize developer activity.
Moreover, Google Cloud launched its blockchain platform to disrupt the global payment sector by challenging established projects like Ripple, Stripe, and Circle.
For EIGEN, joining Google Cloud’s faucets enhances its visibility to potential partners and developers.
That signals the crypto’s increasing relevance in the decentralized sector.
EIGEN price outlook
EigenLayer’s native token rallied over 2% the previous 24 hours to trade at $1.07.
EIGEN has struggled amid the current broader market weakness.
The virtual coin has lost 10% and over 35% the past week and month.
Further, the 37% dip in daily trading volume signals weakness.
Thus, EIGEN’s current uptick could be short-lived amid immense selling pressure.
While Google Cloud’s integration has renewed sentiments for the digital token, it requires broad-based surges to shift to a bullish trajectory.
The post EIGEN goes live on Google Cloud’s Web3 faucet to boost developer testing appeared first on Invezz
