Kraken redeemed 50,600 ETH from EigenCloud 11 hours ago, equivalent to approximately $107 million.

CoinFeed reported on May 26 that, according to on-chain analyst Yu Jin, 11 hours ago, the exchange Kraken redeemed 50,600 ETH (US$107 million) from the restaking project EigenCloud. The total TVL (TVL) of the restaking sector has decreased from US$31 billion in August last year to US$11 billion, while the TVL of leading project EigenCloud (formerly Eigenlayer) has decreased from US$22 billion to US$5.5 billion.