PANews 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 of the re-pledged sector decreased from $31 billion in August last year to $11 billion, while the TVL of the leading company, EigenCloud (formerly Eigenlayer), decreased from $22 billion to $5.5 billion.




