TechFlow News: On May 26, blockchain analyst Yu Jin (@EmberCN) reported that, 11 hours ago, the exchange Kraken redeemed 50,600 ETH from the restaking project EigenCloud, valued at approximately $107 million. Data shows that the total value locked (TVL) in the restaking sector has declined from roughly $31 billion in August last year to about $11 billion currently; EigenCloud’s TVL has similarly dropped from approximately $22 billion to around $5.5 billion.
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