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Kraken Redeems $107M in ETH from EigenCloud as Restaking TVL Drops 64%

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Kraken redeemed 50,600 ETH (approximately $107 million) from EigenCloud 11 hours ago, according to ETH analysis from Odaily. Restaking TVL has declined by 64% since August 2025, dropping from $31 billion to $11 billion. EigenCloud’s TVL is now at $5.5 billion, down from $22 billion. ETH price movements continue to impact restaking activity as market conditions evolve.

Odaily Planet Daily reports, according to crypto analyst Ember@EmberCN, 11 hours ago, Kraken redeemed 50,600 ETH from the restaking project EigenCloud (formerly EigenLayer), worth approximately $107 million.

Yujin noted that the total TVL in the restaking sector has declined from approximately $31 billion in August 2025 to around $11 billion currently; among this, EigenCloud, the market leader, has seen its TVL drop from approximately $22 billion to $5.5 billion.

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