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Project Overview
EigenCloud (formerly EigenLayer) is a verifiable cloud service platform that provides tools for building verifiable applications and services. Combining EigenDA (data availability), EigenVerify (dispute resolution) and EigenCompute (computation), it supports trust and transparency of on-chain and off-chain applications, and developers can build applications such as decentralized markets, on-chain insurance and verifiable AI.
Kraken Redeems $107M ETH from EigenCloud, Restaking Sector TVL Down Over 64% from Peak
According to Odaily, crypto analyst EmberCN (@EmberCN) reported that 11 hours ago, Kraken redeemed 50,600 ETH from the restaking project EigenCloud (formerly EigenLayer), valued at approximately $107 million.EmberCN noted that the total TVL in the restaking sector has dropped from approximately $31 billion in August 2025 to the current level of around $11 billion. Among them, EigenCloud, as the sector leader, has also seen its TVL decline from about $22 billion to $5.5 billion.
Polychain-related addresses unstaked and redeemed 122 million EIGEN, accounting for 16.5% of circulating supply
According to monitoring by on-chain analyst Yujin @EmberCN, approximately 7 hours ago, a batch of addresses suspected to be related to Polychain unstaked and redeemed 122 million EIGEN from the EigenCloud (formerly EigenLayer) staking contract, valued at approximately $23.88 million. This represents 16.5% of EIGEN's current circulating supply.Currently, the relevant EIGEN remains in these addresses and has not been further transferred. Yujin stated that these tokens originated from investment allocations in 2024, with Polychain being one of the early lead investors in EigenCloud.
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This week, tokens including HYPE, ENA, and RED will undergo large-scale unlocks.
This week, tokens including HYPE, ENA, and RED will undergo significant token unlocks: EIGEN will unlock approximately $7.75 million worth of tokens on June 1, representing 6.55% of its already-released supply; ENA will unlock approximately $3.57 million worth of tokens on June 2, representing 2.57% of its already-released supply; OPN will unlock approximately $4.32 million worth of tokens on June 5, representing 10.89% of its already-released supply; HYPE will unlock approximately $713.8 million worth of tokens on June 5, representing 2.54% of its already-released supply; RED will unlock approximately $4.9 million worth of tokens on June 6, representing 10.87% of its already-released supply.
Kraken Redeems $107M ETH from EigenCloud, Restaking Sector TVL Down Over 64% from Peak
According to Odaily, crypto analyst EmberCN (@EmberCN) reported that 11 hours ago, Kraken redeemed 50,600 ETH from the restaking project EigenCloud (formerly EigenLayer), valued at approximately $107 million.EmberCN noted that the total TVL in the restaking sector has dropped from approximately $31 billion in August 2025 to the current level of around $11 billion. Among them, EigenCloud, as the sector leader, has also seen its TVL decline from about $22 billion to $5.5 billion.
Polychain-related addresses unstaked and redeemed 122 million EIGEN, accounting for 16.5% of circulating supply
According to monitoring by on-chain analyst Yujin @EmberCN, approximately 7 hours ago, a batch of addresses suspected to be related to Polychain unstaked and redeemed 122 million EIGEN from the EigenCloud (formerly EigenLayer) staking contract, valued at approximately $23.88 million. This represents 16.5% of EIGEN's current circulating supply.Currently, the relevant EIGEN remains in these addresses and has not been further transferred. Yujin stated that these tokens originated from investment allocations in 2024, with Polychain being one of the early lead investors in EigenCloud.
Kelp: rsETH Protocol Fully Restored – Deposits & Withdrawals Resumed on Mainnet and L2
Kelp announced on X platform that the rsETH protocol has been fully restored to normal operation. Relevant functions have been brought back online on the mainnet and all Layer 2 networks, with the overall system status returning to normal levels. The rsETH exchange rate was updated at 16:45 CET today, incorporating all staking reward yields accrued during the suspension period. Additionally, EIGEN rewards are now being distributed to rsETH holders, covering the entire suspension period.Furthermore, deposit and withdrawal functions have been reopened on the mainnet and Layer 2 networks, and the asset backing status for rsETH has been fully restored to 100%. The official statement emphasizes that rsETH is now fully collateralized on both the mainnet and L2 networks, and all operational processes have returned to normal.