EigenCloud, operating on the Ethereum blockchain, has experienced a significant decrease in its total value locked (TVL), which now stands at $8.14 billion. Over the past 24 hours, the platform saw a decline of $1.4 billion, marking a 16.81% drop. The seven-day change is even more pronounced, with a $2.9 billion decrease, equating to a 36.13% reduction. This decline reflects broader market volatility affecting the restaking category.