EigenCloud, operating on the Ethereum blockchain, has experienced a significant decrease in its total value locked (TVL), which now stands at $10.49 billion. Over the past 24 hours, the platform saw a decline of $681.4 million, marking a 6.5% drop. Over the past week, the TVL has decreased by $1.7 billion, representing a 16.21% reduction. This decline highlights the current volatility in the restaking category on Ethereum.