EigenCloud Defies Market Turmoil with Double-Digit Rebound

EigenCloud has emerged as one of the few crypto tokens to stage a double-digit rebound despite ongoing market turmoil.

The recent rally reflected stronger on-chain capital flows, with more funds moving into the protocol. Total Value Locked (TVL), which tracks capital deposited across the protocol, climbed over the past week from $4.366 billion to $4.719 billion as more liquidity entered the ecosystem.

This increase reinforced a bullish outlook for $EIGEN, with over $353 million flowing into EigenCloud over the period.

The rise in TVL typically indicates growing medium-to-long-term conviction among investors, who committed capital to the protocol instead of rotating elsewhere. The sharp increase also coincided with a positive Funding Rate, which rose to around 0.0040%.