Aave's TVL Depletes by Around $15.1 Billion over 3.5 Days, with Some Funds Flowing into Spark

BlockBeats News, April 22nd. According to on-chain analyst Yu Jin, following the rsETH incident, funds continue to flow out of Aave. Aave's total value locked has decreased from a previous $485 billion to $307 billion, with approximately $15.1 billion flowing out in the past three and a half days, representing a loss of nearly one-third. Meanwhile, other major lending platforms have shown disparate performance:

Morpho: The total value locked has decreased from $117 billion before the incident to $102 billion, with outflows of approximately $1.5 billion.

Spark: The TVL of its SparkLend business has increased from $19 billion before the incident to $32 billion, experiencing a counter-trend growth of around $1.3 billion.

Spark has attracted some of the whales and institutional funds that withdrew from Aave, including Justin Sun and a whale who bottomed out with $5 billion in February this year.