Aave has experienced significant outflows, with total deposits falling to $30.7 billion, down from $48.5 billion prior to the Kelp security incident. This marks a withdrawal of $15.1 billion over the past three and a half days, representing a loss of approximately one-third of its funds.
In contrast, other lending platforms have seen varied impacts. Morpho's total deposits decreased from $11.7 billion to $10.2 billion, with $1.5 billion in outflows. Meanwhile, SparkLend's total value locked (TVL) rose from $1.9 billion to $3.2 billion, as it absorbed funds withdrawn from Aave by major whales and institutions.
Aave Deposits Plummet to $30.7 Billion Amid Massive Withdrawals
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