Aave's total value locked (TVL) has plummeted to $17.947 billion, marking a significant decrease of $8.45 billion over the past two days, according to Lookonchain data. This decline is part of a broader trend in the decentralized finance (DeFi) sector, where the total TVL across all DeFi protocols has fallen from $99.497 billion to $86.286 billion, a reduction of $13.21 billion.