Aave V3, a multi-chain lending protocol, has experienced a significant decrease in its total value locked (TVL), which now stands at $27.36 billion. Over the past 24 hours, the TVL has dropped by $618.6 million, marking a 2.26% decline. Over the past week, the protocol has seen a more substantial decrease of $1.5 billion, or 5.65%. Aave V3 operates across multiple blockchain networks, including Ethereum, Arbitrum, Avalanche, Binance, and Polygon, among others.