Aave V3, a multi-chain lending protocol, experienced a significant decrease in its total value locked (TVL), dropping by $1.9 billion, or 6.42%, in the past 24 hours. The current TVL stands at $29.46 billion. Over the past week, the protocol has seen a total decline of $3.5 billion, equating to an 11.81% reduction. Aave V3 operates across multiple blockchain networks, including Ethereum, Arbitrum, Avalanche, Binance, and Polygon, among others.