Aave V3's total value locked (TVL) fell 10.19% over the past 24 hours, declining to $14.605 billion according to DeFiLlama data. The lending protocol now ranks seventh by TVL across all DeFi platforms. The drop triggered DeFiLlama's volatility alert threshold for top protocols, which flags any project ranked in the top 20 experiencing a 24-hour TVL change of ±10% or greater.