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Aave's single-day TVL decline has expanded to 21.6%, now approximately $20.7 billion.
Mars Finance reports that on April 19, following the KelpDAO hacker incident which caused approximately $177 million to $200 million in bad debt for Aave, a large number of whales withdrew funds from Aave for risk aversion. According to Defillama data, affected by this, Aave’s total value locked (TVL) has continued to decline from about $22 billion this morning, now reported at approximately $20.7 billion, a decrease of about 21.6% from yesterday’s approximately $26.4 billion.