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Aave funds continue to flow out, with total deposits dropping to $30.7 billion
Golden Finance reports that on April 22, according to on-chain analyst Yu Jin’s monitoring, due to the rsETH incident, funds on Aave continued to flow out.
Aave’s total deposits have decreased from the previous $48.5 billion to $30.7 billion, with approximately $15.1 billion flowing out in three and a half days, nearly one-third of the total.
Meanwhile, other major lending platforms showed mixed performance:
Morpho: total deposits dropped from $11.7 billion before the incident to $10.2 billion, a outflow of about $1.5 billion.
Spark: its SparkLend TVL increased from $1.9 billion before the incident to $3.2 billion, a countertrend growth of about $1.3 billion.
Spark attracted some of the whales and institutional funds that withdrew from Aave, including Justin Sun and a whale who previously invested $500 million in February this year.