Deep Tide TechFlow News, May 18th, on-chain analyst Tom Wan posted on X platform that the current ETH utilization rate has fallen below 90%, and lending APY has dropped to 1.9%. Since the rsETH LayerZero cross-chain bridge was attacked, the deposit scales of wstETH and weETH have decreased by approximately $1.2 billion and $1.76 billion respectively. As the wstETH/weETH leverage cycle strategy for ETH resumes profitability, market focus shifts to whether ETH's leverage demand will return or if funds will continue to wait on the sidelines or flow into protocols like Spark and Morpho.

ETH-3.25%
ZRO1.92%
WEETH-2.37%
SPK-2.66%
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