ME News report, April 24 (UTC+8), according to defioasis data, since April 18, the net inflow of funds into the Spark protocol has reached $2.4 billion, equivalent to about 15% to 20% of the net outflow from Aave redemptions. Data shows that at least 20 single addresses have deposited over $20 million net into Spark after April 18, with Spark PSM being the largest net deposit address and also one of the largest entities redeeming funds from Aave. Mellow Finance has deposited all of the over $180 million redeemed from Aave into Spark; Instadapp's large net deposit into Spark exceeds $88 million. Additionally, aside from DeFi protocols, many whale addresses that redeemed from Aave have also deposited funds into Spark. (Source: MLion)

SPK-3.07%
AAVE0.92%
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MeNews
Since April 18, Spark Protocol has experienced a net inflow of $2.4 billion.
ME News reported on April 24 that, according to Defi Oasis data, Spark's net deposits have reached $2.4 billion since April 18, accounting for approximately 15–20% of Aave's net redemptions. Multiple addresses have net deposits of over $20 million to Spark, with Spark PSM being the largest net deposit address. Mellow Finance and Instadapp have injected over $180 million and $88 million net into Spark, respectively, and some whales redeeming from Aave have also moved to Spark.
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MirrorBallRolling
· 07-02 18:00
Spark’s capital-absorbing power is really fierce this wave—$2.4 billion goes straight into Aave’s 15%-20%. PSM, Mellow, Instadapp, and other institutions are all rushing/migrating over like crazy. Is the Maker ecosystem about to take off again?
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0xLateCoffee
· 07-02 17:59
Redeemed 180 million from Aave and deposited all into Spark. Mellow's move is too real. Now let's see if Spark can handle this wave of TVI, and not just let it flow in without flowing out, eventually turning into stagnant water.
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BetaParanoiac
· 07-02 17:59
Whales are voting with their feet — just redeemed from Aave, then rushed into Spark. Looks like the DSR yield is still attractive. But with such concentrated inflows, risks need to be monitored closely.
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