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Analysis: Over 5.4 billion dollars in assets urgently withdrawn from Aave, protocols like Spark take on lending demand.

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PANews
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4 hours ago
AI summarizes in 5 seconds.

PANews April 19 news, according to on-chain analyst Yu Jin's monitoring, for risk aversion purposes, over 5.4 billion dollars in assets were urgently withdrawn from Aave after hackers borrowed a large amount of ETH by illegally minting rsETH collateralized through Aave. Among them, Sun Yuchen also retrieved his 65,584 ETH (155 million dollars) from Aave. The remaining on-chain lending demand has surged into protocols like Spark: demand pushed the ETH deposit rate on Spark to a peak of 130%. It is still at 18% now.

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