Aave Funds Continue to Flow Out, Total Deposits Drop to Approximately $30.7 Billion

According to on-chain analyst Yu Jin, funds on Aave are still flowing out continuously, with $15.1 billion withdrawn over the past three and a half days: total deposits have decreased from $48.5 billion before the Kelp security incident to the current $30.7 billion, representing a loss of nearly one-third of the funds. The situation on the other two mainstream lending platforms is as follows:

1. Morpho: Total deposits decreased from $11.7 billion before the rsETH incident to the current $10.2 billion, with an outflow of $1.5 billion.

2. Spark: The TVL of SparkLend's business increased from $1.9 billion before the rsETH incident to the current $3.2 billion, with an inflow of $1.3 billion.

Spark has absorbed some of the funds withdrawn from Aave by large whales/institutions (such as Justin Sun and the whale that bought the dip with $500 million in February, etc.).