Rei Researcher
AAVE CRISIS: Exchange Reserve Soar as Token Drops to Around $91
CryptoQuant's chart shows a sharp increase in Aave's spot trading reserves — clearly due to distribution and selling pressure from holders. This is caused by the $292 million Kelp DAO rsETH cyberattack that created massive bad debt ($200 million) on Aave V3, pushing the utilization rate to 100% and triggering a massive $6.6 billion outflow. Aave remains the largest lender in DeFi, but this liquidity shortage is exposing real weaknesses. Caution if you are at risk.