Aave Sees $15.1B Exit in 3.5 Days; Total Deposits Drop to $30.7B

Onchain analyst Ember (@EmberCN) said Aave has faced persistent withdrawals since the rsETH incident, with roughly $15.1 billion leaving the protocol over the past three and a half days. Total deposits fell to $30.7 billion from $48.5 billion prior to the event, a decline of about one-third, including $4.5 billion in stablecoin outflows. Even as funds moved out, Aave's stablecoin deposit yield stayed high at 13.4% APY. Over the same period, Morpho recorded about $1.5 billion in outflows, with deposits sliding from $11.7 billion to $10.2 billion. Spark moved the other way, with TVL climbing from $1.9 billion to $3.2 billion, a gain of around $1.3 billion. Ember attributed part of the increase to reallocations by large holders and institutions, including Sun Zhenyu, who pulled funds from Aave.