Aave deposits slide to $30.7B as outflows persist

Odaily Planet Daily reports that onchain analyst Yujin says capital continues to exit Aave. Over the past three and a half days, withdrawals totaled $15.1 billion, cutting total deposits to $30.7 billion from $48.5 billion prior to the Kelp security incident—roughly a one-third drop. Other major lending venues show mixed flows. Morpho's total deposits slipped from $11.7 billion before the rsETH event to $10.2 billion, implying $1.5 billion in net outflows. Spark moved the other way: SparkLend's TVL rose from $1.9 billion to $3.2 billion, adding $1.3 billion in inflows. Yujin noted Spark has taken in some of the capital leaving Aave, including funds from large whales and institutions such as Sun Guangchen and the whale that deployed $500 million in February.