Spark TVL Rises $668 Million to $4.395 Billion After Aave Event

DefiLlama (decentralized finance data tracker) data on April 21 showed that Justin Sun contributed $174 million in deposits, accounting for 26% of the increase.

AAVE

Summary

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Terms & Concepts
  • TVL: Total value locked, or the total value of assets deposited in a decentralized finance protocol.
  • Aave: A decentralized lending protocol that lets users lend and borrow crypto assets on blockchain networks.
  • DeFi: DeFi (blockchain-based financial services) refers to financial applications built on public blockchains without traditional intermediaries.