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Aave Records $15.1 Billion in Outflows as SparkLend Draws $1.3 Billion

Over roughly 3.5 days, Aave’s total deposits fell sharply while SparkLend’s TVL (total value locked) increased, indicating a notable shift in on-chain lending capital.

Summary

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Terms & Concepts
  • TVL (total value locked): The total value of assets deposited in a DeFi (decentralized finance) protocol, often used to measure platform size and activity.
  • Aave: A decentralized lending protocol that lets users deposit crypto to earn yield or borrow against collateral on-chain.
  • SparkLend: A crypto lending protocol where users supply and borrow digital assets, with growth often tracked through TVL and net inflows.