Since April 18, Spark has posted strong net inflows, while Aave has seen redemption-driven outflows, indicating a shift of capital within decentralized finance.
Spark has recorded $2.4 billion in net deposit inflows since April 18, according to the provided data. That total is described as roughly 15% to 20% of Aave’s net outflow from redemptions over the same period, suggesting that part of the capital leaving Aave may be rotating into Spark. The source also says at least 20 individual wallet addresses have each made net deposits of more than $20 million into Spark. In decentralized finance (DeFi) (blockchain-based financial services), large deposit movements can signal changing user preferences around lending markets, yield opportunities, or risk management, although the source does not specify the reason for the shift.