Aave TVL Evaporates $8 Billion in a Single Day, Token Plummets Nearly 20%

BroadChain has learned that at 12:16 on April 20, according to Cointelegraph, following the $293 million attack on Kelp DAO, users withdrew billions of dollars from the Aave lending protocol, causing its Total Value Locked (TVL) to evaporate by approximately $8 billion in a single day. As a result, the price of the Aave token plummeted nearly 20% within just 24 hours, dropping to $89.5.