Aave V3 Sees $10M Liquidation in a Single Day, Highest Since April
7/12/2024 1:02:00 PM
According to @intotheblock, Aave V3 experienced $10 million in liquidations in a single day this month, the highest amount since April. As asset prices decline, the selling pressure from these liquidations contributes to a downward spiral. The liquidated assets belonged to users who had borrowed volatile assets. (Source)
Aave V3 liquidations April volatile assets