Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin reaches a new highlight of $ 107K – Can BTC retain the win?

2025-05-20

Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

2025-05-20

Bitcoin briefly surpasses $ 106k for withdrawal, analyst sees stable momentum

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

    2025-05-20

    Taiko Alethia launches the most expected Pacaya Hardfork -upgrade on MAINNET

    2025-05-20

    Weaver Labs stimulates AI-led decentralized connectivity, joins Imagen Network

    2025-05-19

    Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

    2025-05-19

    Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

    2025-05-19
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

    2025-05-20

    Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

    2025-05-20

    Graph signal running to new ATH

    2025-05-19

    BlackRock’s Buidl to Power Bouncebit’s new RWA Yield Strategy Platform

    2025-05-19

    Finish Bitcoin price inches in the direction of all time-can Momentum?

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»DeFi»Aave loses second place to MakerDAO in DeFi TVL race
DeFi

Aave loses second place to MakerDAO in DeFi TVL race

2023-08-07No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • Aave’s TVL has slipped by almost 20% in the last seven days. 
  • Daily transactions involving AAVE have returned more profits than losses.

Following a 15% decline in its total value locked (TVL) in the last week, Aave [AAVE] has been replaced by  MakerDAO [MKR] as the decentralized finance (DeFi) protocol with the second largest TVL after Lido Finance [LDO].

Source: DefiLlama


Is your portfolio green? Check out the AAVE Profit Calculator


While Aave lost 15% of its already-provided liquidity, Maker’s TVL rallied by almost 2% during the same period. In the aftermath of Curve Finance’s exploit, liquidity providers and borrowers flocked to MakerDAO, causing its wrapped staked Ether tokens deposits (wsETH) to grow significantly in the week that followed the hack. 

WSTETH has surpassed WETH as the leading crypto collateral in terms of USD value locked within the Maker Protocol.

WSTETH – $2 billion deposited.

WETH – $1.98 billion deposited.

→ https://t.co/Y96Cgy7RIg pic.twitter.com/Ad3v3eUHUj

— Maker (@MakerDAO) August 1, 2023

No thanks to Mr. Egorov

The persistent decline in Aave’s TVL was attributed to the protocol’s exposure to the 30 July Curve’s exploit. Prior to the hack, Curve’s founder Michael Egorov had used some of his CRV tokens as collateral to borrow from various lending protocols, with the largest loan taken from Aave (over $100 million).

Mich confirming hacker got the large CRV pool.

That’s probably enough CRV to push Mich’s $100M+ of CRV into liquidation on Aave, Inverse and Abracadabra if its not absorbed.

This is going to be nasty for those protocols and for Curve.

Can rebuild but possibly brace for impact https://t.co/5LHPE8jXxt

— Adam Cochran (adamscochran.eth) (@adamscochran) July 30, 2023

As the market scrambled to recover the funds that remained following the hack, the negative sentiment put downward pressure on CRV’s value, leading to the fear that Egorov’s collaterals on Aave might be liquidated. 

See also  Coinbase adds AI Altcoin and Defi -token to mentioning route map, which activates price jumps

With many liquidity providers fearing a contagion effect on Aave, they removed their funds from the lending protocol. 

Aave’s TVL has continued to drop despite Egorov’s attempts to satisfy his debt obligations. Per blockchain sleuth Lookonchain, the DeFi protocol founder has continued to sell some of his CRV holdings in trades completed over the counter (OTC) to raise money to repay his debts. 

Update:

The #Curvefi founder(Michale Egorov) sold a total of 142.6M $CRV to 30 institutions/investors via OTC at a price of $0.4 and received $57M to repay the debts.

He currently has 269.8M $CRV($166M) in collateral and $48.7M in debt on 4 platforms.https://t.co/8ozY1y5KrO pic.twitter.com/ITA08Fuf4f

— Lookonchain (@lookonchain) August 6, 2023

As of 6 August, Egorov’s debt on Aave stood at $29 million, with 189 million CRV tokens held as collateral. Per data from Debank, the health factor of the loan stood at 2.21 at press time. 

In case you trade AAVE daily…

Although the alt’s price has declined by 7% in the last week, an on-chain assessment of its ratio of daily on-chain transaction volume in profit to loss revealed that many transactions completed during that period returned profits. 

Source: Santiment

This metric tracks the ratio between transaction volume in profit and transaction volume in loss. A positive ratio above zero suggests market participants make more profits than losses. Conversely, a ratio of less than zero in the negative territory signals that traders are making more losses than profits.

On a 7-day moving average, for every 1 AAVE transaction that resulted in a loss, there were 1.29 AAVE transactions that resulted in a profit.

See also  DeFi Hack: Arcadia Finance hit by exploit on Optimism, Ethereum

However, a closer look at the asset’s general profitability revealed that many investors have continued to hold at a loss. A look at AAVE’s Market Value To Realized Value ratio (MVRV) revealed this. At press time, this was -3571.04%. 


How much are 1,10,100 AAVEs worth today?


Source: Santiment

An asset’s MVRV measures the ratio between the current market capitalization of an asset and its realized capitalization. It is used to determine whether an asset is undervalued or overvalued. 

Resting under the zero line in the last year, AAVE has since been severely undervalued. This suggested that most traders realized losses on their investments each time they sold their AAVE tokens at the current price. 



Source link

Aave DeFi loses MakerDAO place race TVL
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Eric Trump asks: “What is it that JPMorgan Chase cannot do better that Defi and Blockchain can do better?”

2025-05-17

Binance loses 300k ETH – this is what it means for bulls that looks at $ 2.7k

2025-05-16

XRP repairs 3rd place, does Tether get over: do you have to expect a rally now?

2025-05-13

New Defi Crypto would be launched at $ 0.06 with potential to reach $ 0.30 – this is why investors keep a close eye on

2025-05-12
Add A Comment
Leave A Reply Cancel Reply

Top Posts

XRP will maintain price appreciation as whales reload amid a market dip

2024-12-08

Starknet Powered AVNU Launches Paymaster Feature, Revolutionizing Gas Fees on Ethereum Layer-2

2024-04-24

Bitcoin StH Average cost basis at $ 90.950 – Why is it relevant?

2025-03-02
Editors Picks

New Altcoin Season Now In Sight, According To Crypto Strategist – Here’s Why

2024-11-24

Bitcoin price bottom might be in, or not!

2023-09-04

Analyst Predicts Deep Correction for Sam Altman’s Worldcoin, Updates Outlook on Solana and Two Other Altcoins

2023-08-08

How Metaverse Merchants is Transforming Whiskey Valuation via Blockchain

2024-01-04
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin reaches a new highlight of $ 107K – Can BTC retain the win?

Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

Bitcoin briefly surpasses $ 106k for withdrawal, analyst sees stable momentum

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,042.132.30%
  • ethereumEthereum(ETH)$2,507.294.42%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.341.22%
  • binancecoinBNB(BNB)$642.080.56%
  • solanaSolana(SOL)$166.263.22%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2200961.94%
  • tronTRON(TRX)$0.2735483.78%
  • cardanoCardano(ADA)$0.730.41%
  • suiSui(SUI)$3.804.75%
  • chainlinkChainlink(LINK)$15.623.28%
  • avalanche-2Avalanche(AVAX)$22.072.61%
  • stellarStellar(XLM)$0.2836471.45%
  • hyperliquidHyperliquid(HYPE)$26.023.03%
  • shiba-inuShiba Inu(SHIB)$0.0000141.51%
  • hedera-hashgraphHedera(HBAR)$0.1934463.71%
  • unus-sed-leoUNUS SED LEO(LEO)$8.711.56%
  • bitcoin-cashBitcoin Cash(BCH)$388.421.72%
  • the-open-networkToncoin(TON)$3.052.44%
  • polkadotPolkadot(DOT)$4.571.48%
  • litecoinLitecoin(LTC)$92.87-2.76%
  • moneroMonero(XMR)$348.251.10%
  • bitget-tokenBitget Token(BGB)$5.12-0.39%
  • pepePepe(PEPE)$0.0000130.94%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.732.93%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • aaveAave(AAVE)$262.8820.11%
  • uniswapUniswap(UNI)$5.831.72%
  • bittensorBittensor(TAO)$413.606.26%
  • nearNEAR Protocol(NEAR)$2.732.20%
  • aptosAptos(APT)$5.072.16%
  • okbOKB(OKB)$51.82-0.11%
  • ondo-financeOndo(ONDO)$0.934.03%
  • kaspaKaspa(KAS)$0.1111926.71%
  • ethereum-classicEthereum Classic(ETC)$18.142.22%
  • internet-computerInternet Computer(ICP)$5.122.01%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.336.68%
  • gatechain-tokenGateToken(GT)$21.370.64%
  • crypto-com-chainCronos(CRO)$0.0957272.25%
  • mantleMantle(MNT)$0.741.26%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.227699-0.94%
  • render-tokenRender(RENDER)$4.574.43%
  • vechainVeChain(VET)$0.0274771.70%
  • ethenaEthena(ENA)$0.3685475.60%
  • usd1World Liberty Financial USD(USD1)$1.00-0.09%
  • arbitrumArbitrum(ARB)$0.3890705.04%
  • algorandAlgorand(ALGO)$0.2190802.86%
  • filecoinFilecoin(FIL)$2.811.86%
  • bitcoinBitcoin(BTC)$105,042.132.30%
  • ethereumEthereum(ETH)$2,507.294.42%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.341.22%
  • binancecoinBNB(BNB)$642.080.56%
  • solanaSolana(SOL)$166.263.22%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2200961.94%
  • tronTRON(TRX)$0.2735483.78%
  • cardanoCardano(ADA)$0.730.41%
  • suiSui(SUI)$3.804.75%
  • chainlinkChainlink(LINK)$15.623.28%
  • avalanche-2Avalanche(AVAX)$22.072.61%
  • stellarStellar(XLM)$0.2836471.45%
  • hyperliquidHyperliquid(HYPE)$26.023.03%
  • shiba-inuShiba Inu(SHIB)$0.0000141.51%
  • hedera-hashgraphHedera(HBAR)$0.1934463.71%
  • unus-sed-leoUNUS SED LEO(LEO)$8.711.56%
  • bitcoin-cashBitcoin Cash(BCH)$388.421.72%
  • the-open-networkToncoin(TON)$3.052.44%
  • polkadotPolkadot(DOT)$4.571.48%
  • litecoinLitecoin(LTC)$92.87-2.76%
  • moneroMonero(XMR)$348.251.10%
  • bitget-tokenBitget Token(BGB)$5.12-0.39%
  • pepePepe(PEPE)$0.0000130.94%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.732.93%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • aaveAave(AAVE)$262.8820.11%
  • uniswapUniswap(UNI)$5.831.72%
  • bittensorBittensor(TAO)$413.606.26%
  • nearNEAR Protocol(NEAR)$2.732.20%
  • aptosAptos(APT)$5.072.16%
  • okbOKB(OKB)$51.82-0.11%
  • ondo-financeOndo(ONDO)$0.934.03%
  • kaspaKaspa(KAS)$0.1111926.71%
  • ethereum-classicEthereum Classic(ETC)$18.142.22%
  • internet-computerInternet Computer(ICP)$5.122.01%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.336.68%
  • gatechain-tokenGateToken(GT)$21.370.64%
  • crypto-com-chainCronos(CRO)$0.0957272.25%
  • mantleMantle(MNT)$0.741.26%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.227699-0.94%
  • render-tokenRender(RENDER)$4.574.43%
  • vechainVeChain(VET)$0.0274771.70%
  • ethenaEthena(ENA)$0.3685475.60%
  • usd1World Liberty Financial USD(USD1)$1.00-0.09%
  • arbitrumArbitrum(ARB)$0.3890705.04%
  • algorandAlgorand(ALGO)$0.2190802.86%
  • filecoinFilecoin(FIL)$2.811.86%