ChainCatcher report: According to DeFiLlama data and a post by X user @y_cryptoanalyst, MegaETH’s total cross-chain TVL has dropped to approximately $31.18 million, a 59.44% decline over the past 24 hours. Among this, the TVL of Aave V3, the protocol with the largest on-chain presence, is around $11.09 million, down 80.10% in the last 24 hours and 86.34% over the past seven days. Based on DeFiLlama data, Aave V3 remains MegaETH’s largest source of TVL, and its capital fluctuations have significantly impacted the overall cross-chain figures. The user noted that MegaETH’s recent sharp TVL drawdown is closely tied to capital outflows from Aave V3, stating bluntly, “Aave made it, and Aave broke it.”
MegaETH Chain TVL Drops 59.44% in 24 Hours, Aave V3 Withdrawals Blamed
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Summary
On-chain data shows that MegaETH Chain’s TVL has declined to $31.18 million, a 59.44% drop in 24 hours. On-chain analysis indicates massive withdrawals from Aave V3, which fell 80.10% in one day and 86.34% over the past week, according to DeFiLlama and X user @y_cryptoanalyst.
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