Aave Sees $300 Million Surge in Borrowing Amid Liquidity Crisis Following KelpDAO Exploit
The aftermath of the KelpDAO hack has triggered a chain reaction in stablecoin markets, resulting in a significant surge in borrowing on Aave. In the 24 hours following the attack, users borrowed approximately $300 million against their USDT deposits on the platform, according to data from Chaos Labs. However, this borrowing spike is not a sign of increased demand, but rather a desperate attempt …
April 20, 2026, 9:27 a.m.