Aave Sees $300 Million Surge in Borrowing Amid Liquidity Crisis Following KelpDAO Exploit
The aftermath of the KelpDAO hack has sent shockwaves through stablecoin markets, with a notable 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. This borrowing spike is not a sign of increased demand, but rather a desperate attempt by users to access liquidit…
April 20, 2026, 9:27 a.m.