Aave Sees $300 Million Surge in Borrowing Amid Liquidity Crisis Following KelpDAO Exploit
The KelpDAO hack has triggered a chain reaction, causing a significant spike in borrowing on Aave, with users taking out approximately $300 million in loans against their USDT deposits in the first 24 hours following the attack, according to data from Chaos Labs. This surge in borrowing is not driven by demand, but rather by users' inability to withdraw their funds due to maxed-out stablecoin poo…
April 20, 2026, 9:27 a.m.