POPA ReconAave Hits 100% Utilization, ~$5B in Stablecoins Locked
Aave Hits 100% Utilization, ~$5B in Stablecoins Locked Aave’s core markets have reached 100% utilization, leaving roughly $5B in USDT and USDC locked, following the rsETH exploit that triggered a sharp liquidity outflow. 1️⃣ What’s happening now: – Withdrawals are effectively blocked, all liquidity is borrowed – Any new liquidity gets instantly absorbed by bots – Users can see funds, but can’t exit positions 2️⃣ What caused the lock: Large holders moved first, withdrawing $5B–$6B+ within hours and draining pools. As a result: – ETH, USDT, USDC markets are fully utilized – Late users ar…
The excerpt is quoted from a public Telegram channel, which owns its text.