Ethereum Faces Record Liquidations on Aave V3 Amid Market Uncertainty
Recently, Aave V3 on the Ethereum mainnet recorded its highest daily liquidations since February. This spike coincided with significant market volatility, reflecting the broader trends in the crypto space. Reports from Galaxy Research indicate that around $98.6 million in collateral was liquidated between April 6 and April 7. This trend mirrors earlier events in the year where more than $211 million faced liquidation. As market conditions remain unpredictable, it is crucial for users to manage their risk wisely when engaging with financial platforms like Aave.