Data: Aave V3 cleared $10 million in a single day, a record high since April
According to ChainCatcher, Aave V3 cleared $10 million in a single day this month, the highest since April, according to IntoTheBlock. As prices fell and liquidations occurred, the selling pressure from these liquidations formed a downward spiral. The liquidated assets were mainly volatile assets that users borrowed with stablecoins as collateral, with the highest debt liquidation being $3.8 million of wstETH collateralized USDC.
