The Spark protocol has seen a net deposit inflow of $2.4 billion since April 18.

robot
Abstract generation in progress

Wu reportedly learned that, according to @defioasis data, since April 18, the net inflow of funds into Spark protocol deposits has reached $2.4 billion—equivalent to about 15%-20% of the net outflow redeemed from Aave. At least 20 single addresses have net deposited more than $20 million into Spark after April 18, with Spark PSM being the largest net deposit address; it is also one of the biggest entities redeeming funds from Aave. Mellow Finance has deposited all of the more than $180 million redeemed from Aave into Spark. Instadapp is another protocol with large net deposits into Spark, exceeding $88 million. In addition, besides DeFi protocols, many whale addresses that redeemed from Aave have successively net deposited into Spark.

SPK-17.8%
AAVE2.02%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin