FIVE Aware Platform Action

MakerDAO’s actions against Aave had these repercussions on the DeFi platform

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The crypto market continues to take heavy blows across the bearish market. Due to the current market turmoil, DeFi’s total value locked (TVL) decreased by 55% since the end of April.

In fact, at press time, the total TVL decreased significantly this month. Recording a 10% decline (stood at $75 billion) in its TVL in the last 24 hours.But looks like one platform suffered the most of the lot.Amongst the top five DeFi protocols with the largest TVL, Aave Protocol appeared to have suffered the most decline over the past 24 hours.

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