Ethereum drives highest daily liquidations on Aave V3 since February amid market volatility

Aave V3 on Ethereum experienced significant liquidations, reaching its highest daily total since February due to market volatility.

Ethereum accounted for 66.9 million USD, representing 68% of the liquidations, indicating its substantial role in this market event.

Galaxy Research notes that the aggressive leveraging by borrowers reduces risk tolerance, contributing to intense liquidation situations.