Aave shows that the ETH borrowing APR has surged by up to 3.45 times, currently reaching 5.33%. This significant increase indicates heightened borrowing costs on the platform, reflecting market volatility and changing lending conditions.

AAVE0.51%
ETH-1.65%

Odaily Planet Daily reports that according to on-chain analyst Ai Yi, after the sale of 636,000 ETH by Yilihua, Aave’s ETH borrowing APR has increased by 3.45 times since yesterday (2.13% > 7.35%), currently at 5.33%. The current ETH supply on Aave is 3.09 million (81.34% of the total supply cap), of which 2.92 million have been borrowed, with a borrowing ratio of 80.99%.

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