Aave governance controversy continues for three months, with TVL dropping from $36 billion to $26.5 billion

WuSaidBlockchainW · 2026-03-01T03:11:58+00:00

Aave's governance controversy has lasted for three months, causing its total value locked (TVL) to drop from $36 billion to $26.5 billion. Whale investor Justin Sun transferred $910 million in stablecoins from Aave to Sky and the subsidiary DAO Spark, resulting in a significant increase in deposits.

WuSaidBlockchainW

2026-03-01 03:11:58

Abstract generation in progress

According to @EmberCN monitoring, the governance dispute between Aave’s development team and the community has lasted for three months since early December. During this period, Aave’s TVL has decreased from $36 billion to $26.5 billion (according to DefiLlama data). This decline is due to both the drop in the value of major deposit and collateral assets like WBTC and ETH and the whale’s repositioning to other lending platforms influenced by governance disputes. The largest whale repositioning is Justin Sun. During this time, he withdrew $910 million in stablecoins from Aave and moved them to Sky and its subsidiary DAO Spark. Since early December, his deposits on Sky and Spark have increased from $570 million to $1.48 billion.

AAVE8,2%

WBTC5,65%

ETH8,43%

SKY5,93%

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.