Data: Aave V3 single-day liquidation reaches 10 million USD, setting a new high since April

ChainCatcher news, according to IntoTheBlock monitoring, Aave V3 has liquidated 10 million dollars in a single day this month, setting the highest record since April.

As prices fall and liquidations occur, the selling pressure from these liquidations creates a downward spiral. The assets being liquidated are primarily volatile assets borrowed against stablecoins, with the highest debt liquidation being 3.8 million dollars of wstETH collateralized by USDC.