Flight to safety: How Maker’s Spark and USDC are winning the $10 billion Aave breakup

Flight to safety: How Maker’s Spark and USDC are winning the $10 billion Aave breakup

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailFlight to safety: How Maker’s Spark and USDC are winning the $10 billion Aave breakupFunds leaving Aave are splitting across safer lending, simpler ETH exposure and off-chain yield, with stablecoins acting as a temporary refuge.By Sam Reynolds|Edited by Jamie Crawley Apr 22, 2026, 9:46 a.m. Make preferred on What to know: More than $10 billion has left Aave since the $292 million Kelp DAO exploit, as impaired collateral and forced deleveraging drove users to unwind positions and withdraw funds.Capital has fragmented across alternatives, with Maker-linked Spark, real-world asset protocols and major liquid staking platforms seeing modest inflows as users favor simpler, tightly risk-managed venues.A sizable share of funds has moved into sta

Source: https://www.coindesk.com/markets/2026/04/22/aave-s-usdtvl-slump-sends-capital-to-spark-lido-while-usdc-becomes-a-parking-spot