Ethereum's August Witnessed Record Margin Calls in the Blockchain Lending Market, with Aave Dominating
Publication Time:2024-09-04 10:07:08
Golden Finance reported that in August, the total amount of margin calls in the Ethereum blockchain lending market reached a new high of $436 million. Among them, Aave platform performed outstandingly, contributing $289 million worth of margin calls, accounting for about 66% of the total. This achievement closely follows the highest record in May 2021, when the total margin calls reached an impressive $671 million. Analysis suggests that such massive margin call activities are closely related to the significant fluctuations in ETH prices. In August, ETH prices dropped by 22% month-over-month, with the lowest drop reaching 35%. This directly triggered a large number of loan margin calls, becoming a focal point in the market.
AAVE
Ethereum
ETH price fluctuation
lending market
chain margin call