With a volume of $127.8 million in the first two weeks of April, the lending markets in the Ethereum ecosystem surpassed monthly values since June 2022. This information is supplied by The Block.
What happened in the summer of 2022 was completely dictated by how investors felt about Terra’s collapse.
Cryptocurrency price crashes on April 12 and 13 were cited by the publication as the cause of the indicator’s spike.
Approximately $79.4 million and $48.1 million, respectively, were liquidated on the Aave and Compound protocols.
Coinglass reports that the crypto derivatives market saw nearly $2.1 billion worth of liquidations from April 12th through the 14th.
Recall that Arthur Hayes, the former CEO of BitMEX, sanctioned Bitcoin’s decline both prior to and following the halving. Also, he said that the event would be a catalyst for the market to go up in the medium run.