Aave's daily TVL decline has expanded to 21.6%, currently reported at approximately 20.7 billion USD

Today, the KelpDAO hacking incident has caused Aave approximately $177 million to $200 million in bad debt, prompting a large number of whales to withdraw funds from Aave for hedging purposes.

According to Defillama data, as a result, Aave's TVL has continued to decline from about $22 billion this morning, now reported at approximately $20.7 billion, a decrease of about 21.6% from around $26.4 billion yesterday.