Whale Activity Boosts USDT Utilization on Aave Protocol

A recent substantial transaction involving a prominent whale, tracked by Lookonchain, has impacted Aave’s USDT utilization rate. Whale address 0x540C recently withdrew a significant sum of 114.9 million USDT from the platform. This action has resulted in an increase in USDT utilization on Aave’s core market, reaching 92.83%. This figure surpasses the protocol’s optimal utilization threshold of 92%, indicating a potential shift in liquidity within the Aave ecosystem.