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Drop is a cross-chain liquid staking protocol on a mission to strengthen the economic viability of Interchain economies by transforming stagnant, frozen resources into flowing streams of opportunity.
rsETH Incident Leads to ~37% Drop in Aave Deposit Scale; Capital Outflows Now Slowing
According to monitoring by crypto analyst @EmberCN, after Aave coordinated the establishment of "DeFi United" and received approximately 30,000 ETH in loans and 13,500 ETH in donations, the platform's capital outflows have shown signs of slowing.Data indicates that Aave's current total deposit scale stands at approximately $28.6 billion, a decrease of about $17.2 billion, or roughly 37%, compared to before the rsETH incident.
Aave Sees $15.1 Billion Outflow in Three and a Half Days, Total Deposits Drop to $30.7 Billion
According to on-chain analyst Yujin (@EmberCN), since the rsETH incident, funds have continuously flowed out of the Aave platform—approximately $15.1 billion in total over 3.5 days. Total deposits dropped from $48.5 billion pre-incident to $30.7 billion, representing a withdrawal of roughly one-third of funds; stablecoin outflows amounted to $4.5 billion. However, due to this capital outflow, the platform’s stablecoin deposit APY temporarily remained elevated at 13.4%. During the same period, Morpho saw outflows of approximately $1.5 billion, with total deposits declining from $11.7 billion to $10.2 billion. In contrast, Spark experienced逆势 fund inflows: its TVL rose from $1.9 billion to $3.2 billion—an increase of about $1.3 billion—partly driven by reallocation from whales such as Justin Sun and institutions withdrawing from Aave.
Aave Outflows $101 Billion in Funds, Total Deposits Drop to $35.7 Billion
Odaily News According to on-chain analyst Yu Jin's monitoring, Aave has experienced continuous fund outflows since the early morning incident yesterday, totaling $10.1 billion. This has reduced total deposits from $45.8 billion to $35.7 billion, with $4.5 billion of that being stablecoins. This outflow has caused the stablecoin deposit interest rate on Aave, which offers a 13.4% APY, to be maintained for an entire day.
Kelp Incident Causes ZRO to Drop; A Whale Loses $2.88 Million as Part of Long Position Liquidated
According to on-chain analyst Onchain Lens (@OnchainLens), Kelp DAO lost approximately $294 million in the cross-chain bridge exploit. As a result, $ZRO dropped from $2 to $1.40. A whale holding a long $ZRO position on HyperLiquid was partially liquidated, incurring a loss of $2.88 million. The whale still holds the position, with an unrealized loss exceeding $750,000 and a total loss of approximately $28.98 million.
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Ronin to Migrate to Ethereum Layer 2 on May 12, RON Inflation Rate Expected to Drop Below 1%
gaming-focused blockchain Ronin has announced its migration to an Ethereum Layer 2 network on May 12. The underlying architecture will utilize the OP Stack and integrate EigenDA as the data availability layer. Chain operations are expected to be paused for approximately 10 hours during the migration. The team advises users to unstake their RON in advance or allow the system to handle it automatically after the migration is complete.Following the upgrade, RON's annual inflation rate is projected to decrease from over 20% to less than 1%. Additionally, the treasury will gain new revenue streams from staking rewards, Sequencer net profits, and Marketplace fees. Furthermore, Ronin has introduced a "proof of allocation" incentive mechanism based on "Builder Score," distributing RON rewards to ecosystem builders on a monthly basis.
Robinhood’s Q1 Crypto Revenue and Trading Volume Drop Nearly 50% Year-on-Year
According to The Block, Robinhood reported its Q1 2026 financial results, showing $134 million in cryptocurrency business revenue and $2.4 billion in nominal trading volume—down 47% and 48% year-on-year, respectively. Additionally, the cumulative transaction volume processed by Robinhood’s Ethereum Layer 2 blockchain has surpassed 100 million.
rsETH Incident Leads to ~37% Drop in Aave Deposit Scale; Capital Outflows Now Slowing
According to monitoring by crypto analyst @EmberCN, after Aave coordinated the establishment of "DeFi United" and received approximately 30,000 ETH in loans and 13,500 ETH in donations, the platform's capital outflows have shown signs of slowing.Data indicates that Aave's current total deposit scale stands at approximately $28.6 billion, a decrease of about $17.2 billion, or roughly 37%, compared to before the rsETH incident.
Aave Sees $15.1 Billion Outflow in Three and a Half Days, Total Deposits Drop to $30.7 Billion
According to on-chain analyst Yujin (@EmberCN), since the rsETH incident, funds have continuously flowed out of the Aave platform—approximately $15.1 billion in total over 3.5 days. Total deposits dropped from $48.5 billion pre-incident to $30.7 billion, representing a withdrawal of roughly one-third of funds; stablecoin outflows amounted to $4.5 billion. However, due to this capital outflow, the platform’s stablecoin deposit APY temporarily remained elevated at 13.4%. During the same period, Morpho saw outflows of approximately $1.5 billion, with total deposits declining from $11.7 billion to $10.2 billion. In contrast, Spark experienced逆势 fund inflows: its TVL rose from $1.9 billion to $3.2 billion—an increase of about $1.3 billion—partly driven by reallocation from whales such as Justin Sun and institutions withdrawing from Aave.
China's Weekly AI Large Model Calls Drop 23.8% MoM, US Overtakes for First Time in Nearly Two Months
According to the latest data from OpenRouter, the global total AI large model call volume last week (April 13-19) was 20.6 trillion tokens, marking a decline for two consecutive weeks. Among the listed AI large models, the weekly call volume for Chinese AI large models dropped to 4.441 trillion tokens, also declining for two consecutive weeks, down 23.77% compared to the previous week. The weekly call volume for US AI large models was 4.908 trillion tokens, a month-on-month increase of 20.62%. This marks the first time in nearly two months that the weekly call volume of US AI large models has surpassed that of China. Among the top nine globally by call volume last week, four were Chinese AI large models. DeepSeek V3.2 ranked second with a weekly call volume of 1.28 trillion tokens; MiMo-V2-Pro ranked fourth with a weekly call volume of 1.15 trillion tokens, up 90% month-on-month; two models from MiniMax made the list: MiniMax M2.5 ranked sixth with a weekly call volume of 1.05 trillion tokens, and MiniMax M2.7 ranked seventh with a weekly call volume of 0.961 trillion tokens, down 19% month-on-month.
Aave Outflows $101 Billion in Funds, Total Deposits Drop to $35.7 Billion
Odaily News According to on-chain analyst Yu Jin's monitoring, Aave has experienced continuous fund outflows since the early morning incident yesterday, totaling $10.1 billion. This has reduced total deposits from $45.8 billion to $35.7 billion, with $4.5 billion of that being stablecoins. This outflow has caused the stablecoin deposit interest rate on Aave, which offers a 13.4% APY, to be maintained for an entire day.