Aave governance controversy has lasted for 3 months, during which TVL decreased from $36 billion to $26.5 billion.

CycleProphet · 2026-03-01T03:11:37+00:00

Aave governance controversy has lasted for three months, with total locked value decreasing from $36 billion to $26.5 billion. Sun Yuchen withdrew approximately $910 million in stablecoins and transferred them to Sky and his subsidiary DAO Spark, making Sky his main deposit platform.

CycleProphet

2026-03-01 03:11:37

Abstract generation in progress

Deep Tide TechFlow News, on March 1st, on-chain analyst Yu Jin monitored that the governance dispute between the Aave development team and the community has lasted for three months. During this period, Aave’s total value locked (TVL) decreased from $36 billion to $26.5 billion.

Data shows that Sun Yuchen has withdrawn approximately $910 million in stablecoins from Aave and transferred them to Sky and its subsidiary DAO Spark platform. Since early December, Sun Yuchen’s deposits in Sky and Spark have increased from $570 million to $1.48 billion. Sky has replaced Aave as his main deposit platform.

AAVE6.05%

SKY3.73%

SPK6.46%

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