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However, after four consecutive days of net outflows, the Ethereum spot ETF saw a net inflow of $287.61 million on August 21st. The total net inflow now stands at $12.09 billion. It's easy to see that the market may be betting on Ethereum for higher returns.
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@Aave's protocol fees and income peaked at the beginning of the year, then gradually declined with market pullback. I believe the data recovery after May was mainly driven by the launch of USDe + PT-USDe, as the most significant circular lending demand this round was driven by Pendle's PT assets and Ethena's stablecoin.
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