The HTX address has withdrawn a total of 570 million USDT from Aave in the last 3 hours, leading to a surge in the USDT interest rate on Aave

PANews reported on June 5 that, according to on-chain analyst Yu Jin, the HTX address withdrew 570 million USDT from Aave in the last three hours, causing Aave's USDT borrowing liquidity to temporarily drop to 91.95 million USD.

Affected by the decrease in liquidity, the USDT interest rate on Aave has surged:

• The deposit rate has risen from 3.8% to 29%

• The borrowing rate has risen from 4.4% to 33.6%

High interest rates may attract arbitrage traders to deposit USDT or prompt borrowers to repay, and as the supply of USDT increases, interest rates will gradually return to normal levels.