Aave generated $2.1 million in daily revenue amid a flood of cascading loan liquidations on Tuesday, based on TokenLogic data. 

The jump in daily revenue stems from liquidation fees amid the recent market selloff. Aave’s v3 deployment on Ethereum alone raked in $1.25 million in liquidation fees on Aug 6.

Liquidations on Aave v3 totaled $234 million, including $137 million WETH, $62 million wstETH and $21 million WBTC, according to Block Analitica.

The largest liquidated wallet (0x645…c4bfa) saw $73 million liquidated, making up 31% of total v3 liquidated collateral.

Aave founder Stani Kulechov tweeted: “Aave Protocol withstood market stress across 14 active markets on various L1s…

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