MegaETH TVL Falls to $31.18 Million in 24 Hours as Aave V3 Liquidity Drops, DeFiLlama Data Shows

MegaETH’s total value locked (TVL) fell to about $31.18 million, down 59.44% over the past 24 hours, based on DeFiLlama data cited in an X post by user @y_cryptoanalyst. According to ChainCatcher, the chain’s leading protocol by TVL, Aave V3, recorded about $11.09 million in TVL, down 80.10% in the past 24 hours and down 86.34% over the past seven days. DeFiLlama data shows Aave V3 remains the largest source of TVL on MegaETH, and its capital movements have had a significant impact on the chain’s overall TVL figures. The X user attributed MegaETH’s sharp TVL pullback to withdrawals from Aave V3, describing the chain’s TVL performance as closely tied to Aave V3’s liquidity changes.