Ethereum DeFi ecosystem bears the brunt of Curve hack

With Egorov’s collaterals at risk of liquidation as CRV’s value dropped in the past few days, liquidity providers have begun to exit Aave to hedge against any domino effect of this event.on the Ethereum network, the value of deposits has declined in the past few days. As of 22 July, the market size was $2.24 billion. As of this writing, it was less than $10 million in previously-provided liquidity.

This indicator measures trend strength and identifies trend reversals. It consists of the positive directional movement index , the negative directional movement index , and the average directional movement index .

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