The blockchain data flagged shows a spike in liquidations over the past 24 hours. Some observers believe the event may have been linked to a price update in an oracle system that Aave uses to determine the value of collateral.
DeFi lending platform Aave sees a rare $27 million liquidations after a price glitch
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AI INSIGHT
Aave protocol records $27 million in liquidations over past 24 hours, blockchain data show. Blockchain data show a price update in the oracle used by Aave to value collateral occurred during the same period.
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