PANews reported on April 9 that according to CoinDesk, the total amount of loans on DeFi lending platforms Aave and Morpho has dropped sharply due to the recent sharp fluctuations in the crypto market. Data shows that the average lending yield based on US dollar stablecoins has dropped to 2.8%, a one-year low, far lower than the high of 18% in December last year. As BTC and ETH prices plummeted to below $75,000 and $1,500 over the weekend, multiple leveraged positions were liquidated, with Aave alone handling more than $110 million in liquidations. Market risk sentiment has risen sharply, leading to a continued decline in lending demand.