WETH (WETH) Sentiment & Fear and Greed Index

The total value locked (TVL) on the Robinhood Chain Bridge jumped over 400% in 24 hours, driven almost entirely by WETH deposits from Ethereum. WETH on the bridge rose from approximately 8,100 to 31,900.

BoostHook's leveraged long positions on Ethereum were exploited in a security incident, resulting in an attacker profit of approximately 20.93 WETH. The exploit was executed through manipulation involving Uniswap v4, with the attacker reportedly initiating the attack by flash-loaning 120 WETH.

On-chain data reveals significant capital movements across various tokens on the Ethereum network over the past 30 minutes. WETH and USDC have recorded substantial trading activity, with $94 million WETH and $65 million USDC moving, though a clear directional bias remains undetermined. Concurrently, MANA, PEPE, and SHIB tokens are quietly experiencing notable selling pressure.

Aave has unfrozen WETH reserves on its Ethereum Core V3 market following the recent rsETH incident. Users can now supply WETH to Ethereum Core V3, although the WETH Loan-to-Value (LTV) remains at 0%. Importantly, WETH reserves on other Aave markets, such as Ethereum Prime, remain frozen.

Aave's Wrapped Ether (WETH) pool recently experienced 100% utilization, effectively pausing all WETH withdrawals and trapping depositors. In response, ecosystem participants like 0xFluid and 1inch swiftly introduced solutions. These included direct swaps for aWETH against looped positions or into other tokens like wstETH/weETH to help users regain liquidity.

Aave has announced that its analysis confirms rsETH on Ethereum Mainnet is fully backed. However, out of an abundance of caution, Aave is maintaining frozen rsETH and WETH reserves across its V3 and V4 protocols. This decision stems from an unspecified incident and potential exposure to risk.