Wu Shuo has learned that according to Artemis data, since October 2025, the deposit scale of crypto lending protocols has declined from approximately $125 billion to $79.6 billion, a decrease of about 36%. The vast majority of this decline comes from a few protocols, including Aave (reduced by $27.6 billion), Spark Protocol (reduced by $5.4 billion), Euler Finance (reduced by $2.6 billion), Fluid Protocol (reduced by $2.4 billion), and Compound (reduced by $2 billion), accounting for approximately $40 billion out of the total $45 billion decline.