[Tom Wan: ETH Utilization Rate Drops Below 90%, Deposit Volume Significantly Reduced] According to on-chain analyst Tom Wan, the ETH utilization rate has fallen below 90%, and the lending APY has dropped to 1.9%. Since the rsETH LayerZero cross-chain bridge attack, the deposit volumes of wstETH and weETH have decreased by approximately $1.2 billion (around $1.2 billion) and $1.76 billion (around $1.76 billion), respectively. As the wstETH/weETH leveraged loop strategy against ETH returns to profitability, the market is focusing on whether demand for ETH leveraged loops will rebound or if funds will flow toward protocols like Spark and Morpho.