In a tumultuous Monday for the cryptocurrency market, Aave, a prominent decentralized finance (DeFi) protocol, amassed $6 million in revenue, as disclosed by its founder.

This downturn permeated the DeFi sector following the Bank of Japan’s unexpected interest rate hike and the release of a disheartening U.S. jobs report on Friday. Over the past 24 hours, Ether (ETH) has plummeted by over 20%, while Aave’s native token (AAVE) has seen a staggering 23.7% decrease in market capitalization.

According to Parsec Finance, the market sell-off precipitated over $1 billion in liquidations across crypto derivatives markets, with an additional $350 million liquidated on DeFi platforms.

Read more: Aave Explores Fee Switch and Token Buyback Strategy

“Aave Protocol withstood market stress across 14 active markets on various L1s and L2s, securing $21B worth of value,” Aave’s Stani Kulechov wrote on X. “Aave Treasury was rewarded with $6M in revenue overnight from decentralized liquidations for keeping the markets safe.”

The precipitous drop in cryptocurrency valuations triggered multiple liquidations on Aave, including a $7.4 million wrapped ether (WETH) position, which alone generated $802,000 in revenue for the protocol, as per on-chain data.

The total value locked (TVL) in DeFi protocols has now plummeted to $71 billion, a stark decline from $100 billion at the start of the month, according to DefiLlama data.