The lake was formed approximately 2–3 million years ago due to faulting and subsequent damming of the
Cabriales River. The lake has been completely dry during several discrete periods of its geologic history.
Alexander von Humboldt visited the lake in 1800. He documented the negative impact of the surrounding population's land cultivation on the ecosystem.
Deforestation and water diversion for
irrigation led to the desiccation of Lake Valencia by dramatically reducing water levels. Lake Valencia is where Humboldt developed his conception of anthropogenic
climate change. He later wrote:When forests are destroyed, as they are everywhere in America by the European planters, with an imprudent precipitation, the springs are entirely dried up, or become less abundant, The beds of the rivers remaining dry during a part of the year, are converted into torrents, whenever great rains fall on the heights. The sward and moss disappearing from the brush-wood on the sides of the mountains, the waters falling in rain are no longer impeded in their course: and instead of slowly augmenting the level of the rivers by progressive filtrations, they furrow during heavy showers the sides of the hills, bear down the loose soil, and form those sudden inundations that devastate the country.Since 1976, the water levels in Lake Valencia have risen due to diversion of water from neighboring
drainage basins—it currently acts as a
reservoir for the surrounding urban centers (such as
Maracay and
Valencia). ==Ecology==