Observations

• It is obvious that $SNX was the most borrowed asset on AAVE V2 in terms of transactions and volume, with a cumulative total of 46.65M $SNX borrowed, worth $237.5M by 464 unique users during 1056 transactions.

   

• We can say that $UNI has the second-highest rank with a cumulative total of 11.88M $UNI borrowed worth $180.4M by 551 unique users during 999 transactions.

• And finally, it comes to $MKR, which has a cumulative total of 86.64K $MKR borrowed worth $168.55M by 243 unique users during 456 transactions.

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Selected Timeframe Statistics

UNI

Overall Statistics

SNX

MKR

You can use the above fields to select the intended time interval (day, week, and month) and your preferred timeframe, which will be applied to the below charts of each token.

Introduction

Aave Protocol:

Aave is a decentralized finance (DeFi) platform built on the Ethereum blockchain that allows users to borrow and lend a variety of cryptocurrencies without intermediaries. With Aave, users can earn interest on their deposited funds or borrow funds at variable or fixed interest rates, depending on their preferences.

Borrowing:

Borrowing is a temporary possession of money with the intent to repay the amount borrowed. In a financial sense, if you borrow money, you assume a debt to the lender, this debt contains the principal amount plus interest.

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Observations

The above charts show the following parameters:

• Comparison of borrow and flash loan transactions by volume
• Comparison of deposit and borrow transactions in the case of transactions, users, and volume
• Effect of borrow transactions on the price of each token
• Distribution of borrowers by borrowed volume
• The most popular tokens that borrowers used to collateralize

Observations

• Weekly borrowed volume witnessed changes over time, with significant instances including 5.20 million $SNX borrowed in late June 2022 in a single week and also 100.45 million USD worth of MKR borrowed in mid-January 2022.
• The largest number of distinct borrowers on SNX happened in the last week of June 2022, with 40 unique addresses. For $UNI happened in late January 2021, with 31 unique users. After this date, the number of unique borrowers declined over time until the launch of V3. Lastly, for $MKR, it occurred in the second week of November 2021, with 13 addresses communicating with Aave V2. After this date, the number of unique borrowers declined below 10 individuals over time.

Methodology

In this dashboard, we will explore the borrowing activities of SNX, UNI, and MKR on Aave V2 to find the number of unique borrowers of SNX, UNI, and MKR and the total cumulative borrow volume for each asset. We will also try to visualize the borrowing of each asset over time, and there are other parameters that surely will help you dive in.