Borrow and Deposits on AAVE
Pie charts on the left indicating total of 40K borrowers of 34 tokens and 86K depositors of 37 tokens been active since 2022.
4 tokens out of top 5 borrowed tokens are stable coins of USDC, DAI, USDT BUSD which is 77.2% of all borrowers.
Majority of depositors are depositing stETH plus WETH which is 50% of all deposited tokens.
Pie charts on the left indicating total of 97K borrows of 34 tokens and 190K deposits of 37 tokens since 2022.
4 tokens out of top 6 borrowed tokens are stable coins of USDC, DAI, USDT BUSD which is 70.3% of all borrows.
Majority of deposits are wrapped tokens of ETH and BTC which are 56% of all deposits.
Pie charts on the left indicating total volume of 35.7B volume of borrows of 34 tokens and 99.4B volume of deposits of 37 tokens since 2022.
4 tokens out of top 6 borrowed tokens are stable coins of USDC, DAI, USDT and sUSD which is 62% of all volume of borrows.
Majority of deposits are wrapped tokens of ETH and BTC which are 58% of all volume of deposits.
- Pie chart on the left indicates total of 91.3K users has been active on borrowing and depositing in which majority of them were depositors with 1.77 times.
- Pie chart on the middle indicates total of 286.6K borrowing and depositing transactions executed in which majority of them were deposits with 1.95 times.
- Pie chart on the right indicates total of 135B borrowing and depositing volume executed in which majority of them were deposits with 2.78 times.
- Bar chart on the left indicates weekly active users on borrowing and depositing in which depositors were dominant on majority of time frame, over all time frame is bullish until late November 2022 and decreased after that.
- Bar chart on the middle indicates weekly executed borrowing and depositing transactions in which deposits were dominant on majority of time frame, over all time frame is bullish until late November 2022 and decreased after that.
- Bar chart on the right indicates weekly executed borrowing and depositing volume in which deposits were dominant on majority of time frame, over all time frame is bearish towards 2023.
Borrow & Deposits on AAVE
AAVE is a DeFi platform that allows users to borrow and lend digital assets without intermediaries, with flexible terms including variable interest rates and collateralization requirements. Borrowers deposit cryptocurrency as collateral, and users can earn interest on deposits. AAVE offers flexible interest rates that adjust based on market conditions, making it a secure and flexible way to borrow and lend digital assets without traditional financial intermediaries.
Area chart above on the left indicates that active borrowers were increasing towards last week of August 2022, which they spiked highest on first week of May with 5.1K borrowers.
Most number of borrowers were active on USDC on first week of May 2022 with 4,676 borrowers.
Area chart above on the right indicates that active depositors were increasing towards third week of November 2022, which they spiked highest on first week of May with 6.5K depositors.
Most number of depositors were active on stETH on first week of May 2022 with 4,655 depositors .
Area chart above on the left indicates that number of borrows were increasing towards first week of November 2022, which they spiked highest on first week of May with 5.6K borrows.
Most number of borrows were active on USDC on first week of May 2022 with 4,859 borrows.
Area chart above on the right indicates that number of deposits were increasing towards third week of November 2022, which they spiked highest on the same week with 8K deposits.
Most number of deposits were active on stETH on first week of May 2022 with 4,866 deposits .
Area chart above on the left indicates that volume of borrows were increasing towards first week of November 2022, which they spiked highest on the same week with 2.2B volume of borrows.
Most volume of borrows were active on USDC on first week of November 2022 with 933,914,444 volume of borrows.
Area chart above on the right indicates that volume of deposits were decreasing towards third week of February 2023, which they spiked highest on second week of May 2022 with 6.7B volume of deposits.
Most volume of deposits were active on WETH on second week of May 2022 with 2,408,755,755 volume of deposits .
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Top borrower by number of borrows is 0xfac983fce7ef3cee8ffb2ceb967e1b2362aada00 with 1,163 borrows and top depositor by number of deposits is 0xf480fab87c07ec2ddd68a83ec0319bb466b1afa2 with 2,902 borrows.
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Top borrower by volume of borrows is 0x73f7092510e44915cb177684db7b1f101aeecb8d with 2,037,341,433 volume of borrows and top depositor by volume of deposits is 0xfac983fce7ef3cee8ffb2ceb967e1b2362aada00 with 4,479,909,878 volume of borrows.
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==Weekly Borrow count of top 10 Borrowers== indicates bullish trend for number of borrows which they peeked highest on first week of November with 537 borrowers and most number of borrows on a single week were executed by 0x654fae4aa229d104cabead47e56703f58b174be4 with 213 borrows on first week of November 2022.
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==Weekly Borrow volume of top 10 Borrowers== indicates bullish trend for volume of borrows which they peeked highest on first week of November with 1.35B volume of borrows and most volume of borrows on a single week were executed by 0x73f7092510e44915cb177684db7b1f101aeecb8d with 614,551,735 borrow volume second week of May 2022.
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==Weekly Deposit count of top 10 Depositors== indicates bullish trend for number of deposits which they peeked highest on second week of November with 822 depositors and most number of deposits on a single week were executed by 0xf480fab87c07ec2ddd68a83ec0319bb466b1afa2 with 518 deposits on second week of November 2022.
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==Weekly Deposit volume of top 10 Depositors== indicates bearish trend for volume of deposits which they peeked highest on second week of May with 2.87B deposit volume and most volume of deposits on a single week were executed by 0x73f7092510e44915cb177684db7b1f101aeecb8d with 1,370,566,602 deposit volume on second week of May 2022.
Conclusions
- All metrics of deposit is dominant in which volume has most dominance among 3 checked metrics.
- Weekly charts of users and transactions of borrow and deposit is bullish but volume is bearish.
- Stable coins has majority of activity of borrowers and wrapped tokens of ETH and BTC has majority of activity of depositors.
- Excluding weekly volume of depositors rest of weekly charts of observed metrics for tokens are bullish.
- Excluding top 10 depositors by volume rest of weekly charts of observed metrics for borrowers and depositors are bullish.
- 0xfac983fce7ef3cee8ffb2ceb967e1b2362aada00 is top user in both number of borrows and volume of deposits.
Methodology
In this dashboard I chose to observe AAVE on Ethereum network, to see how has this protocol performed in case of Borrows and Deposits. so I used tables of
ethereum.aave.ez_borrows and ethereum.aave.ez_deposits to create several metrics to compare status of Borrows and Deposits such as Number, Volume and Users of Borrows and Deposits since 2022, their weekly charts since 2022 and same metrics for borrowed and deposited Tokens and their weekly charts since 2022, and at last top 10 borrowers and depositors by volume and by count of borrow and deposit and their weekly charts since 2022.
Decentralized Finance (DeFi) is important for providing greater financial control, inclusivity, and access to services for users. AAVE is a key player in the DeFi ecosystem, offering a range of lending and borrowing services, innovative tools and features, and a community-driven governance structure. AAVE's platform is designed to be simple, intuitive, and accessible to users of all levels of technical expertise, making it one of the most popular and reliable DeFi platforms in the industry.
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