Aave - 7. AAVE and stAAVE movements
Create visualizations showing the following: Daily AAVE supplied and withdrawn on Aave protocol. Daily AAVE staked and unstaked.
In this dashboard, we review AAVE supplied, withdrawn, staked and unstaked on Aave protocol. The effort is to examine everything related to these matters. In general, the following items have been examined:
- Total and Daily AAVE Supplied & Withdrawn
- Total and Daily AAVE Supplied & Withdrawn Volume
- Total and Daily Number of AAVE Supply & Withdraw Transactions
- Total and Daily Number of AAVE Suppliers & Withdrawers
- AAVE Cumulative Supplied & Withdrawn
- Total and Daily AAVE Staked & Unstaked
- Total and Daily AAVE Staked & Unstaked Volume
- Total and Daily Number of AAVE Stake & Unstake Transactions
- Total and Daily Number of AAVE Stakers & Unstakers
- AAVE Cumulative Staked & Unstaked
- Total Stake and Unstake Fee
Flipside data was used to obtain these results. Also, all the results obtained from the first day of Aave activity until August 7, 2022.
Aave; Inside the DeFi Lending Protocol
DeFi protocol Aave is one of the largest lenders of cryptocurrency and its AAVE token has a larger market cap than rivals Maker or Compound. Here's how it works.
Aave is a decentralized finance (DeFi) protocol that lets people lend and borrow cryptocurrencies and real-world assets (RWAs) without having to go through a centralized intermediary. When they lend, they earn interest; when they borrow, they pay interest.
Aave was originally built atop the Ethereum network, with all the tokens on the network also using the Ethereum blockchain to process transactions; they are known as ERC20 tokens. Aave has since expanded to other chains, including Avalanche, Fantom, and Harmony.
- In brief Aave is a decentralized lending protocol that lets users lend or borrow cryptocurrency without going to a centralized intermediary.
- Users deposit digital assets into "liquidity pools," which become funds that the protocol can lend out.
- In July 2022, Aave's community approved the launch of GHO, a decentralized, collateralized stablecoin.
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Getting Started:
First, we start with total Supplied & Withdrawn and total number of transactions and and total unique addresses.
Below are all general items. As we can see approximately 8.56M AAVE worth approximately 2.471B USD has been supplied by nearly 10.76K Transactions and 7460 unique wallets. Also, approximately 9.43M AAVE worth approximately 3B USD has been withdrawn by 9.01K transactions and 3620 unique wallets.
According to the investigations, on May 5, 2021, wallet 0x4a49985B14bD0ce42c25eFde5d8c379a48AB02F3 (with this transaction) has withdrawn 1.6M AAVE tokens worth approximately 172M USD. On the next day, 06 May, the same amount of 1.6M AAVE tokens (with this transaction) was re-deposited through wallet 0x60c8dc4762b217b4a00ff1824111077f331b1fbf.
Another point is that on some days (especially the final days) no deposit or withdrawal has been made. For example, on the days of 21 to 26 June 2022, there was no hip deposit and no withdrawal.
The opposite chart shows the amount of daily deposits and withdrawals with these two transactions.
The following charts also show Daily AAVE Supplied & Withdrawn in USD, Daily AAVE Volume and USD Volume (Supply USD - Withdraw), Number of Supplies & Withdraws Transactions, Daily Number of Unique Suppliers & Unique Withdrawers, AAVE Cumulative Supplied & Withdrawn and AAVE Cumulative Supplied & Withdrawn in USD are shown.
Below is AAVE staked and unstaked in general and daily. Also, AAVE Staked and unstaked is also shown in the chart as Cumulative. As it is known, in general, approximately 9.16M AAVE has been staked and approximately 6.96M AAVE has been unstaked. Also, the total volume (Stake minus unstake) is about 635K AAV, which is equivalent to 65.9M USD.
Now we go to the fee for stake, unstake, supply and withdraw. As shown in the graphs below, in total approximately 1.2K USD was paid for Stake and approximately 626 USD for Unstskes fee. Also, approximately 350 USD for Supply and 400 USD for Withdraw fee have been paid.
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