Overview

• Aave v2 is a decentralized finance protocol based on the Ethereum network.

• It allows users deposit or/and borrow digital asset.

This dashboard analyzes deposit and borrowing of Aave V2 by the following:

1. Aave v2 total borrows on Ethereum.
2. Aave v2 total deposits on Ethereum
3. Comparison of Aave v2 deposit and borrowing from May 2022
4. Deposit supply for each asset.
5. Borrowing amount for each asset.
6. Aave v2 on Ethereum daily user activity
7. Total Unique borrowers
8. Total Unique depositors

General Analysis

The total borrowed on Aave V2 was 64.6bn with $28.5bn and $13.49bn worth of USDC and USDT been borrowed respectively, making them the most borrowed assets.

The total deposit was $229bn which is 350% higher than total borrowed and can be considered an indicator of a stable market. Aave V2 had 331k unique depositors and the most deposited assets were WETH and DAI leading with $107bn and $47bn respectively.

On May 6 2022, Aave V2 on Ethereum experienced its highest user activity so far.

In conclusion, most users deposited more digital asset than they borrowed.