Analysis of the AAVE project

    Defi is one of the most important and complex parts of cryptocurrency, and most Defi projects are for the Ethereum blockchain. I chose AAVE because it is the representative and most successful lending and borrowing protocol on the Ethereum blockchain By looking at the general situation of the AAVE project, we get to know about the lending and borrowing of this sector

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    WHAT IS THE AAVE PROTOCOL? Aave is an Ethereum-based protocol that offers automated crypto loans. Users can deposit cryptocurrency as collateral and borrow other cryptocurrencies, up to a certain percentage of the collateral value. This is known as the loan-to-value (LTV), and Aave limits the borrowed amount to 80% of the current value of the pledged collateral.

    Aave uses smart contracts, which are programs that automate the borrowing process by calculating the loan terms, collecting the deposited collateral, and distributing the cryptocurrency being borrowed.

    Smart contracts are what enable Aave to operate without the need for a third-party intermediary.

    For lenders, Aave allows users to deposit crypto into the platform and earn interest that is paid out by the borrowers.

    Instead of matching lenders and borrowers directly, Aave offers liquidity pools into which users can deposit crypto assets, and those crypto assets are lent to borrowers

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    In terms of the total number of supplied , WETH ranks first, USDC ranks second, and DAI ranks third. WETH=39/65B USDC=21/23B DAI=9/083B The daily chart shows that the supply volume of stable has been decreasing since June 2022 except for November 2022.

    Top borrower by Volume

    0x66b870ddf78c975af5cd8edc6de25eca81791de1 with 1255925820 usd

    Top borrower by transaction count 0xfac983fce7ef3cee8ffb2ceb967e1b2362aada00 with 526 transaction

    Top Depositor By Deposit Count

    0xa173bddf4953c1e8be2ca0695cfc07502ff3b1e7 with 923 transaction

    Top Depositor By Volume

    0xfac983fce7ef3cee8ffb2ceb967e1b2362aada00 with 1885495303 usdc

    Most tokens borrowed respectively 1.USDC 2.USDT 3.WETH 4.DAI