Hello every one! on this dashboard we are taking a look to the Solana users interacting with Solend, But what is Solend?! Well let’s find out:

Solend is a leading decentralized finance (DeFi) lending and borrowing platform built on Solana. Users can earn interest, borrow against, leverage long and short crypto assets on the platform.

Solana's cheap transaction fees and high throughput make it a preferred destination for DeFi, especially smaller transactions.

After getting familiar with Solend, Lets see how many transactions are happing to it on recent 180 days:

As we see, 2.17M transactions has happened on Solend in recent 180 days, And also there is 2 spikes on the chart, one is mid-May and the starting days of Luna collapse, and another one is in mid June, and if we look at the $SOL price mid June is the worst days for Solana in recent 180 days.

So maybe that spike is because extra fear from market conditions!

Here we are looking to users intracted on Solend:

So more more than 22.7k unique wallets has been used Solend at least one time in recent 180 days.

Here the record is 2010 users in one single day on 24 Feb 2022

Now, after getting some information about Solend and it’s users counts, Lets find what type of the Users the protocol has:

Here for detecting the users, we are looking into their previous transaction on Solana and their assets value in $USD, To find out how much they account worth before last time they uses Solend:

As we see, large amount of Solend users are Low bag Users with less than 1000 $USD portfolio value, after these 19.62k users, Whales are bigger group, 1279 users with +100k portfolio are interacting with Solend. the the 3rd group are mid bag ones with 934 users and finally 241 users with with 1000~10k portfolio are interacting with Solend.

Here we see each group dominance on Solend, %89 of users are low bag ones, %5.8 of them are whales, %4.23 are mid bages and less than %1 have a wallet with 1000~10k in $USD value.

Conclusions:

• more more than 22.7k unique wallets has been used Solend at least one time in recent 180 days.
• %89 of this wallets are low bag ones, which means 19.62k users with less than 1000 $USD Solana account value.
• Whales ( +100K in $USD accounts) have the %5.8 share of total users of Solend, So the platform is not  largely influenced by whales.
• %4.23 of users are Mid bag users with 1k~1000K $USD Solana account value , and the rest are big bag users with less than %1 share.
• Comparing all types of the users interacting with Solend, the protocol have popularity between low bag people more than any group.