Try Quests to earn cryptoAave launches and TVL Analysis
This dashboard gives us the analysis of new token launch on AAVE's total TVL and provide the cannibalization effects (transfer of liquidity to the new protocol) from existing lending/borrowing tokens when a new token is introduced.
Total value locked (TVL) is one of the standard metrics, that represents the number of assets that are currently being staked in a specific protocol. this value is not meant to represent the number of outstanding loans, but rather the total amount of underlying supply that is being secured by a specific application by DeFi.
Total value locked (TVL) has become the most common metric used to measure the growth of the decentralized finance (DeFi) industry.
Aave is one of a number of decentralized cryptocurrencies that offer users the capability of lending, borrowing and earning interest on crypto assets without the need for middlemen. Instead of using the Ethereum blockchain, Aave uses smart contracts that enable these assets to be managed by a distributed network of computers running its software.
Borrowers may post collateral in DAI, for example, and borrow in ETH. This allows borrowers to gain exposure to different cryptocurrencies without owning them outright.
Cannibalization refers to a loss in sales volume, revenue, or market share of existing product due to the introduction of a new token to the Aave platform. The below graphs shows the average volume transacted on Aave over the past 6 months across different versions Aave V1, V2, AMM.
The below visual shows the total liquidity on Aave V2 platform over the past 6 months.
The below graphs shows the average Total Value Locked (TVL) transacted on Aave over the past 6 months across different versions Aave V1, V2, AMM.
Users deposit funds they wish to lend, which are then collected into a pool. Borrowers may then draw from those pools when they take out a loan. These tokens can be traded or transferred as a lender wishes.