Aave is a decentralized finance protocol that allows people to lend and borrow crypto, where in Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.

AAVE is the Ethereum token that powers Aave protocol, a decentralized non-custodial money market protocol where users can participate as depositors or borrowers.

Aave generally provides liquidity in the form of short term loans, stable return on capital, and relatively low risk. Users deposit digital assets into "liquidity pools," which become funds that the protocol can lend out.

This graph shows the total liquidity on Aave V2 transactions happened in last one year, along with the liquidity recorded against each reserve.

Here is the total liquidity on Aave V2 transactions traded in last one year, in terms of USD against each reserve.

This is the Utilization percentage (%) captured on daily Aave V2 transactions over the past one year, against each reserve.

Flash loans are a type of uncollateralized lending that have become very popular in decentralized finance (DeFi), which can be used across decentralized finance protocols based on the Ethereum network, and more recently on Binance Chain.

Below graphs shows you the daily Flash loan volume of Aave transactions traded over the recent 30 days and could see that flash loan volume has significantly raised in first week of September 2021.

Let us see the Total Value Locked (TVL) for Aave transactions over the past 6 months and its obvious from below graph that TVL is high in September.

Conclusion:

According to the above visualizations for Total liquidity, Utilization %, Flashloan volume etc statistics on Aave in the past one year, it seems September records the highest among all these metrics.