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    AAVE Total Liquidity Dashboard

    AAVA is a decentralized lending protocol that allow users to lend and borrow assets without middleman. Lenders deposit digital assets into various liquidity pool which become funds that the protocol can lend out. In context of lending protocol, liquidity means the amount of tokens (in USD worth) are currently available for borrowers to borrow. So, Total Liquidity = Total Supply - Total Borrowed. While, TVL is total assets supplied to the liquidity pool.

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    First, let's take a look at the total value locked in AAVE pools. From graph below, we can see that WETH is the holds the biggest pie most of the time. In May, after the crash, we can see USDC and other stablecoins dominates the market. This is because many users swapped their tokens to stablecoins and deposited to AAVE to earn some interest.

    Graph below shows the stacked chart of total staked by assets.

    LIQUIDITY

    TVL/Total Deposited

    From animation below, we can see the top 10 highest daily liquidity available for users to borrow. $LINK was a very popular asset last year but no longer to be seen recently. Wrapped BTC has highest liquidity earlier this year. $AAVE native token also in top 5 most of the time.

    Further distribution of liquidity can be seen from graph below.

    One interesting observation is that, we saw a tremendous jump of total reserve assets available on AAVE early March. This could be because of introduction of AAVE V2.