There are few reasons why trader would want to use flash loan; such as traders employed flash loans to speculate on new coins without risking their own funds. Other than that, flash loans bundles several transactions into one so traders can reduce transaction fee. Plus, as it names suggest, flashloans are instant and it is very much needed in fast-moving crypto space. Traders also utilize flash loans looking to quickly profit from arbitrage opportunities. So, eventhough flashloan are an innovative new feature, there has been multiple abuse as hacks sobe sure to DYOR and understand it fully before using it.

Next, we will see the monthly premium amount paid by borrower to Aave for initiating flashloan. Premium works almost like an insurance coverage to ensure the transaction went as intended. No suprise we're seeing May has the highest premium paid as it also has highest volume.

The address with highest volume of flashloan initiated is 0xccb06b8026cb33ee501476af87d5ccaf56883112 with over 1B USD borrowed.

Now let's see the top target and also initiator of flash loans. Target address is address for flash borrow callback. The top target is 0xebf9f9b58730ed347d5ae8155e809158fb64da02, which accrued over 1.5B USD on Aave V2 and more than double the second address.

Now, we see the volume by tokens. In top 5 spot, there are 3 stablecoins and the other 2 are WETH and WBTC. These assets are always the favorite because stablecoins; well they are stable and WETH and WBTC are two of the most important crypto assets.

Then we compare the flashloan volume on V1 vs V2. We can see that the V1 dominates the market from February until April then V2 overtook the throne since May.

First, we see the monthly volume of flashloan and also how many flashloan initiated. May this has the highest volume at almost 2B USD and transaction counts, this is at the peak of the bull run before the May crash.