Aave Delegates' Gas Usage
Two single numbers on the left are indicating total number of executed votes in past 90 days and past 180 days, in which as we see total votes executed in past 180 days is more than 4 times of total votes executed in past 90 days.
Two single numbers on the left are indicating total number of unique voters in past 90 days and past 180 days, in which as we see total unique voters executing in past 180 days is more than 3.83 times of total unique voters executing in past 90 days.
Two single numbers on the left are indicating total number of voted proposals in past 90 days and past 180 days, in which as we see total proposals voted in past 180 days is more than 1.56 times of total voted proposals in past 90 days.
Two single numbers on the left are indicating total volume of paid transaction fee for executing votes in past 90 days and past 180 days, in which as we see total fee volume of executed votes in past 180 days is more than 2.6 times of total fee volume of executed votes in past 90 days.
Two single numbers on the left are indicating total volume of gas used for executing votes in past 90 days and past 180 days, in which as we see total volume of gas used in past 180 days is more than 3.57 times of total gas used in past 90 days.
Two area charts on the left are indicating daily paid volume of transaction fee for executing votes in past 90 days and past 180 days, in which as we see even though in both charts we see fluctuated trend but volume of transaction fee on first half of the past 180 days chart which is during September 18th-December 17th, is much higher compared to past 90 days which is second half of the past 180 days chart.
Most volume of transaction fee paid in last 90 days occurred on Jan 23, 2023 with 0.45
Most volume of transaction fee paid in last 180 days occurred on Dec 2, 2023 with 1.36
Two single numbers on the left are indicating average volume of gas used for executing votes in past 90 days and past 180 days, in which as we see average volume of gas used in past 180 days is more than 2.27 times of average gas used in past 90 days.
Number Votes & Voters & Proposals in past 90 and 180 days
Past 90 days
Past 180days
Insights
Total Gas volume & Fee volume in past 90 and 180 days
Past 90 days
Past 180 days
Insights
Two single numbers on the left are indicating average volume of paid transaction fee for executing votes per proposal in past 90 days and past 180 days, in which as we see average fee volume of executed votes in past 180 days is more than 1.65 times of average fee volume of executed votes in past 90 days.
Two area charts on the left are indicating daily gas used volume for executing votes in past 90 days and past 180 days, in which as we see even though in both charts we see fluctuated trend but volume of gas used on first half of the past 180 days chart which is during September 18th-December 17th, is much higher compared to past 90 days which is second half of the past 180 days chart.
Most volume of gas used in last 90 days occurred on Jan 23, 2023 with 0.0239
Most volume of gas used in last 180 days occurred on Dec 2, 2023 with 0.1144
Conclusion
- In both sections data of metrics related to past 180 days has dominance over data of metrics related to past 90 days.
- In first section number of votes of past 180 days has most dominance over past 90 days.
- In past 90 days each voter voted 2.17 votes averagely and in in past 180 days each voter voted 2.3 votes averagely.
- In past 90 days each proposal voted 28 votes averagely and in past 180 days each proposal voted 152.3 votes averagely.
- In past 90 days each vote paid 0.00251 transaction fee averagely and in past 180 days each vote paid 0.0016 transaction fee averagely.
- In past 90 days each vote used 0.000118 gas averagely and in past 180 days each vote used 0.0000103 gas averagely.
- Daily transaction fee and daily gas used for both time frames is fluctuated and maximum of both metrics on each time frame occurred on the same day.
In section below in order to answer the “How much gas on average is spent by voters in a single vote?“ part, I have divided fee data of past 90 days into 51, which is proposal count in past 90 days, and also I have divided fee data of past 180 days into 80, which is proposal count in past 180 days.
Introduction
Aave is a decentralized finance (DeFi) platform that allows users to borrow and lend cryptocurrency without the need for intermediaries such as banks. Aave operates on the Ethereum blockchain and uses a native token called AAVE.
Aave has implemented a governance system that allows AAVE token holders to participate in the decision-making process for the platform. This includes voting on proposals that affect the development and future direction of Aave.
The voting process on Aave is conducted through a smart contract that allows AAVE token holders to submit and vote on proposals. Each AAVE token represents one vote, and proposals require a certain percentage of votes to be approved.
The Aave governance system is designed to be transparent and decentralized, allowing the community to have a say in the platform's development and direction. This helps ensure that Aave remains true to its mission of providing accessible and decentralized financial services to all.
Approach
This dashboard consists of two sections, which first section calculates data related to number of votes, number of voters and number of proposals in both time frames, and in second section data related to gas used and transaction fee of votes in both time frames is calculated.
- ethereum.aave.ez_votes is used to gather data for first section and ethereum.core.fact_transactions is used to gather data for second section.