Introduction

In this analysis, You will read about AAVE Stakes, Unstakes, Supply, and withdraw on AAVE protocol on the Ethereum chain. I went through AAVE and analyzed these parameters:

Total Users
Total Transactions
Total Amount in USD and AAVE
2022 Vs. 2021
Metrics based on Days of Week

What is AAVE?

Aave is a decentralized lending protocol that lets users lend or borrow cryptocurrency without going to a centralized intermediary. Users deposit digital assets into "liquidity pools," which become funds that the protocol can lend out.5 days ago

\n Analyzed by Hess - Reading Time Almost 10 Min.

Method

I’ve read AAVE documents. I found three addresses for lending and staking.

Stake and Unstake: 0x4da27a545c0c5b758a6ba100e3a049001de870f5
Supply and Withdraw: 1. 0x7d2768de32b0b80b7a3454c06bdac94a69ddc7a9. 2. 0x398ec7346dcd622edc5ae82352f02be94c62d119.

First, I found the tx hash from the event log table. Then selected transactions in EZ token transfer table. After that, I calculated all mentioned parameters.
For stake transactions, I used the ‘Staked‘ event, ‘Redeem’ for Unstake, ‘Deposit’ for Supply, ‘Withdraw’ and ‘RedeemUnderlying’ for withdraws.
I analyzed it since January 2021 and is based on the AAVE token.

Stake and Unstake AAVE on AAVE platform

Supply and Withdraw AAVE on AAVE platform

Stakers Vs. Unstakers:

Since January 2021, 58% of users were stakers and 41% were unstakers.
Most users were on AAVE between January 2021 until October 2021.
The highest number of stakers was on June 2021 with 2135 unique users and highest number of Unstakers was on February 2021.

Transactions

The share of Stakes and Unstakes were like the previous chart. It means that users non of users did unusual activities.
Since August 2021 until February 2022, The share of Unstake activites increased.
After that, The share of Stakes increased to above 70%.

Cumulative Transactions

Based on Cumulative Chart, We can underestand that users staked more than Unstake.
The Cumulative Stakes activities were double than Unstakes activities.

Stakes and Unstakes Amounts in USD and AAVE

The Cumulative Chart is based on USD and the Donut chart is based on AAVE token.
We already know that the number of Stakers was higher than Unstakers. But these charts show that The unstake amounts were higher than the stake amounts.
The cumulative unstake reached 1.3B US dollars and the Stake reached 1.1B US dollars.
46.7% of Total AAVE was staked and 53% was Unstaked. AAVE started before 2021. So some of the Staked amount before 2021, Unstaked after 2021.

Days of Week

I analyzed days of week and looked for any spikes. I think days of week didn’t

impacted

users. But in total in the weekend users staked.

Most Volumes of stakes were in 2021 but the volume of Unstakes in 2022 was higher than in 2021.
Based on total number of transactions, Users staked more in 2021 and unstaked more in 2022.

Daily Supply and Withdraw

More users and more activities happened in 2021 in

comparison to 2022.
Since May 2021, All activities of Users decreased since today.
Between September 2021 and August 2022, I can not see any specific Ups and downs.
The highest number of Suppliers was in April and the highest number of withdrawers was on October 2021.

Almost Supply activities on All metrics was higher than 50%. 58% of users were supplier and 41% of users were withdrawer.
51.7% of amounts were Supply and 48.3% of total amounts were withdraw.

Daily Supply and withdraw amounts in USD

There were so many ups and downs. As we already know most activities were at the beginning of 2021.
The highest amount of Supply was on April 26th, 2021 which was 34M us dollars.
The highest amount of withdraw was on May 2021 which was 160M us dollars.
Recently, The supply and withdrawal amounts were below 10M dollars.
We can not compare 2021 with 2022. Numbers have a serious difference.

Conclusion

In total, it seems the AAVE protocol was more popular in 2021 in comparison to 2022. Most activities were recorded between January 2021 and October 2021.
We can not judge this protocol or other protocols in the last 8 months. We are at bear markets. Each protocol faced a decrease since January. But the good news is more stakes and deposits happened instead of Unstakes and withdraw.

THE END

THANK YOU FOR READING!

ALL CONTENTS AND CODES PROVIDED BY HESS.

:writing_hand: Twitter_id: @hessaminanloo

:exclamation: Discord_id: hess#0890

:calendar: Analyze Date: 2022/SEP/23

A SUMMARY OF THE MOST IMPORTANT FINDINGS

All parameters include users, and transactions and the amount in 2021 were higher than in 2022.
The amount of Unstake in 2021 and 2022 was a little higher than that stake.
AAVE had 13K Stakers and 3K Suppliers. Also, 9.5K Unstakers and 3K withdrawers.
4.29M AAVE staked on the AAVE platform. However, 4.86M AAVE unstaked.
Users supplied 3.2M AAVE and 3.1M exited from AAVE.
During the Bear Market in 2022, All parameters decreased.

flipside