INTRODUCTION

For lending and borrowing on Solana, Solend is an algorithmic, decentralized protocol that enables you to borrow assets and receive interest on your deposits. Conversations with the creators of Raydium and Orca convinced us that Solana would be a good basis upon which to base Solend. The Solana Season Hackathon, which we participated in and won first place for the DeFi track, took place at the same time as this timestamp. We received a ton of attention from consumers and investors thanks to our early victory. The choice to increase the risk was aided by this confirmation.

You may accomplish the following with Solend: Receive interest Borrow Long-Short Leverage DeFi is now available to everyone as it was designed to be thanks to Solend, which is 100 times quicker and more affordable than Aave or Compound.

METHODOLOGY

This dashboard generally gives an idea about the userbase of the solend protocol by looking at the users and their volume. To achieve this the active users and the cumulative users in the solend protocol are attributed here and it is also charted over the period. Furthermore as asked, the size of the wallets are charted with different limits such that they hold 1$-100$, 1000$, etc and the number of wallets that hold the balance is also charted. Now also to see the users, the new users in the ecosystem is denoted along with the total transactions in the system. Now let us look into them briefly.

The chart here displays the active users in the protocol by accounting the activity made by the users in the past 30 days and it can be seen that the period almost have the same amount with July 7 having the highest.

The line graph here indicates the trend followed by the protocol in the case of active users and it is seen that the trend of the active users managed to maintain the same count overall with a buffer of 500 per day and the yellow line indicate the cumulative active users with time.

The chart to the left answers that the different size scales of the wallet volume with x axis indicating the cumulative balance in $ and the transactions’ count done by the wallets hosting those volume. It is ideal that the wallets with volume < 10 $ has made the highest number of transactions over time.

The graph to the right meets the expected answer about the wallets hosting large balances**.** The extreme number of users are more for the wallets holding less than even 1 $ and can see a significant number to the wallets having just > 100$.

This chart here indicates the new users in the protocol and the total transactions upto the date in the protocol.

The chart here indicates the swap activity of the users in the Solend protocol over time.This plots the volume with date.

The trend in the swapping users over time with the date and it indicates that the trend in the count of the wallets has been decreasing.

The whales in the solend protocol is charted with the size of the balances is charted here and the dominance of the whales is charted here.

The overall trend in the users, the transactions and the volume is also charted for here and hence the overall trend has been decreasing over time.