Introduction

ABOUT AAVE;

Aave is a decentralized lending protocol based on the Ethereum blockchain that allows users to lend and borrow cryptocurrency without relying on a centralized intermediary [1]. The platform uses smart contracts to facilitate the lending process and ensure the security of funds. Aave also offers a range of features such as flash loans, stablecoin loans, and collateralized debt positions.

• Borrow: Aave allows users to borrow cryptocurrencies by using their own cryptocurrency as collateral. For example, you can deposit some Ether (ETH) as collateral and borrow some stablecoins like USDC or DAI. The amount you can borrow depends on the collateral you provide and the current market value of that collateral.
• Deposit: Aave also allows users to deposit their cryptocurrencies and earn interest on them. This is known as "lending" in traditional finance. When you deposit your cryptocurrency in Aave, you receive an equivalent amount of aTokens, which represent your share of the deposited funds and the interest earned on them. You can redeem your deposited cryptocurrency and aTokens at any time.
• Liquidate: If a borrower's collateral value falls below a certain threshold (known as the "liquidation threshold"), their position can be liquidated by Aave's automated system to protect the lenders' funds. The collateral is sold on the market, and the proceeds are used to repay the borrowed funds plus any fees and penalties.
• Repay: Borrowers need to repay the borrowed funds plus any interest and fees within a specified time period. If they don't repay on time, they may be subject to penalties and liquidation of their collateral.
• Withdraw: Users can withdraw their deposited cryptocurrency and aTokens at any time. However, if they withdraw their deposited cryptocurrency before the end of a certain time period (known as the "lockup period"), they may be subject to penalties and reduced interest rates.
• Collateral: Collateral is the cryptocurrency that a borrower provides as security for the borrowed funds. Aave supports a variety of cryptocurrencies as collateral, including ETH, WBTC, LINK, and others. The amount of collateral required depends on the amount of borrowed funds and the collateralization ratio, which is the ratio of collateral value to borrowed value.

Method;

This dashboard shows the following metrics ;

Daily Repay & Repayers use table; ethereum.aave.ez_repaymentsDaily Borrow & Borrowers use table ; ethereum.aave.ez_borrowsDaily liquid & liquidator use table ; ethereum.aave.ez_liquidations

Daily deposit & depositor use table; ethereum.aave.ez_deposits Daily withdraw& withdrawer use table; ethereum.aave.ez_withdraws

We will also examine the status of the loan tokens issued. The timeframe is the past three months and the time segmentation is one week

Borrow;

Finding;

Based on the chart provided above, it is clear that there has been a considerable amount of borrowing in the last three months. The chart highlights the weekly segmentation of the amount borrowed and the number of borrowers for the past three months.

However, it is also noticeable that there is no specific trend that can be identified within this timeframe. Despite fluctuations in borrowing and the number of borrowers, there is no clear pattern indicating an upward or downward trend.

In terms of the total amount borrowed, the figure stands at 137 trillion (137T). Additionally, the total number of borrowers over the last three months was 8,300.

Furthermore, when analyzing the borrowing data, it is evident that the most borrowed tokens are USDC and WETH. These tokens seem to be the most popular choices among borrowers.

Deposit;

Finding;

According to the chart in front of us, we can observe the number of depositors and the amount of funds deposited in the Aave protocol.

There doesn't seem to be a clear trend in the number of users. However, we can see that the total number of users in the last three months was 13,000.

When we look at the amount deposited from February 6th to the 20th, we can see some movement.

During this period, the total number of deposits was 205 T dollars.

Therefore, out of the 13,000 users and 205 T dollars deposited, approximately 8,300 people borrowed a total of 137 T dollars.

We can also observe that the tokens WETH and USDC have been deposited in larger amounts than others.

Withdraw;

Finding;

The opposite charts clearly display the current withdrawal status of Aave pools. It is a well-known fact that users can withdraw their assets only after the tokens are locked. However, it is worth noting that we have witnessed a surge in market volatility from February 6th to around the 20th of the same month.

During this period, approximately 7,800 users have withdrawn their assets from the Aave pools. This is in contrast to the 8,300 users who have deposited their assets. Furthermore, the withdrawn assets account for $250T, while the deposited assets account for $205T.

From the pie chart, it is evident that most of the tokens have been withdrawn to WETH and USDC.

liquidations;

Finding;

with over 2 million dollars liquidated in the last three months. It's important to note that the charts only show the situation of liquidated assets in Raave, and do not provide any information on why these liquidations occurred. Additionally, it's important to consider other factors such as market conditions and user behavior when analyzing these trends. Overall, while there may not be a clear trend in the number of liquidated users, the significant amount of assets being liquidated in the last three months warrants further investigation.

Repay;

Finding;

The charts in front of you depict the current repayment status in Aave over the last three months. During this period, a staggering 111,000 borrowers have successfully repaid a total of $91 billion dollars, reflecting the platform's efficiency in facilitating lending and borrowing activities.

Moreover, in the first few weeks of January, there was a significant surge in the repayment amount, with a majority of these tokens being related to USDT currencies, with 398 million USDC and 213 million USDT being repaid. In total, the most repaid tokens during this period were USDC, USDT, and WETH.

It is worth noting that the repayment statistics provide useful insights into the overall health and growth of the Aave ecosystem. These figures signify the platform's robustness and the community's trust in Aave's capabilities to provide seamless and secure lending and borrowing services.

CONCLUSION;

Conclusion: The analysis of the provided charts suggests that there has been a considerable amount of borrowing in the last three months, with no specific trend identified. The most borrowed tokens are USDC and WETH, and they have also been deposited in larger amounts than others. However, there has been a surge in market volatility, which has led to approximately 7,800 users withdrawing their assets from the Aave pools. Nonetheless, during this period, 111,000 borrowers have successfully repaid a total of $91 billion dollars, indicating the platform's efficiency in facilitating lending and borrowing activities.

KEY FINDING

• Borrowing: A considerable amount of borrowing has occurred in the last three months, with no specific trend identified. The most borrowed tokens are USDC and WETH.
• Deposits: The total number of users in the last three months was 13,000, with WETH and USDC being deposited in larger amounts than others.
• Withdrawals: Approximately 7,800 users have withdrawn their assets from the Aave pools, accounting for $250T, while the deposited assets account for $205T.
• Liquidations: Over 2 million dollars have been liquidated in the last three months, warranting further investigation.
• Repayments: A staggering 111,000 borrowers have successfully repaid a total of $91 billion dollars, indicating the platform's efficiency in facilitating lending and borrowing activities. USDC, USDT, and WETH were the most repaid tokens during this period.