Summary and Conclusion

Borrow

86.6b $USD worth of assets borrowed so far
295k Borrow transaction submitted so far
Average $USD volume of Borrow transactions is 290K $
Total 56.6k users borrowed at least once so far
We saw users prefer to use Variable Rate instead of Stable Rate because Variable Rate costs less fee and Stable Rate cost them more fee
218k of 296k borrows submitted at AAVE V2
79.1b $USD volume of Borrows submitted at v2 so far
Average $USD volume of Borrows at version 2 is 359k $ while at other versions average volume of borrows is below 100k $

We saw 50k of total 56.6k borrowers are blong to v2 and 9.7k of users blong to v1

USDC is most favorite asset base on borrow count , volume and users which total 113k borrows with worth of 33.22b $USD submitted so far with total 34.5k unique users /li>
USDT is second most popular borrowed token whith total 57k borrows and 17.62b $USD borrow volume so far
Interesting thing is average volume of FEI token borrows is 1.357M $ which is so much more than any asset which average borrow volume for USDC is 294k$

USDC , USDT and DAI borrowed more than any token which shows us users most popular assets are stable coins to borrow

We saw at November 2022 Borrow activity on AAVE was to high for example at 22th of November 2022 total 787 borrows submitted with variable rate and 7 with stable rate and after November at last days of December during christmas borrow activity dropped but after that during first days 9th of January 2023 again borrow activity increased significantly
Another interesting thing is at 18th of February 2023 more than 90% of average $USD amount of borrows with worth of 9.8M $ USD submitted with Stable Rate which is unique behavior by users

Deposit

Total 297.1b $USD amont of assets deposited so far to AAVE protocol
Total 571.3k deposit transactions submitted so far on AVVE protocol
Average $USD amount of depositing assets to AAVE protocol is 510k $
Total 133.7k unique users deposited assets at least once so far on AVVE protocol
415k of 571.3k deposit transactions submitted on AVVE V2 and there is 37 active markets on V2
Total 261.5b $USD depositted to Aave V2 and average $USD volume of deposits on Aave V2 is 616k $
We saw WETH is most favorite asset for users to deposit base on deposit count , deposit $USD volume and user count which total 168k deposit transactions submitted for WETH so far with 123.453b $USD worth which total 45.6k unique users depositted this amount so far
WETH is by far most favorite asset for users and after it USDC , DAI and stETH , USDT , LINK and WBTC are favorite tokens
We saw after a dump during christmas again deposits increased
During November 2022 Deposit activity was so high like borrow activity in previous section for example at 10th of November total 1.64b $USD worth of assets deposited to AAVE protocol and these days another pump happened at 13th of February 2023 which 900M $USD worth of assets depositted to AAVE
Interesting thing we saw is at 13th of February 2023 average $USD volume of deposits was so high which because of that i privided charts for that date to see what happened and who depositted most of assets
We saw at 13th of February this wallet 0xf480fab87c07ec2ddd68a83ec0319bb466b1afa2 depositted 501M $ worth of WETH asset to AAVE with total 16 deposit transactions
We saw WETH , stETH , USDC and WBTC are most favorite assets depositting to AAVE
WETH and stETH by far most favorite asset base on $USD volume of deposits these days
We saw USDC and ETH have most number of users depositting these assets to AAVE protocol
30% of deposits to AAVE belong to Less than 1k $ price range and 12.8% of deposits to AAVE belong to more than 200k $ price range which is too good
40.5% of users depositted at least once less than 1k $ to AAVE and 6% of all users depositted at least once more than 200k $ which is 12.2k users
We saw this wallet 0x3ddfa8ec3052539b6c9549f12cea2c295cff5296 which belongs to Justin Sun depositted more $USD volume of assets than other users with total 14.71b $USD amount so far

Withdraw

Total 78.7k users submitted at least on withdraw transaction on AAVE protocol
Average $USD volume of withdraw transactions is 662.4k $
Total 424.3k withdraw transactions submitted on AAVE protocol so far
Total 289.3b $ worth of assets withdrawed so far
297k of total 424.3k withdraw transactions submitted on Aave V2 and average volume of withdraw transactions is 819k $ on Aave V2 which is higher than overall average
WETH is by far most withdrawed token so far which seems ok because most depositted asset is WETH and then USDC , USDT , WBTC and DAI are most withdrawed assets just same as top depositted assets
We saw after christmas withdraw activity increased again and seems normal these days
Interesting thing is at 2023-02-18 average volume of deposits was so high and because of that i decided to provide another charts to deeply see what was going on at that date and we can see 185.4M $ worth of DAI asset withdrawed at this date and this wallet 0x23c4bd335b181e6e104ced9fbd74a4248d50b40d withdrawed 171.66M $ with 5 withdraw transactions
As we saw at 2023-02-13 total 585.6M $ worth of WETH asset withdrawed which again we can see at daily withdrawed assets
We saw after November 2022 share of USDC withdraw reduced and share of WETH withdraw increased
Interesting thing as unlike number of withdrwas which WETH was most withdrawed asset USDC is most favorite token base on number of users which means more users withdrawing USDC these days compare to WETH
17.2% of withdraws belong to more than 200k $ price range which shows us whenever users wants to withdraw their assets they withdraw huge amount of assets because they want to do something important with their asset and don't want to earn interest
We saw Justin Sun is third user among users with most volume of withdraws

Flash Loan

Total 59.9k Flash Loan transactions submitted so far
Total 16b $USD used for Flash Loans and average volume of Flash Loans is 263.8k $
Total 14.4M $USD fees paid for Flash Loans so far and average volume of paid fees is 237.4 $
Total 10.8k unique users used Flash Loans so far
37.9k of total 59.9k Flash Loan transactions submitted on Aave V2 and total 11.797b $USD worth of Flash Loans paid on Aave V2 so far
WETH , USDC and DAI are most popular Flash Loan assets for users which total 20.4k transactions submitted for WETH with $USD worth of 5.773b $ which by far is most popular Flash Loan asset and then USDC is second most popular asset for Flash Loan with total 5.211b $USD worth and total 13.9k transactions
We saw WETH , USDC and DAI by far have most paid fee respectively 5.19M , 4.69M and 2.9M $USD
We saw at 26th of February 2023 average usd amount of Flash Loans was so high and because of that i provided charts to see what happened at this date , we can see at this date this wallet 0xb8465f2ab8e1c416a1ca54ddd3207346f0d77fab used 6.4M $ worth of Flash Loan with 1 transaction which at the next chart we can see he/she got 6.4M $ worth of WETH asset and because of he/she average is big
We saw wallet address 0xf701426b8126bc60530574cecdcb365d47973284 used 2.1b $ worth of WETH from Flash Loan with only 1 transaction .
This address is reported to have performed a flash loan exploit targeting Cream Finance
This wallet got 524,102 WETH token from AAVE protocol and did some swaps and got 100M $ profit from this .
Starting from Oct-27–2021 01:54:10 PM UTC, Cream Finance was exploited using a flaw in the share price calculation of Yearn Finance’s yUSD contract.
Read more about it here
Transaction on etherscan

Open Analytics - 19. Aave