Aave Delegates' Gas Usage

    Aave Delegates' Gas Usage

    Overview:

    Aave Defi is a decentralized finance protocol that allows users to lend and borrow cryptocurrencies without the need for intermediaries. It was launched in 2017 under the name ETHLend but was later rebranded as Aave in 2018. The platform is built on the Ethereum blockchain and has gained popularity due to its innovative features and user-friendly interface.

    One of the key features of Aave Defi is the ability to earn interest on deposited cryptocurrencies. Users can earn interest by depositing their crypto assets into the platform's liquidity pools. Interest rates are determined by supply and demand, with higher rates being offered for less common cryptocurrencies. This allows users to earn passive income from their crypto holdings without the need for active trading.

    Another important feature of Aave Defi is the ability to borrow cryptocurrencies without the need for collateral. This is made possible through the platform's unique credit delegation system. Users can delegate their creditworthiness to another user, who can then borrow cryptocurrencies on their behalf. This allows users to access liquidity without having to sell their crypto assets.

    Overall, Aave Defi has revolutionized the way we think about lending and borrowing in the cryptocurrency space. Its innovative features and user-friendly interface have made it a popular choice among crypto enthusiasts and investors alike. As the decentralized finance space continues to grow, it is likely that Aave Defi will remain at the forefront of this exciting new industry.

    1-Number of voters and unique voters who voted in the last 180 days is greater than voters and unique voters who voted in the last 90 days. And the reason is the number of days.

    2-Total gas usage in the last 180 days is greater than total gas usage in the last 90 days.

    3-Although the greatest amount of gas usage were recorded in different dates in two time frames, they also had similarities. The second halves of the both time frames were more normal compred to the first halves in gas usage amounts.

    4-The average gas usage in the past 180 days was greater than the average gas usage in the past 90 days.

    Questions: 1-How much gas was used by delegates voting in Aave in the past 90 days? 2-How much gas was used by delegates voting in Aave in the past 180 days? 3-How much gas on average is spent by voters in a single vote?

    Matherials and methods: There are different parts on the dashboard. First, Data on the total amount of voters and unique voters for both time periods are calculated. Through the use of "ethereum.aave.ez_votes", this data was collected. Then data on gas use during both time periods are computed. Utilizing "ethereum.core.fact_transactions", this data is gathered.

    Highlights:
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    Results of Voters and unique voters in past 90 and 180 days

    The results of two single numbers clearly show that the number of unique voters who voted in the last 180 days is 3.7 times greater than unique voters who voted in the last 90 days.

    The results of two single numbers indicate a significant disparity between the number of voters who participated in the last 90 days compared to those who voted in the last 180 days. Specifically, the latter group is four times larger than the former.

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    Results of gas usage in past 90 and 180 days

    Based on two single numbers, it is evident that the total gas usage in the last 180 days is 2.25 times higher than the total gas usage in the last 90 days.

    According to the gas usage in the past 90 days bar chart, the greatest amount of gas usage was recorded as 0.024, which belongs to Jan 23, 2023. Conversely, the least amount of gas usage was recorded as .0002, which happened on Jan 14, 2023. The bar chart indicates that the second half of the distribution has a more normal distribution of gas usage amounts. Additionally, the amounts of gas usage in the second half are lower than those in the first half.

    According to gas usage in the past 180 days bar chart, the greatest amount of gas usage was recorded as 0.11, which belongs to Dec 02, 2022. Conversely, the least amount of gas usage was recorded as .0004, which happened on Oct 10, 2022. The bar chart indicated that gas usage showed an exponential increase in the first half, followed by a sharp drop in the second half. In the second half, the gas usage amount is lower and returns to a more normal distribution, similar to the previous chart.

    Based on the bar chart, the average amount of gas usage in the past 90 days is 0.007 and in the past 180 days is 0.016. Additionally, the average gas usage in the past 180 days is 2.3 times greater than the average gas usage in the past 90 days.