Gas Prices and Deposit/Borrow Amounts
Aave Deposits and Borrows Against Gas Prices
1. Objective
To find how Aave borrows and deposits are reacting to increasing gas prices. A short background on gas prices: Gas is the fee users pay for computation for interacting with the ethereum blockchain. Gas is not constant, it changes with network traffic, and also with the value of ETH, since gas is paid in ETH.
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For deposit and borrow averages, we can see that there is no clear pattern over the last 90 days. The daily averages are usually below 1M USD but there are occasional spikes here and there. In a nutshell, Aave deposits and borrows seemed to have not changed regardless of increasing gas prices.