Try Quests to earn crypto29. Gas Prices and Deposit/Borrow Amounts
This dashboard looks at the effect of Ethereum gas prices versus deposit and borrow amounts on Aave. Aave is a protocol on the Ethereum blockchain that allows for users to deposit assets, borrow assets, and take out flashloans, a loan that must be paid back within the same block. The first graph looks at the daily gas price versus the daily average deposit amount. The gas price in these graphs has been converted to USD, to account for the change in Ethereum's price over time. It seems that although gas prices have recently risen since the beginning of September, deposits on Aave show no sign of slowing down, as the average daily deposits are among the highest from September to November 2021. Looking at the average gas price versus average daily borrows, we can see that higher gas prices also do not seem to be slowing down borrows from Aave. In fact, the end of October and beginning of November 2021 has seen a high average borrow amount, with multiple days over $1,000,000.