Solana Solend Demographics

    Q101.Solend is the leading lending protocol on Solana. What are the demographics of the Solend userbase? What is the user distribution by size of account? (How many have between $1-1,000, 1,000 - 100k, etc). Is the protocol largely influenced by whales, or by average Solana users?

    Posted on August 2, 2022

    This dashboard will give you

    • It shows the number of unique users since the beginning of the year
    • It shows User Distribution By Borrowing SOLANA
    • It shows User Distribution By Borrowing USDC

    Total User Unique

    The number on the right shows the number of users who have been active in Solend since the beginning of 2022.

    To get this number, we have used filtering of users who have transacted with this Program ID.

    (So1endDq2YkqhipRh3WViPa8hdiSpxWy6z3Z6tMCpAo)

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    User Distribution By Borrowing SOLANA

    In the following charts, we have categorized the users who have Borrowed in Solend based on the amount of SOL they have Borrowed.

    In this category, we have used the following filter :

    Plankton = 1 < volume borrow $ < 100

    Crab = 100 < volume borrow $ < 1000

    Fish = 1000 < volume borrow $ < 10000

    Octopuses = 10000 < volume borrow $ < 100000

    Dolphin = 100000 < volume borrow $ < 1000000

    whale = volume borrow $ < 1000000

    To get these charts, we have used solana.core.fact_events and solana.fact_swaps tables. that we have used Jedo Swap to get the SOL price on a daily basis.

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    User Distribution By Borrowing USDC

    In the following charts, we have categorized the users who have Borrowed in Solend based on the amount of USDC they have Borrowed. In this category, we have used the following filter :

    Plankton = 1 < volume borrow $ < 100

    Crab = 100 < volume borrow $ < 1000

    Fish = 1000 < volume borrow $ < 10000

    Octopuses = 10000 < volume borrow $ < 100000

    Dolphin = 100000 < volume borrow $ < 1000000

    whale = volume borrow $ < 1000000

    We have used solana.core.fact_events table to get these charts.

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    Solend is a decentralized lending and borrowing protocol on Solana. Solend offers lending and borrowing on Solend, Wrapped SOL, USD Coin, USDT, Ether (Portal) etc.

    Conclusion

    According to the above graphs that we have obtained for Borrowing USDC and SOL currencies, Fish and Crab are the most active people in Solend.

    This shows that most Solend users belong to the middle category.