Last month, Flipside Crypto unveiled our Aave data and bounties. Now, it’s time to see what our community of expert analysts came up with.
Let’s dive in.
Are Aave rewards evenly distributed 🤔?
According to @CryptWizards, it’s a whole lot of users. As we can see in the chart of the top 20 addresses receiving rewards above, there’s no one whale dominating rewards on Aave — and that’s by design.
“We can easily see that what Aave protocol wants to do is not let one party with large amount dominated the whole eco system,” @CryptWizards notes, “but using the rewards/incentive program try best to distributed the rewards evenly to different participants.”
New tokens don’t lead to TVL spike — but do lead to cannibalization 🪙
@CryptWizards also drilled down on TVL, and the impact that new token launches have on it, in this next submission.
As we can see below, new tokens “don’t have a clear influence” on TVL.
So what do new tokens impact? According to @CryptWizards, the answer is other tokens and associated pools.
As we can see above, there are notable cannibalization effects on days that coincide with new launches. The good news for these older players? “The first day drops…bounce back strongly.”
Regular loans outpace flash loans ⚡
Aave is known in part for its flash loans — but how prevalent are they on the platform?
Well, as we can see in the submission below from @karl_x_lee, normal borrows far outpace flashloans when it comes to both transaction count and volume. That’s also true across both a total and average user basis.
There are a few notable exceptions, however. On May 22, for example — a day which saw crypto prices fall sharply — flashloans were king on Aave. That was also true on September 28 — another day that saw prices fall, though not quite as dramatically.
Do more with Aave data 🔍
That does it for now. Thanks to everyone who submitted such great Aave data dashboards! Want to get more involved with the Flipside community and see your own submissions on our blog? Join us on Discord to get started.