On-chain data analysis - Is AAVE currently becoming the leader in the lending sector?
Today we continue our on-chain analysis journey. Yesterday we talked about the meme project, and today we started the Defi project. The oldest in DEFI should be the lending sector, and the current largest head project in lending is AAVE. I have mentioned it many times in many 20x project sharings and 100x projects that can be held for a long time. So what is the current on-chain data of this project? Let’s take a look at the analysis in this issue.
AAVE's performance this year is pretty good, with an increase of about 150%. The current market value is 2 billion US dollars, and 93% of it has been unlocked, so there will not be a lot of selling pressure. In the wave of decline on August 5, it reached 92. It is now at a new high and has completely gone out of the independent market. Why is this the case? Let's take a look at its explosive data performance on the chain.