Our Network: Issue #67 (Part 2)
Coverage on Compound, Mirror, Cream, Instadapp, and Aave.
|Spencer Noon||Apr 16||1|
📈 Growth of the Aave market on Polygon
The Aave Polygon Market launched on 3/31/2020. An initial two weeks of organic growth bootstrapped the liquidity to $10m. On 4/13/2020, Polygon announced some generous liquidity mining incentives which grew liquidity x54 to $540m in less than 3 days.
The Omni Analytics Aave Growth Dashboard showcases the growth of Aave V1 and Aave V2 Markets with nearly 50,000 users, 6% in the last 30 days.
There has been nearly $100B of total transaction volume for 683k transactions — 16% of the transaction volume occurred in the last month, and the average transaction size was $140k.
About the editor: Spencer Noon is an investor at Variant, a first-check crypto VC fund.