Our Network: Issue #67 (Part 2)

Coverage on Compound, Mirror, Cream, Instadapp, and Aave.

Continued from Part 1.

⑤ Aave

👥 Alex Bertomeu-Gilles

📈 Growth of the Aave market on Polygon

👉 Join the Aave community on discord

  • 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 editorSpencer Noon is an investor at Variant, a first-check crypto VC fund.