DeFi Analytics 1st May 24

Beacon Chain

Cumulative Beacon Chain Deposits

Beacon Chain Deposits and Withdrawals

• Has seen both deposits and withdrawals subside substantially during the last week

Ethereum Gas Market

Ethereum Gas fees burnt from the total supply - 5h bars

• No deviation from the downward trend was seen in block utilisation during the last week
• Gas prices remains cheap on the network as a result

Average cost to transfer ETH (21,000 Gas)

Ethereum Blob Gas Used - 5h bars

Excess Blob Gas - 5h bars

Borrowing and Lending

Total Stablecoin value locked in Aave and Compound

USDC TVL

USDT TVL

DAI TVL

TUSD TVL

WBTC TVL

WETH TVL

• The decline in spot price seen last week has seen the TVLs of both USDT and WBTC
• The decrease in WBTCs TVL was more substantial, dropping more than 10% over the last week which was mostly dominated by liquidity providers withdrawing their  liquidity

Uniswap V3

Uniswap V3 Hourly Volumes

• Activity on Uniswap has seen no significant change during the last week, trading at the lowest levels we've seen during the last week

Uniswap V3 Hourly Transaction Count

Liquidations

Aggregate Liquidations across Aave & Compound