Aave is a decentralized finance (DeFi) protocol that allows crypto users to lend and borrow cryptocurrencies. It is the #1 DeFi app as per Defi Pulse with around 15 Billions of US Dollars locked in its ecosystem. Aave’s Liquidity Providers deposit crypto currencies into Aave ecosystem to earn interest. In this post let us explore how powerful are it’s top 10 Aave V2 Liquidity Providers.
15.23 Billion USD supplied by all Liquidity Providers in Aave V2. Out of that 11.59 Billon USD is supplied by Top 10 Liquidity Providers. The rest, 3.64 Billion USD is provided by rest of the Liquidity Providers.
Let us see the break down of Liquidity and the percentage they control among top 10 providers.
The top 10 Liquidity Providers control close to 76.1% of the Liquidity! And a single provider controls 30% of liquidity in Aave V2.