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1/ Today we look at a FlashLoan analysis prepared by another of our Alchemists @adamxyzxyz.
There have been 23,090 flashloans totaling $4.84B and generating $4.4M in fees.
This first visual shows the most popular flash loan assets and how often they were used. More
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten">https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten">
There have been 23,090 flashloans totaling $4.84B and generating $4.4M in fees.
This first visual shows the most popular flash loan assets and how often they were used. More
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten">" title="1/ Today we look at a FlashLoan analysis prepared by another of our Alchemists @adamxyzxyz. There have been 23,090 flashloans totaling $4.84B and generating $4.4M in fees. This first visual shows the most popular flash loan assets and how often they were used. More https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten">https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten">" class="img-responsive" style="max-width:100%;"/>
2/ The most interesting finding from this analysis was the massive 2,329% spike on Feb 4th, 2021.
On Feb 4th, there were 11 different flashloans exceeding $150M with the largest nearly $178M.
This day alone accounts for 38% of all-time flashloan value across both V1 and V2.https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤯" title="Explodierender Kopf" aria-label="Emoji: Explodierender Kopf">
On Feb 4th, there were 11 different flashloans exceeding $150M with the largest nearly $178M.
This day alone accounts for 38% of all-time flashloan value across both V1 and V2.
" title="2/ The most interesting finding from this analysis was the massive 2,329% spike on Feb 4th, 2021. On Feb 4th, there were 11 different flashloans exceeding $150M with the largest nearly $178M.This day alone accounts for 38% of all-time flashloan value across both V1 and V2.https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤯" title="Explodierender Kopf" aria-label="Emoji: Explodierender Kopf">" class="img-responsive" style="max-width:100%;"/>
3/ I didn& #39;t do a full forensic study here, but it looks like these flashloans were used in the @iearnfinance exploit that saw $11M drained from one of its $DAI pools.
I can dig deeper on this if people are curious.https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤔" title="Denkendes Gesicht" aria-label="Emoji: Denkendes Gesicht">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🧐" title="Gesicht mit Monokel" aria-label="Emoji: Gesicht mit Monokel">
I can dig deeper on this if people are curious.
4/ Looking at the daily count of flashloans we see a small jump around the Feb 4th mark but the spike in total value was mostly just caused by those 11 flashloans - not by a spike in loan events.
V2 does about 60% of the total value and takes about 40% of the transactions.
V2 does about 60% of the total value and takes about 40% of the transactions.
5/ This visual shows the different users - each blob represents a different target for the flashloan. You can see there is significant concentration in V2 with the majority of flashloans going to only 4 contracts.
Fun fact: the largest @AaveAave flashloan user is @DeFiSaver.
Fun fact: the largest @AaveAave flashloan user is @DeFiSaver.
6/ Anything else you want to see for Flashloans?
I will post an analysis on liquidations tomorrow - some fun stats there so stay tuned. How much $$ do you think the @AaveAave liquidators are making?
I will post an analysis on liquidations tomorrow - some fun stats there so stay tuned. How much $$ do you think the @AaveAave liquidators are making?
