Most holders are big investors, including an 86m treasury wallet, which has been grown big during the bullish market. What’s on-point is the large transaction graph. For over a year, big transactions over 100k are rarely happening. The marketcap is steady in this line, indicating a healthy and stable moneyflow.
Network Value to Transaction (NVT) Ratio increased and is very high compared to what it usually is, indicating that the transacted dollars increased, which make sense as the marketcap has been steady. As AAVE is a financial market, these numbers can occur and are positive signs that Defi is gaining interest.
Some extra info
- There’s no weird, hidden supply coming into the market, the line is straight the last years.
- No decline, but a steady increase in wallet addresses
- Average holder is 11 months of the AAVE token
- 14 whales (addresses with over 1% of circ supply)
- 62 investors (addresses with circ supply between 0,1-1%)
- Wallet holders increase to long-term indicating trust
In conclusion, the on-chain analysis of AAVE indicates a healthy and stable money flow, increasing interest in DeFi, steady growth in wallet addresses, and a trustworthy ecosystem. Show Less
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