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sealaunch intelligence
@sealaunch_
Onchain market intelligence. Coverage of onchain credit, yields, RWAs, and stablecoins for the protocols and institutions moving capital onchain.
Joined October 2021
6K Following    9.4K Followers
Aave V3 core market increased ~$1B in deposits and $487M in borrows over the last 7 days. Five assets are driving deposit growth: → WETH +$322M → USDT +$279M → USDe +$260M → wstETH +$160M → weETH +$125M Borrows are led by WETH (+$186M) and USDT (+$193M). wstETH is the largest collateral in DeFi, with $5.7B deposited across lending protocols. Aave wstETH deposits are now ~$2B and up $180M this week, while SparkLend fell $99.65M Aave also added $128M in weETH deposits in the last 7D, over 6x the next-largest protocol for this asset. These LSTs deposits naturally translate into borrows and revenue for the protocol, as these assets are typically used as collateral to borrow WETH or, to a smaller extent, stablecoins.
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