Hey Aave Community, I have completed a 7-page on-chain structural analysis of Aave v3, focusing on supply maturity, holder composition, and DeFi integration depth.
Key observations:
- ~95.9% of total supply is unlocked
- Over 191k smart contract addresses vs. ~3.8k EOAs interacting with the token
These indicators suggest a transition away from early-stage token distribution dynamics toward a more infrastructure-embedded usage profile within the broader DeFi stack.
The full 7-page PDF is available for review. I am open to sharing it with DAO delegates, risk contributors, and the grants committee for structured feedback or potential collaboration.
If there is interest, I would also be willing to formalize this work through the ecosystem grants track to support periodic independent on-chain reporting.
Feedback from risk, analytics, and governance contributors is welcome.