About Aavescan

Aavescan is an analytics platform for Aave that shows live and historical lending data including deposit rates, borrow rates, total supplied and total borrows.

Aavescan was launched in 2021 and has been supported by a grant from Aave Grants DAO and a growing subscriber base. Aavescan serves 5k+ monthly users worldwide and has been cited in research from Bloomberg, Columbia University, Forbes, Reuters and more.

Trusted by researchers, institutions, and media. View citations

Articles

Aave Introduction

Learn key terms and features of Aave market contracts including liquidity rate, borrow rate and APR to APY conversions.

Calculating Interest Rates

Learn how to track onchain lending rates accurately through time for research and accounting purposes

Aave Interest Rates History

Exploring major events in the history of Aave interest rates including the USDC depeg, ETH PoW fork and sUSDe looping

Liquidity Impact

Understand how Aavescan simulates rate changes for deposits, borrows, repayments and withdrawals.

DeFi Strategies

Learn how Aave is used by investors and traders to maximise yields, leverage and hedge exposure

Citations

Aavescan has been cited in the following publications:

NYU Stern, Ethereum Foundation, University of Florida, Joel Hasbrouck, Julian Ma, Fahad Saleh, & Caspar Schwarz-Schilling (2026). Market Inefficiency in Cryptoasset Markets. Available on arXiv.
Bloomberg, Ryan Weeks and Suvashree Ghosh (2026) Crypto Firms Buoyed by Trump Get Rocked as Crucial Bill Delayed. Available on Bloomberg.
Plasma (2025) Aave & Plasma: The Global Credit Layer. Available on Plasma.
Bloomberg, Sidhartha Shukla (2025) Bitcoin Rebound Faces Risk of 'Bull Trap' Amid Macro. Available on Bloomberg.
Blockworks, Macauley Peterson (September 5, 2025) Euro stablecoin push runs into thin liquidity. Available on Blockworks.
Reuters, Medha Singh and Lisa Pauline Mattackal (2024) Cryptoverse: DeFi dream is still alive. Available on Reuters.
Forbes, Steve Larson (2023) Are DeFi's high yields on stablecoins worth the risk. Available on Forbes.
Spinoglio, F. (2025). A New Value Investment Formula for Turing Complete Blockchains with Proof of Stake Algorithm. Journal of New Finance, 3(2), Article 2. Available on JNF.
Ma, Y., Zeng, Y., & Zhang, A. L. (2023). Stablecoin Runs and the Centralization of Arbitrage. Available on columbia.edu.
Boneh, Y. (2024). Autonomous Money Supply Strategy Utilizing Control Theory. arXiv preprint arXiv:2407.13232. Available on arXiv.
Ledefiリサーチ事業部. (2024). 分散化されたステーブルコインを目指すGHO. Available on ledfi.co.jp.
Fidelity Digital Assets Research (2023). 2023 Look Ahead: Refocusing and Building on Digital Assets’ Core Principles. Available on fidelitydigitalassets.com.
Ye Li† and Simon Mayer‡ (September 16, 2025). Financial Intermediation with Fragile Seigniorage: A Dynamic Model of Stablecoin Issuers∗. Available on SSRN.
Erum Iftikhar, Wei Wei, & John Cartlidge (15 Jun 2025). Automated Risk Management Mechanisms in DeFi Lending Protocols: A Crosschain Comparative Analysis of Aave and Compound. Available on arXiv.

Methodology

Data shown on Aavescan is sourced directly from onchain Aave contracts including pool, oracle and data provider contracts. Historical values are reconstructed from Aave pool state using an archive node.

Incentives data from offchain Merkl campaigns is sourced from merkl.xyz, available from July 2025, and reflected in live and historical APRs shown across the website.

If you have any questions about our data please send an email to contact@aavescan.com.

Contact

Send an email to contact@aavescan.com.

Disclaimer

Aavescan is provided for informational purposes only and does not constitute financial advice. Use the data at your own risk and verify critical information independently before making decisions.