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Aave vs. Compound: a comparison of the leading lending platforms

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Aave vs. Compound: 

Content:

  1. Market cap
  2. Gross merchandise volume (GMV)
  3. Revenue
  4. Price to sales ratio (P/S)
  5. Token trading volume to market cap ratio

What makes this comparison interesting is that Compound introduced liquidity-mining rewards on June 16th, whereas Aave is about to release a similar reward system in the upcoming months. Liquidity mining rewards entitle liquidity providers to earn the native token of the protocol - resulting in (temporary) growth to the protocol’s service.

SNAPSHOT OF THE CURRENT STATS:

1. Market cap

What is the protocol valued at?

Note: the chart above is stacked.

2. Gross merchandise volume (GMV)

What is the total dollar value of outstanding borrows (calculated as a 30 day moving average)?

3. Revenue

How much revenue (GMV * weighted avg. interest rate of outstanding borrows) is the protocol generating?

Note: the chart above is stacked.

4. Price to sales ratio (P/S)

How is the protocol valued in relation to its revenues?

5. Token trading volume to market cap ratio

How representative is the token’s price discovery (what percentage of the total supply is being traded on the open market)?

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