ETH: Flash Loan Volume

Included with Plus.

The dollars borrowed through flash loans on Ethereum each day, by protocol.

Why use it. Flash loans are capital borrowed and repaid inside one transaction: they power arbitrage, liquidations and leverage shifts, and show up in the largest DeFi hacks. How to read it. Stacked by protocol; the top of the stack is the total for the day. Spikes usually come from large arbitrage or refinancing runs.

Calculation. Aave v2, Aave v3 and Balancer v2 on Ethereum mainnet, from each protocol's FlashLoan events on CryptoKeyhole's own node. A flash loan is borrowed and repaid in one transaction, so each counts once; the amount is the amount borrowed, valued like the DEX charts (dollar stablecoins at face value, ether-class tokens at the day's ETH/USD close, wrapped bitcoin at the BTC/USD close; other tokens count as loans but carry no dollar value). dYdX and other protocols are not covered, and repeated loans in one transaction each count. The history is read newest first and extends back toward November 2020, when Aave v2 opened.