ETH: Stablecoin Lending Flows by Protocol
Included with Plus.
Dollars deposited into, or withdrawn from, Ethereum's lending markets per period: the net change in the stablecoins supplied to each protocol, less the interest they earned.
Why use it. Lenders follow the rate: deposits flood in when borrowing demand pushes rates up and leave for Treasury bills or savings tokens when rates fall, so these flows show where dollars on chain are heading. How to read it. Above zero, more dollars were deposited than withdrawn; below zero, lenders pulled money out. Compare with the DeFi Dollar Rate.
Calculation. Each hour, for every US-dollar stablecoin market of Aave v3 (every market), Aave v2, Spark, Compound v3 and Morpho Blue that our lending producer reads: the tokens supplied at the hour's last block minus the tokens supplied an hour earlier grown by that hour's supply rate (the interest the deposits earned), one token as one dollar, summed per protocol; a day is the sum of its hours. Markets with bad debt are left out, as in every lending total. It is an estimate within the rounding of the hourly rate: a rate change inside the hour is not followed. From 19 October 2026, 15:00 UTC, the first hour after every market's size began to be stored. Computed from CryptoKeyhole's own Ethereum archive node.