Kaiko launches market data product tracking Aave, Compound and MakerDAO: Exclusive

Quick Take

  • Kaiko launched a new data product to track DeFi lending and borrowing protocols. 
  • The firm’s latest product will provide data on Aave, Compound and MakerDAO. 

Crypto data firm Kaiko announced the launch of a product tracking market data for DeFi lending and borrowing protocols on Ethereum.

The Paris-based firm's new data product will track Aave, Compound and MakerDAO. These protocols currently hold around $15 billion, according to Kaiko data, which represents over 78% of the total global liquidity locked in lending protocols. The new product will track borrowing, deposits, repayments, withdrawals and liquidations.

It can be used to monitor the lending and borrowing market, optimize trading strategies, analyze yield and track wallet movements, among other things. 

Although it has been in development for a while, the product has "come into focus more after recent events in the market," Philippe Redaelli, managing director for on-chain market data, told The Block. Redaelli said the collapse of FTX has led to an increase in the use of DeFi protocols, which are needed now more than ever due to the transparency and financial opportunities they offer.


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"Aave and Compound's user base increased by 60% after FTX announced it had halted withdrawals," Redaelli said. "This means market participants started measuring the benefits of DeFi in very concrete terms with features like tokens, self-custody, and the absence of a central intermediary owning the traded assets."

CEO Ambre Soubiran added, "our data is underpinned by trust and provides transparency on all financial aspects of the crypto industry."

Disclaimer: The former CEO and majority shareholder of The Block has disclosed a series of loans from former FTX and Alameda founder Sam Bankman-Fried.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Adam Morgan is a reporter covering cryptocurrency, financial markets, and economics – anything from price movements, earnings reports, and inflation to the U.S. Federal Reserve interest rate decisions and everything in between. Adam is based in London.


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