Overview is titled Aave command center. It snapshots Ethereum, Arbitrum, Base, Optimism, and Polygon. Charts are live composition bars, not multi-month history.
Event-based KPIs (active wallets, liquidations, flash loans, supply and borrow volume) use the current RPC log window. The hint on Active wallets says Recent on-chain window from live RPC logs. That is not a fake 24-hour history.
Total TVL
What it means
Total value supplied across the markets Ronnie successfully read this round. On Overview, TVL is defined as total supplied USD.
How it is sourced
Sum of suppliedUsd from each market snapshot. Snapshots read Aave v3 pool and oracle data. Failed chains are omitted, not zero-filled.
If it rises or falls
Rising TVL usually means more deposits. Falling TVL can mean withdrawals or lower oracle prices. Compare with Total borrowed so you know whether the pool is growing on both sides.
What a beginner should watch
If the page notes that some networks did not respond, TVL is incomplete on purpose.
Common misunderstanding
TVL is not Ronnie's treasury and not Aave company cash. It is user supplies sitting in the pools.
Total borrowed
What it means
USD value of all debt across those same markets.
How it is sourced
Sum of borrowedUsd from each market snapshot.
If it rises or falls
Rising borrowed means more leverage or more demand for the listed assets. Falling borrowed means repayments or liquidations, or missing market data.
What a beginner should watch
Pair it with Available liquidity. Borrowed up and available down is a crowding signal.
Common misunderstanding
Borrowed is not profit. It is outstanding loans.
Available liquidity
What it means
Supplied minus borrowed, not below zero. Spare cash in the covered pools.
How it is sourced
Computed from the same snapshot totals.
If it rises or falls
Falling available liquidity makes withdrawals and new borrows compete. Rising available liquidity eases that squeeze.
What a beginner should watch
Always read it next to Utilization. $200M available at 80% utilization is different from $2M available at 80%.
Common misunderstanding
Available is not a promise you can withdraw that amount of one token. It is a USD sum across assets and chains.
Utilization
What it means
Borrowed divided by supplied for the covered markets together.
How it is sourced
borrowedUsd / suppliedUsd from Overview totals.
If it rises or falls
Up: more of the pool is lent out, rates often rise. Down: more slack in the pool.
What a beginner should watch
Then open Markets or Risk Monitor to see whether one chain or one asset is driving the average.
Common misunderstanding
A protocol-wide 50% can hide one reserve at 95%. The average is a headline, not a diagnosis.
Accrued to treasury
What it means
Reserve value accrued toward Aave's treasury according to on-chain reserve data.
How it is sourced
Sum of accruedToTreasuryUsd from market snapshots, which comes from Aave reserve fields, not an off-chain accounting file.
If it rises or falls
It grows as the protocol takes its share of interest (reserve factor). It is a stock of accruals, not Ronnie's fee.
What a beginner should watch
Useful as protocol-health color, not as a user P&L.
Common misunderstanding
This is not your earnings and not a claim Ronnie can withdraw.
Active markets
What it means
How many Aave v3 deployments returned a snapshot this round.
How it is sourced
Count of market rows in the live markets payload.
If it rises or falls
If this drops, a chain likely failed to respond. Totals will shrink without anyone withdrawing.
What a beginner should watch
The Markets panel on Overview lists failures in plain language when a network is missing.
Common misunderstanding
A missing market is not the same as TVL going to zero on that chain.
Active wallets
What it means
Unique wallet addresses seen in decoded events in the current log window.
How it is sourced
A set of event.wallet values from the live activity feed. Hint text is the lookback label.
If it rises or falls
Up means more addresses touched Aave in this window. Down means a quieter window or fewer logs returned.
What a beginner should watch
This is not all Aave users, and not unique suppliers in history.
Common misunderstanding
Do not call it daily active users. The window is whatever the RPC logs returned.
Listed assets
What it means
Count of reserves across the markets that loaded.
How it is sourced
Sum of assetCount per market.
If it rises or falls
Jumps when a newly listed reserve appears in the snapshot, or when a previously failed market returns.
What a beginner should watch
Open Assets to see which symbols dominate supply.
Common misunderstanding
The same symbol on two chains counts twice, because they are two reserves.
Liquidations in window
What it means
How many LiquidationCall events were decoded in the current log window.
How it is sourced
Count of events with kind liquidation.
If it rises or falls
A burst often follows a sharp oracle price move. Zero can mean a calm window or missing logs.
What a beginner should watch
Open Liquidations and click through to the transaction. Confirm chain and asset before drawing a conclusion.
Common misunderstanding
This is not 24-hour liquidation volume and not a complete historical count.
Flash loans in window
What it means
How many flash loan events were decoded in the same window. A flash loan is borrowed and repaid inside one transaction.
How it is sourced
Count of events with kind flash_loan.
If it rises or falls
Spikes can mean liquidations, arbitrage, or migrations. They are not automatically an attack.
What a beginner should watch
Click the tx. See which asset and how large the USD amount is.
Common misunderstanding
A flash loan is not unpaid debt. If it succeeded, it was repaid in the same transaction.
Supply and borrow volume in window
What it means
USD sum of supply events, and of borrow events, in the current log window.
How it is sourced
Sum of amountUsd on events filtered by kind supply or borrow.
If it rises or falls
High supply volume with low borrow volume is cash entering. The reverse is demand.
What a beginner should watch
Use Live Activity to see whether volume is many small actions or a few whales.
Common misunderstanding
Window volume is not TVL and not all-time volume.
Charts on Overview
TVL by chain and Borrow by chain split the snapshot by network. Utilization by chain is percent used. Top supplied assets merges symbols across chains. Live event mix counts decoded actions in the window. Markets on the right links into each deployment.