In-Depth Analysis #3: Unprecedented Growth Continues
Welcome back to the third installment of our series, ‘In-Depth Analysis.’ In this segment, we delve into a comprehensive statistical summary of all the milestones and achievements Nolus has reached. Join us as we uncover the major advancements made in the past 55 days since our last update
Unprecedented Growth in Transactional Volume
Since our last summary, Nolus has seen a staggering $25 million in transactional value channeled through Leasе and Earn. This marks an impressive 72% increase since January, showcasing a robust and growing interest in the platform’s offerings.
Surge in Loan Grants and Lease Positions
Over the past eight months, Nolus has granted a total of 6,739 loans, with a near 70% surge in just the last two months. Notably, 40% of these loans were issued in the recent 55-day span, indicating a consistent pattern of growth and adoption. Lease positions have doubled since our last report, reaching $14.5 million, with an average position size per user of $2,300 — up by 10%. This steady increase in the average amount, coupled with the exponential growth in the number of loans granted, points to a vibrant and expanding protocol.
Asset Diversification and Leverage
The composition of the DeFi leases showcases a diverse asset portfolio: 20% in ATOM (including all LSDs), 20% in OSMO (including all LSDs), followed by AKT, TIA, NTRN, WETH, BTC, and others. The platform used $6.1 million in down payments to open these $14.5 million lease positions, translating to an average leverage of 137% above the down payment. This indicates a healthy risk level for margin calls. USDC.axl emerged as the most popular down payment asset, evidencing strategic asset utilization by users.
Record-Setting Performance and Loyalty
NTRN loans have been particularly noteworthy, with 426 loans opened for a total of $1.2 million in leases, demonstrating the asset’s strong performance. Additionally, the protocol has seen a surge in the number of high-value leases, with 110 leases exceeding $10k each in the past two months. The best performing day was March 1, with an astonishing 170 leases opened for a total of $330k.
Currently, there are over 1,400 open lease positions, funded by $1.5 million in down payments for leases valued at $3.5 million. Impressively, 84% of these leases are profitable, with an average return on investment (ROI) of 40%. Notably, wETH and wBTC leases have yielded an ROI of over 110%, highlighting the lucrative opportunities within the platform.
We also extend our congratulations to the most loyal Nolus user, who has taken a remarkable 211 leases and achieved profitability in over 90% of them, especially with AKT and AXL leases.
This article aims to provide a comprehensive analysis of Nolus’s performance, underlining its significant growth and the dynamic changes in its operational landscape. The data reflects the increasing adoption of DeFi Leases and the evolving preferences and strategies of its user base. All data related to these statistics is available on-chain and represents normal operational flow that can be conveniently extracted using a Rust ETL client, accessible here.
