AAVE V3 Research Study

132,064 LP wallets • Ethereum Mainnet • Algorithm Validation

64% Mid-Range
500-800 score
0.98 R²
TVL correlation

Technical Validation: zScore Algorithm Robustness on AAVE V3

This research study analyzes 132,064 liquidity provider wallets on AAVE V3 (Ethereum mainnet) to validate the technical accuracy and robustness of our zScore algorithm. The data demonstrates strong positive correlations between zScore and key DeFi metrics: TVL, protocol engagement, and capital efficiency.

Research Objective

This is a pure technical validation study - not a business case study. We focus on statistical correlations, algorithm accuracy, and data-driven proof that zScore effectively identifies high-quality liquidity providers.

Total Wallets
132.1K
Liquidity Providers
Median Score
650
Out of 1000
TVL Correlation
0.98
R² coefficient
Protocol
AAVE V3
Ethereum Mainnet

Wallet Distribution by zScore Range

Right-skewed distribution with 64% of wallets in the 500-800 range, validating algorithm's ability to identify quality LPs

Distribution Validation

The right-skewed distribution confirms the algorithm correctly identifies the majority of LPs as moderate-to-strong participants (500-800), with only 7.29% flagged as inactive/dust wallets (0-100) and 4.89% as exceptional contributors (900-1000).

Average TVL vs zScore: Exponential Correlation

Total Value Locked increases exponentially from $8.71 (200-300) to $1.7B (900-1000) - a 195 million times growth

Exponential TVL Correlation (R² = 0.98)

The near-perfect correlation (R² = 0.98) between zScore and TVL proves the algorithm accurately identifies high-value liquidity providers. This exponential growth pattern validates that higher scores directly correspond to significantly higher capital contribution.

Protocol Engagement & Active Days

Multi-protocol engagement scales from 0.01 to 41.71 protocols, demonstrating consistent correlation with zScore

Linear Engagement Growth (R² = 0.96)

Protocol engagement increases 4,171x from lowest to highest scores, while active days grow from 1 to 1,129. This strong linear correlation (R² = 0.96) proves zScore accurately captures multi-protocol participation patterns.

Capital Efficiency: Value per Gas Ratio

Value-per-gas ratio escalates 14,825x, proving high-Z wallets execute larger, more capital-efficient operations

Exponential Efficiency Correlation (R² = 0.94)

The value-per-gas ratio grows from 16.27 to 241,129 - a 14,825x increase. This exponential pattern (R² = 0.94) demonstrates that high-zScore wallets are not just more active, but execute significantly more capital-efficient transactions, validating the algorithm's ability to identify sophisticated DeFi participants.

Key Technical Validations

Four critical metrics prove the robustness and accuracy of the zScore algorithm

Right-Skewed Distribution Validates Algorithm

Out of 132,064 LP wallets, 64% concentrate in the 500-800 range, demonstrating the algorithm's ability to identify moderate-to-strong behavior patterns.

~84,000 wallets

Exponential TVL Correlation

Total Value Locked increases exponentially with zScore - from $8.71 at 200-300 to $1.7B at 900-1000, proving score accuracy.

195,000,000x growth

Protocol Engagement Scales Linearly

Average protocol count rises from 0.01 (200-300) to 41.71 (900-1000), showing consistent multi-protocol engagement at higher scores.

4,171x increase

Gas Efficiency Proves Quality

Value-per-gas ratio escalates from 16.27 to 241,129, demonstrating that high-Z wallets execute larger, more capital-efficient operations.

14,825x efficiency

Statistical Correlation Summary

All three key metrics show strong positive correlations with zScore, validating algorithm accuracy

TVL vs zScore

R² = 0.98
Strong Positive

As Z-scores increase, total value locked demonstrates exponential growth, confirming that higher scores align with higher liquidity contribution.

Activity vs zScore

R² = 0.96
Strong Positive

Transaction frequency and protocol engagement both rise consistently with zScore, reflecting higher engagement levels.

Efficiency vs zScore

R² = 0.94
Exponential Positive

Value-per-gas ratio escalates exponentially, proving high-Z wallets execute more capital-efficient operations.

Research Conclusion

The AAVE V3 analysis of 132,064 liquidity provider wallets provides robust statistical validation of the zScore algorithm. With R² values ranging from 0.94 to 0.98, the algorithm demonstrates exceptional accuracy in identifying high-quality DeFi participants across multiple dimensions: TVL contribution, protocol engagement, and capital efficiency.

0.98
TVL Correlation
0.96
Activity Correlation
0.94
Efficiency Correlation