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Aave Price

(AAVE)

$89.979
0.00%(5m)

1m5m15m1h8h1d1W
Aave (AAVE) Live Price Chart

    Aave Live Price Data

    The live price of Aave is 89.979, with a total trading volume of -- in the last 24 hours. The price of Aave changed by +2.54% in the past day, and its value has decreased by -7.88% over the last week. With a circulating supply of 15,416,361 AAVE, the market cap of Aave is currently 0 , marking a +2.54% increase today. Aave currently ranks #46 in market cap.

    How do you feel about AAVE today?

    Note: This data is for reference only.
    pk

    AAVE(AAVE) Profile

    altRank46
    rateA
    Expand
    $87.663
    $91.01

    ATH
    $666.86497857
    Price Change (1h)
    -0.21%
    Price Change (24h)
    +2.54%
    Price Change (7d)
    -7.88%
    Market Cap
    24h Volume
    Circulating Supply
    15,416,361
    Max Supply
    16,000,000

    About Aave

    • What is Aave (AAVE)?

      AAVE is the native token of the Aave Protocol, a decentralized non-custodial platform that provides liquidity in the crypto market. Users can provide liquidity via smart contracts to Aave and earn attractive returns. In addition, they can also borrow crypto assets from Aave in an overcollateralized or undercollateralized manner.

      Aave protocol originally started on the Ethereum blockchain but operates on additional blockchains. As of January 2023, it is the third largest DeFi platform on the Ethereum network. Aave also works on Ethereum Layer-2 networks such as Polygon, Optimism, Arbitrum, and other blockchains, such as Avalanche, Fantom, and Harmony.

      The completely decentralized community-governed DeFi protocol leverages AAVE as its governance tokens. AAVE token holders enjoy voting rights on Aave Improvement Proposals (AIPs) submitted by other users, including what new assets to support in the platform and future upgrades to its features.

      Users can also stake AAVE to contribute to securing the Aave platform, earning attractive interest in return for their efforts. The rewards earned by stakers include a portion of the fees generated by the Aave Protocol.

    • How Does Aave Work?

      The Aave Liquidity Protocol is one of the crypto industry’s largest decentralized finance (DeFi) projects. As liquidity providers, users can supply liquidity in supported crypto assets on the platform and generate passive income on their holdings.

      The platform lets users and dApp developers borrow cryptocurrencies against their collateral across multiple blockchain networks and assets. What sets Aave apart from its competitors is the concept of flash loans that enables instant loans of crypto funds from the protocol without any collateral. However, they need to return the liquidity to Aave's liquidity pools within the period of one block transaction.

      Suppliers earn interest from what the borrowers pay Aave. The rates for supplying and borrowing vary based on the demand and supply of each crypto asset supported by the DeFi protocol.

      The latest version, Aave V3, offers greater capital efficiency, improved security, cross-chain functionality, and higher levels of decentralization. Another key feature of Aave V3 is the Isolation Mode, which allows the platform to list new assets as isolated assets with a specific debt ceiling, to manage risks better.

    • History of Aave Protocol

      Aave was founded as ETHLend by Stani Kulechov on the Ethereum blockchain in 2017 as a decentralized peer-to-peer (P2P) lending platform. Its initial coin offering (ICO) raised $16.2 million to fund its operations and growth.

      The company rebranded from ETHLend to Aave in September 2018. In January 2020, Aave Protocol launched on Ethereum as a liquidity protocol where users could supply liquidity and earn interest, borrow assets to fund their projects, and more.

      In April 2021, the Aave Protocol introduced its liquidity mining program, becoming the biggest lending dApp by TVL and relative market cap. The platform enjoyed an all-time high total value locked (TVL) of more than $19 billion in late October 2021.

      In January 2022, its founder and CEO, Stani Kulechov, announced that Aave would develop its own mobile wallet. Following a testnet launch in January 2022, Aave V3 went live in March 2022 across Polygon, Fantom, Avalanche, Aribtrum, Optimism, and Harmony ecosystems.

    FAQ

    • How much is 1 Aave (AAVE) worth?

    • Is Aave (AAVE) a Good Investment?

    • What is the AAVE Crypto Price Prediction?

    • What is AAVE Token Used For?

    • How to Earn AAVE Tokens

    • What Are the New Features in Aave V3?

    • What is the all-time high price of Aave (AAVE)?

    • What is the all-time low price of Aave (AAVE)?

    • How much Aave (AAVE) is there in circulation?

    • How do I store Aave (AAVE)?