aave

AaveAAVE

Live Aave price updates and the latest Aave news.

price

$114.93

$0

(0%)

24h low

$110.38

24h high

$115.07

The live Aave price today is $114.93 USD with a 24-hour trading volume of $1.42M USD. The table above accurately updates our AAVE price in real time. The price of AAVE is up 0.84% since last hour, up 2.11% since yesterday. The live market cap, measured by multiplying the number of coins by the current price is $1.15 USD. AAVE has a circulating supply of 14.75M coins and a max supply of 16.00M AAVE.

about Aave

What is Aave?

Aave is a decentralized, non-custodial liquidity market protocol that offers lending services to its users. Suppliers generate yield for providing their assets to the market, while borrowers are able to take on loans in an overcollateralized (perpetually) or undercollateralized (flash loan) fashion. The protocol is entirely open-source, which allows anyone to interact with the protocol's interface. Aave was originally built on the Ethereum network, but the community has since voted to deploy on Polygon and Avalanche as well.  


Aave (AAVE) is a decentralized finance (DeFi) lending platform that allows users to lend, borrow, and earn interest on crypto assets. It operates as a decentralized money market protocol, with borrowers paying variable interest rates and lenders providing liquidity to the market to earn passive income. Aave aims to create an open and transparent system, eliminating the need for intermediaries. It runs on the Ethereum blockchain and uses smart contracts to manage funds and enable instant loans.

History of Aave

Aave was launched in January 2017 by developer Stani Kulechov, a Finnish programmer who is currently the CEO of Aave. He graduated from the University of Helsinki in 2018 and has experience in the crypto technology, fintech, and blockchain space. Aave was initially called Ethland but was renamed in 2018. The platform conducted an ICO on November 29, 2017, raising $17.86 million. Aave's whitepaper was released in January 2020, and the V2 protocol's mainnet went live on December 3, 2020.

How does Aave work?

The Aave protocol is a system of smart contracts that manages funds and enables instant loans. The protocol algorithmically determines interest rates for borrowers and lenders based on various factors, such as the funds available in the pool and the amount the borrower requires. Aave offers two key innovations: stable interest rates for financial planning and flash loans that don't require collateral and can be used for arbitrage opportunities.

AAVE is the native token of the Aave platform, an ERC-20 token primarily used as a governance token. It is used for voting on Aave improvement proposals (AIPs) and offers transaction fee discounts to users who deposit AAVE as collateral. Aave is a deflationary token, with approximately 80% of the collected fees being used to burn AAVE, reducing token availability and increasing token value.

How are new AAVE tokens created?

New AAVE tokens are created through staking, where users deposit their AAVE tokens within the protocol. Staking acts as a mitigation tool in case of a shortfall event, where the protocol uses 30% of the staked assets to cover the deficit. The protocol rewards liquidity providers with 550 new AAVE tokens per day, split among stakers according to their contribution. Users can stake AAVE by visiting the Aave app's staking section and connecting their wallet.

In summary

Aave has emerged as a significant player in the DeFi landscape, offering innovative lending solutions and a transparent, decentralized platform. With its unique features and growing adoption, Aave continues to attract interest from both borrowers and lenders in the world of digital finance.

market data

Market Cap

$ 1.70B

2.11 %

Market Cap Rank

#69

24H Volume

$ 202.73M

Circulating Supply

15,000,000

Aave Stats

What is the market cap of Aave?

The current market cap of Aave is $1.70B. A high market capitalization implies that the asset is highly valued by the market.

What is the current trading activity of Aave?

Currently, 202.73M of AAVE were traded within 24 hours of time. In other words, 202.73M have changed hands within the past 24 hours through trading. That's a change of 2.11%.

What is the current price of Aave?

The price of 1 Aave currently costs $114.93.

How many Aave are there?

The current circulating supply of Aave is 14.75M. This is the total amount of AAVE that is available.

What is the relative popularity of Aave?

Aave (AAVE) currently ranks 69 among all known cryptocurrency assets. The popularity is based on relative market cap.