About Aave
Aave (AAVE) is an Ethereum token that powers Aave, a decentralized non-custodial money market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow cryptocurrencies in exchange for paying a variable interest rate.
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AAVE ranks second in DeFi volume despite ↘30% daily decline, building on gains exceeding 50% over six months.
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Buyer Ratio
Traders
566
-18.33%
Buyers
343
-21.33%
Sellers
235
-12.96%
Searched
667
Market Stats
Market Cap
€3.82B
-0.41%
FDV
€4.02B
Circ. Supply
15M AAVE
Max Supply
16M AAVE
Total Supply
16M AAVE
Total Value Locked
€36.67B
Diluted Valuation
€4.02B
Performance
Popularity
#31
Dominance
0.12%
Volume (24H)
€194.93M
-31.27%
Volume (7D)
€2.33B
Volume (30D)
€7.66B
All time high
€570.38
Price Change (1Y)
81.72%
Additional details
Market details
AAVE vs markets
↘ 2.14%
AAVE vs BTC
↘ 0.04%
AAVE vs ETH
↗ 5.12%
Tags
defi
dao
yield-farming
governance
+4
Network & Addresses
Network | Address | |
---|---|---|
Ethereum | 0x7Fc66500c84A76Ad7e9c93437bFc5Ac33E2DDaE9 | |
Avalanche C-Chain | 0x8cE2Dee54bB9921a2AE0A63dBb2DF8eD88B91dD9 | |
Polygon | 0xD6DF932A45C0f255f85145f286eA0b292B21C90B | |
Solana | 3vAs4D1WE6Na4tCgt4BApgFfENbm8WY7q4cSPD1yM4Cg |
Price history
Time | Price | Change |
---|---|---|
Today | €250.57 | ↘ 0.55% |
1 Day | €252.21 | ↘ 0.55% |
1 Week | €265.70 | ↘ 5.36% |
1 Month | €257.69 | ↘ 1.79% |
1 Year | €145.28 | ↗ 81.72% |
Coinbase insights
Happening now
AI generated 3h ago
AAVE ranks second in DeFi volume despite ↘30% daily decline, building on gains exceeding 50% over six months.
Market Position
•
Maintains second position in DeFi trading volume, ahead of LINK which dropped ↘47%
•
Weekly decline ↘4% outperforms DeFi category average ↘5%, while trailing CVX's ↗6% gains
•
Monthly performance ↘1% underperforms emerging DeFi protocols like ETHFI which surged ↗37%
Recent trends
The latest AAVE price is €250.57. Compared to Aave's value of €252.21 from 24 hours ago, there's been a -1% decrease, while the current price is -5% down from €265.70 which was recorded one week ago. Aave's all time high is €570.38, which was reached on May 18, 2021. This is a -56% change from its price today.
The current circulating supply of Aave is 15,232,109. This is 95% of its max supply of 16,000,000 AAVE and 95% of its total supply of 16,000,000. The market cap is currently €3.82B, which is a result of multiplying the current price of Aave(€250.57) by the total supply(16,000,000 AAVE). The fully diluted valuation of Aave is €4.02B. The diluted valuation of Aave is €4.02B.
Aave had 343 buyers, 235 sellers and total 566 trades in the last 24h. Aave was searched 667 times in the last 24h.
FAQ
Aave (AAVE) is a decentralized finance protocol that aims to facilitate lending and borrowing of cryptocurrencies. The name Aave, meaning "ghost" in Finnish, was adopted in September 2018, replacing its original name, ETHLend, which was launched in November 2017. AAVE tokens serve dual purposes on the platform: they provide holders with discounted fees and act as a governance token, allowing owners to participate in the future development of the protocol. The protocol was founded by Stani Kulechov, a serial entrepreneur with a background in law and programming, who sought to create a lending application on the Ethereum blockchain.
Aave operates by allowing users to lend and borrow approximately 20 different cryptocurrencies. Lenders receive yields by depositing digital assets into specially created liquidity pools. Borrowers, on the other hand, can use their crypto as collateral to take out a flash loan using this liquidity. One of Aave's unique features is its "flash loans," which are uncollateralized loan options that must be paid back within the same transaction. Additionally, Aave allows borrowers to switch between fixed and variable interest rates, providing flexibility based on market conditions.
Aave seeks to cater to individuals already engaged in the cryptocurrency community, offering a range of services beyond Ether lending. Its unique selling points include the ability to lend and borrow in a variety of cryptocurrencies, offering users a variety of choices. The platform's flagship product, "flash loans," are the first uncollateralized loan options in the DeFi space, providing a specific use case. Furthermore, the ability to switch between fixed and variable interest rates allows borrowers to switch between fixed and variable interest rates during volatile market conditions.
Aave, initially known as ETHLend, was launched in November 2017 by Stani Kulechov. The platform underwent a rebranding in September 2018, adopting the name Aave. An initial coin offering was held in November 2017, raising $16.2 million by selling one billion AAVE tokens. In July 2020, Aave conducted a token swap, swapping the 1.3 billion AAVE tokens in circulation for the newly minted AAVE cryptocurrency at a ratio of 1:100. Aave's open-source protocol is built on Ethereum, a blockchain that transitioned from Proof-of-Work to Proof-of-Stake.
We update our Aave to EUR currency in real-time. Get the live price of Aave on Coinbase.
The current market cap of Aave is €3.82B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Aave is €570.38. This all-time high is highest price paid for Aave since it was launched.