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Aave(AAVE)

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$91.003
(-4.89%)
0.00175862 BTC
Market Cap (Rank#62)
$1,341,197,349
25,918 BTC
Vol 24h
$86,449,640
1,671 BTC
Circulating Supply
14,737,951.44
Max Supply
16,000,000
14 days agocryptodaily
Investors Shift Gears, Eyeing NuggetRush Alongside Render and Aave for Potential High Yields
NuggetRush (NUGX) is a revolutionary NFT gaming platform that seamlessly blends crypto, gold mining,
18 days agonulltx
Aave Faces Bearish Trend With 25% Drop Amid Whale Selling And MEV Losses
Aave, a prominent DeFi platform, has encountered a downward trend over the past three months, witnessing a significant 25% decline in its value. The bearish sentiment persists, with additional losses of 12% and 3% observed over the past 7 days and 24 hours, respectively. Insights from on-chain analytics provided by […]
22 days agocryptodaily
(NEWS) As New Narratives Form for Cronos (CRO) and AAVE, Investors Reckon Algotech (ALGT) Presents the Best Presale This Year
Learn what Cronos (CRO) and AAVE have to offer as Algotech (ALGT) demonstrates the prospect of high Roi after the best presale this year.
22 days agocryptodaily
(NEWS) As New Narratives Form for Cronos (CRO) and AAVE, Investors Reckon Algotech (ALGT) Presents the Best Presale This Year
Learn what Cronos (CRO) and AAVE have to offer as Algotech (ALGT) demonstrates the prospect of high ROI after the best presale this year.
25 days agocryptodaily
Aave (AAVE) Begins Voting on V3, Monero (XMR) Dips while Pushd (PUSHD) Skyrockets in Q1
As the next bull run draws close, Aave (AAVE) initiates a crucial vote for the deployment of its transformative Aave (AAVE) V3. Meanwhile, Monero (XMR) experiences a dip amid market fluctuations. In stark contrast, Pushd (PUSHD) defies all expectations, selling out in an impressive 5 days. Let’s take a closer look at each and find out more about these tokens.
27 days agonulltx
Whales Target This Top Three Altcoins: $UMA, $LDO, $AAVE, Watch Out For Price Action
Whales in the crypto realm have recently shown a keen interest in three specific tokens – UMA, LDO, and AAVE, according to on-chain reports. UMA has been a standout performer, delighting investors with an impressive surge of over 190% in the past week and a remarkable 289% increase over the […]
34 days agonulltx
Whale Sell-Offs Indicate Significant Downturn For $LDO And $AAVE
Over the past 24 hours, both $LDO and $AAVE have experienced notable declines in their respective values, shedding 15% and 3%. The primary catalyst for these downturns appears to be substantial token sales by prominent holders, commonly known as whales. Insights from on-chain analytics platform Spotonchain unveiled a recent sizable […]
41 day agocoindesk
Aave Community Votes To Integrate PayPal’s Stablecoin
Majority of token holders favor onboard PYUSD in AAVE's Ethereum pool, the ongoing vote shows.
44 days agonulltx
Decentralized Finance Trends: Aave (AAVE) and Synthetix (SNX) Align with Pullix (PLX) Momentum
The DeFi market is growing daily as traditional investors show interest in decentralized platforms. New entrants like Pullix set the pace for old coins like Aave and Synthetix to follow. Pullix has now reached stage 6 of its presale, having raised over $3million and selling over 60million PLX tokens. Aave […]
56 days agonulltx
Aave ($AAVE) And Maker ($MKR) Show Signs Of Renewed Accumulation Amid Recent Downturn
Recent data from Lookonchain highlights a notable increase in the accumulation of tokens like Aave ($AAVE) and Maker ($MKR), with prominent whales taking a leading role in this renewed interest. The accumulation, particularly by a whale wallet identified as “0x04e9,” raises expectations of a potentially bullish movement for these cryptocurrency […]
56 days agocryptodaily
While Bitcoin Stumbles, Get Ready for Polygon (MATIC), Avalanche (AVAX) and Aave (AAVE) as 2024's Top Altcoins
Embark on the dramatic shift in the crypto landscape as 2023 ends. Find out how Bitcoin's dominance is fading and making way for rising stars like Polygon (MATIC), Avalanche (AVAX), and Aave (AAVE). Dive into our article to see how these altcoins are redefining the market with groundbreaking technology and what this means for the future of cryptocurrency. Don't miss out on the thrilling evolution of the crypto world!
63 days agocryptodaily
Litecoin (LTC) in the Shadows as Aave (AAVE) Surfs the Bullish Tide: Will the Mood Change?
Step into the dynamic world of cryptocurrency as Aave (AAVE) rides the bullish wave, showcasing remarkable gains. The intrigue deepens as we explore whether Litecoin (LTC) can pick up the positive mood, offering insights into its potential reversal. Discover the contrasting tales of bullish triumph and bearish struggles, unraveling the mysteries of these crypto giants. Stay informed and navigate the exciting crypto landscape with our in-depth analysis.
75 days agocryptodaily
The Next Big Players in the Crypto Space: Aave (AAVE), Ripple (XRP), and Meme Moguls (MGLS)
New cryptos are created daily, but only a few hold the same potential as Aave (AAVE), Ripple (XRP), and Meme Moguls (MGLS).
78 days agocoindesk
Stani Kulechov Defied Crypto Winter
With upgrades to the Aave lending/borrowing protocol and Lens, an open-source social media protocol, the Estonian native kept BUIDLing in a down-market.
84 days agocryptodaily
Bitcoin (BTC) consolidation boosts Aave (AAVE) and Meme Moguls (MGLS) price
With Fidelity and BlackRock both recently filing for spot Bitcoin and Ethereum ETFs, more institutional options could soon emerge for crypto exposure.
95 days agocryptopotato
Aave Ecosystem Rebranding to Avara
This is not the first name change the project has been through, but it will be the last.
96 days agocointelegraph
Aave Companies rebrands to Avara, acquires Ethereum self-custody ‘Family Wallet’
Liquidity protocol Aave’s parent company has been rebranded to Avara as it looks to streamline its suite of infrastructure products to attract a broader Web3 user base.
98 days agocryptodaily
Aave Lending Markets Pick Up Operations After Security Concerns
Aave, the decentralized lending protocol, has successfully resumed its operations after facing security vulnerabilities earlier this month.
99 days agocryptopotato
Aave V3 Markets Resume Operations Following Security Vulnerabilities
Aave V3 markets are unpaused, resolution reached after temporary measures. Aave V2 Ethereum to be unpaused tomorrow.
99 days agocoindesk
Lens, Aave's Decentralized Social Media Platform, Launches Major Upgrade on Polygon
The open source protocol spearheaded by DeFi giant Stani Kulechov has released a bevy of new monetization features.
105 days agocryptodaily
Aave (AAVE) Price Analysis: AAVE Rises Despite Reports Of A Feature Issue
Decentralized finance (DeFi) platform Aave paused several markets on the 4th of November after users reported an issue affecting a specific feature on the platform, according to a post on X.
106 days agocoindesk
Smart Contract Platform Llama Raises $6M From Investors Including Polygon, Aave Founders
Llama aims to make governance of blockchain protocols more effective by enabling protocols to encode roles and permissions to take on-chain actions.
106 days agocryptopotato
Aave Initiates Vote to Temporarily Disable Stable Borrows Across All Networks
Aave promptly implemented necessary measures to prevent further escalation of the situation, safeguarding user funds.
108 days agocointelegraph
Aave pauses several markets after reports of feature issue
The pause affects multiple markets, including Aave V2 Ethereum Market and certain assets on Aave V2 on Avalanche. In addition, certain assets on Polygon, Arbitrum, and Optimism have been frozen.

About Aave?

The live price of Aave (AAVE) today is 91.003 USD, and with the current circulating supply of Aave at 14,737,951.44 AAVE, its market capitalization stands at 1,341,197,349 USD. In the last 24 hours AAVE price has moved -2.8269 USD or -0.03% while 86,801,461 USD worth of AAVE has been traded on various exchanges. The current valuation of AAVE puts it at #62 in cryptocurrency rankings based on market capitalization.

Learn more about the Aave blockchain network and how it works or follow the price of its native cryptocurrency AAVE and the broader market with our unique COIN360 cryptocurrency heatmap.

Aave is a non-custodial liquidity pool-based DeFi (Decentralized Finance) protocol that allows people to easily borrow and lend crypto assets, without any middleman. While lenders/depositors provide liquidity to Aave's pool, thereby earning passive income, borrowers can borrow crypto assets against collateral, avoiding the need to sell their assets for liquidity. As it’s completely open-source, anyone can interact with Aave through smart contracts, APIs or a user interface client.

Launched initially by Stani Kulechov in 2017 as ETHLend on the Ethereum blockchain, Aave Protocol came as a rebrand with new features in January 2020, aiming to deliver a broader range of services. Currently, Aave Protocol is deployed on multiple blockchains including Ethereum, Polygon, Avalanche, Harmony and Optimism. 

As per Kulechov, Aave’s primary market consists of people who are already actively involved in the crypto community. Aave features among the top five protocols in terms of TVL, and a couple of Aave’s standout features are ‘Flash Loans’ that allow users to take crypto loans without pledging any collateral, and ‘Rate Switching’ which enables borrowers to easily switch between floating and fixed interest rates.

AAVE price

AAVE price stayed under $100 for most of 2020 and closed the year at a value of $88.5. Boosted by the crypto-wide positive market sentiment, AAVE coin broke out of $100 resistance on Jan. 4, 2021, for the first time ever. It maintained an upward trend thereafter and breached multiple resistance levels to reach $581 on Feb. 10, 2021. 

After that surge, the price of AAVE fluctuated within the range of $350 to $450 till May 2021, and registered an all-time high of $668 on May 18, amid 2021’s first major crypto bull run. This happened a month after Aave Protocol launched on the Polygon network. AAVE’s fully diluted valuation stood at $10+ billion at that price point. However, it couldn’t sustain the $600+ price for long and went into a corrective phase, receding to $170 around a month after posting its ATH. 

Backed by Aave Protocol’s continuous expansion and adoption efforts, AAVE coin made a comeback and returned to $400+ territory once again by mid-Aug 2021. By the end of the year, AAVE was trading in the vicinity of $250. It fell further and stayed within the price range of $100 - $250 during Q1, 2022. According to our AAVE live price chart, having tested $100 support multiple times, AAVE price eventually gave into the selling pressure and fell below $100 in Q2 2022.

How AAVE works

Aave Protocol works by bringing crypto borrowers and lenders on the same platform, to enable smooth lending and borrowing of funds, thus doing away with the need for any trusted middleman. Lenders deposit their crypto assets into a liquidity pool contract, to provide liquidity. They receive ‘aTokens’ in return which are pegged at a 1:1 ratio to the deposited tokens/coins. The pooled funds can be simultaneously loaned-out to borrowers, in the same contract, in exchange for collateral. There’s no need for individual matching of loans, as the entire process happens through pooled funds. Users can borrow and lend over 30 different cryptocurrencies, including DAI and ETH. 

AAVE, the native token of Aave Protocol, was created based on Ethereum’s ERC-20 token standard. It serves as a governance token that allows the Aave community to collectively decide the protocol’s future roadmap. AAVE holders can also deposit/stake their tokens into the protocol and earn rewards for their contribution to its security.

Aave Protocol is audited by some of the world’s leading security firms like Trail of Bits, Sigma Prime, Open Zeppelin, Certora, Peckshield and ABDK, thus ensuring the safety of the users’ funds.

AAVE news, updates and highlights

Aave has been making continuous improvements to its protocol ever since its launch. These developments have helped it make headlines more often than any of its competitors. In an important Aave news, in February 2022 the protocol successfully passed a cross-chain governance proposal, thus taking a major step toward blockchain interoperability, and multi-chain governance systems.

Aave also announced a new project called Lens Protocol the same month. It helps developers in building innovative social networking dApps (Decentralized Applications) on the Polygon blockchain.

Thereafter, in March 2022, Aave launched its version 3, called the v3 upgrade, thus making a significant improvement to its earlier liquidity pools model. Aave v3 came with the promise of bolstered security, greater decentralization, improved user-interface and efficiency.

Frequently asked questions about AAVE

  • Can I stake my AAVE tokens?

Yes, you can stake your AAVE tokens to earn more AAVE as staking rewards.

  • What are some of the best AAVE wallets?

Some of the wallets recommended on Aave’s official website are Ledger, Trust Wallet, Coinbase Wallet, Gnosis, Frame and Argent.

  • What can you do with AAVE tokens?

You can use your AAVE tokens to vote on Aave Improvement Proposals (AIPs) and help shape the protocol’s future. AAVE tokens can also be staked for earning rewards.

  • How can you buy AAVE cryptocurrency?

The recommended way to buy AAVE is from reputed crypto exchanges, with fiat currency, or in exchange for popular crypto coins like BTC, USDT and ETH

Aave Price91.003 USD
Market Rank#62
Market Cap1,341,197,349 USD
24h Volume86,449,640 USD
Circulating Supply14,737,951.44 AAVE
Max Supply16,000,000 AAVE
Yesterday's Market Cap1,386,975,291.78 USD
Yesterday's Open / Close96.9374 USD / 94.1105 USD
Yesterday's High / Low97.2333 USD / 91.1402 USD
Yesterday's Change
-0.03% ( 2.8269 USD )
Yesterday's Volume86,801,460.74 USD
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