- #32
Aave AAVE
AAVE Price
Market Cap
$4.65 BRank #32FDV
$4.90 BRank #57Investors
X Followers
Detailed Performance
AAVE shows Bullish signs against top cryptocurrencies, leading categories and blockchains over various time periods
AAVE to USD Converter
Price History
- All-Time High
- $659.472.15x to ATH
- All-Time Low
- $26.0211.77x to ATL
- Trade Launch Date
- 3 Oct, 2020
1540 days ago
Exchanges
Exchanges type
About AAVE
Aave is a decentralized finance (DeFi) cryptocurrency that operates on the Ethereum blockchain. It allows users to lend, borrow, and earn interest on their cryptocurrency assets. Aave was originally known as ETHLend and was rebranded in 2018. The platform offers a protocol where users can earn interest on deposits and borrow assets with variable or stable interest rates. It is designed for easy integration into various products and services.
What makes Aave unique?
Aave stands out from other cryptocurrencies due to its focus on decentralized finance (DeFi) and its specific features within the lending and borrowing space. Here are a few factors that make Aave unique:
1. Lending and Borrowing: Aave allows users to lend their cryptocurrency assets and earn interest on them, as well as borrow assets by using their own cryptocurrency as collateral. This feature provides users with opportunities for passive income and accessing liquidity without selling their assets.
2. Pool-Based System: Aave has a pool-based system, which means that users' funds are pooled together, and borrowers can borrow from these pools instead of relying on specific lenders. This pool-based approach enhances efficiency and liquidity.
3. Flash Loans: Aave introduced the concept of flash loans, which are uncollateralized loans that can be instantly borrowed and repaid within the same transaction. Flash loans enable users to access large amounts of liquidity without needing collateral, but they must be repaid within the same transaction or else the loan is reversed.
4. Governance and AAVE Token: Aave has a governance token called AAVE, which allows holders to participate in the decision-making process for protocol upgrades and changes. Holders can vote on proposals and earn rewards for participating in governance.
5. Safety and Security: Aave prioritizes the security of its protocol and has undergone audits by leading security firms. This commitment to safety provides users with confidence in using the platform.
These unique features and its focus on DeFi make Aave a distinct player in the cryptocurrency space.
Live Aave Price Data
The current price of Aave (AAVE) is approximately $306.30, reflecting a increase of 8.22% in the last 24 hours. The AAVE trading volume in the last 24 hours stands at $427.54 million. Aave's market cap is currently $4.65 billion, accounting for about 0.14% of the total crypto market cap. The circulating supply of AAVE is 15.02 million.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Aave's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on AAVE, check out our crypto insights page.
Official Links
AAVE to USD Converter
Price History
- All-Time High
- $659.472.15x to ATH
- All-Time Low
- $26.0211.77x to ATL
- Trade Launch Date
- 3 Oct, 2020
1540 days ago