Cryptocurrency

Aave

AAVE

$ 70.74

0.00329284 BTC

Marketcap

$ 984,341,024

Volume (24h)

$ 175,005,108

Circulating Supply

13,899,035 AAVE

Total Supply

16,000,000 AAVE

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What is Aave?

Aave is a decentralized finance protocol allowing users to borrow and lend crypto. Lenders accumulate interest through placing digital assets into engineered liquidity pools. Borrowers can implement their crypto as collateral and take out a loan through this liquidity. Launched in November 2017, Aave was initially known as ETHLend but rebranded to Aave (which means “ghost” in Finnish) in September 2018. The rebranding helps explain why the ticker is so disparate from its name. AAVE offers holders discounted fees on the platform and works as a governance token by giving owners a say in how the protocol develops moving forwards.

Aave Founders

Stani Kulechov founded Aave, along with its predecessor ETHLend. Kulechov was frustrated by the absence of lending applications on Ethereum and built his project before decentralized finance. An early adopter in the blockchain space, Kulechov rebranded ETHLend as Aave to expand its services beyond Ether lending. Kulechov says that Aave targets people who are already in the cryptocurrency community.

Aave Key Points

Compared to other competitors, there are several Aave selling points. In the DeFi craze of 2020, it was one of the most significant projects for the total value of crypto locked in its protocol. Aave allows people to lend and borrow around 20 cryptocurrencies, which gives users a more substantial amount of choice. “Flash loans” are one of their flagship products and have been billed in the DeFi space as the first uncollateralized loan option. Of course, the catch is that they must be paid back in the same transaction. Another central selling point is the ability for those who borrow through Aave to alternate between variable and fixedinterest rates. Though fixed rates can give a certain amount of security about costs during times of volatility in the crypto markets, variable rates are useful if the borrower predicts prices falling soon.

What are Aave Frequenty Asked Questions?

Where does Aave (AAVE) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, Aave currently ranks in position 53 out of the thousands of cryptocurrencies. It is also important to consider Aave‘s market cap – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. Aave has a market cap of $ 984,341,024, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 409,985,129,931, Litecoin at $ 4,176,271,254, Ethereum at $ 151,097,076,186, Tether at $ 66,969,663,263, and XRP at $ 17,775,962,429.

What is the price of Aave (AAVE) today (updated in realtime)?
The current price of Aave is $ 70.74 in USD. (The price in Euros is 67,23 €; and the price in Bitcoin is Ƀ 0.00329284 BTC.)

What is Aave‘s (AAVE) market supply?
The total available supply of Aave is 13,899,035 AAVE. The total supply of Aave is 16,000,000 AAVE.

What is the 24 hour volume for Aave (AAVE)?
The 24 hour volume for Aave is $ 175,005,108.

How has Aave (AAVE) performed recently?
Aave‘s price has decreased in the last 24 hours by -0.03%. This compares with a seven day change of 22.68%. The trading volume over the last 24 hours was $ 175,005,108. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds. It can be a good indicator of the general interest in the cryptocurrency.

What is Aave (AAVE) official website?
Links to Aave‘s official website, social accounts, blockchain explorer, and Github repository if applicable.

Has Aave (AAVE) performed well historically?
Here is a chart showing how Aave has performed historically.

* Currency in USD

Historical Price for Aave

Date	Open	Close	High	Low	Volume

Where Can I Buy Aave (AAVE)?
Here is a breakdown of the current market prices from top cryptocurrency exchanges.

Aave Markets

#	Source	Pair	Volume	Price	Change	Updated

Charts & Market Data

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