Aave (AAVE)

$100.08

-0.54%

Discover Aave (AAVE) and its dynamic movement with real-time charts and updates. Explore the AAVE market, learn crypto trading, and dive into the evolving digital finance world. Stay informed with news coverage and market insights for informed decisions.

Aave (AAVE) Price Real Time-Data

The live price of Aave (AAVE) is $100.08 with a 24-hour trading volume of $106.64M. Its 24-hour peak value is $101.26, and its 24-hour low is $97.12. The current circulating supply is 14.88M AAVE, leading to a fully diluted market capitalization of $1.49B. The Aave (AAVE) to USD price is updated in real-time.

What is Aave (AAVE)?

Aave is a decentralized finance protocol enabling cryptocurrency lending and borrowing. Lenders earn interest by depositing digital assets into liquidity pools, while borrowers can use their crypto as collateral to obtain fast loans.

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FAQ

Who are the founders of Aave (AAVE)?

Aave, previously known as ETHLend, was founded by Stani Kulechov. Frustrated by the lack of lending apps on Ethereum, he aimed to expand services beyond Ether loans. Kulechov, a serial entrepreneur and early blockchain adopter, envisioned Aave as a broader DeFi platform.

How many Aave (AAVE) are there?

Aave's total supply initially involved a token sale, raising $16.2 million by selling one billion AAVE tokens at $0.0162 each in November 2017. A portion went to founders and the project. AAVE operates on the ERC-20 standard and is designed to be deflationary.

What are the potential use cases for Aave (AAVE)?

Aave offers unique features such as flash loans and the ability to switch between fixed and variable interest rates. Users can borrow and lend over 20 cryptocurrencies, enjoying a wide range of options. AAVE holders receive platform fee discounts and governance rights.

What is the history of Aave (AAVE)?

Aave emerged as a major DeFi project in 2020, boasting high total value locked in its protocol. It introduced innovative products like flash loans and flexible interest rate options. A token swap in 2020 exchanged 1.3 billion AAVE tokens for the new AAVE cryptocurrency at a ratio of 1:100, resulting in a total supply of 16 million AAVE tokens.