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Cryptocurrencies:  7,535Markets:  31,612Market Cap:  $394,835,654,69624h Vol:  $101,662,415,278BTC Dominance:  62.2%
Market Cap:  $394,835,654,69624h Vol:  $101,662,415,278BTC Dominance:  62.2%Cryptocurrencies:  7,535Markets:  31,612
LEND has migrated to AAVE at a rate of 100 LEND per 1 AAVE. For more information, please see Aave's announcement
Aave

Aave (AAVE)

$33.00 USD (-5.80%)
0.00248983 BTC (-1.96%)
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  • Market Cap
    $352,486,871 USD
    26,594 BTC
  • Volume (24h)
    $58,952,124 USD
    4,448 BTC
  • Circulating Supply
    10,681,050 AAVE
  • Total Supply
    16,000,000 AAVE
  • Max Supply
    16,000,000 AAVE
  • Historical data for Aave

    Currency in USD
    Loading...
    DateOpen*HighLowClose**VolumeMarket Cap
    Date
    DateOpen*HighLowClose**VolumeMarket Cap
    Oct 28, 2020
    34.87
    35.56
    32.00
    32.39
    60,533,867
    346,002,819
    Oct 27, 2020
    36.03
    38.87
    34.47
    34.87
    58,581,308
    372,464,564
    Oct 26, 2020
    37.90
    39.16
    35.07
    36.03
    50,307,223
    384,880,122
    Oct 25, 2020
    39.46
    40.93
    37.60
    37.90
    43,970,452
    404,862,645
    Oct 24, 2020
    41.69
    42.44
    38.73
    39.46
    57,658,170
    421,421,064
    Oct 23, 2020
    37.73
    42.55
    36.92
    41.69
    76,081,860
    445,257,058
    Oct 22, 2020
    35.10
    39.86
    33.59
    38.03
    54,717,366
    402,396,251
    Oct 21, 2020
    32.25
    37.08
    32.05
    35.16
    43,831,235
    324,997,301
    Oct 20, 2020
    36.04
    36.32
    32.10
    32.18
    60,632,326
    297,449,169
    Oct 19, 2020
    40.84
    41.00
    35.95
    36.01
    49,289,897
    332,872,221
    Oct 18, 2020
    41.39
    41.75
    39.53
    40.75
    40,441,163
    376,635,994
    Oct 17, 2020
    39.49
    43.08
    38.63
    41.37
    43,339,687
    382,367,032
    Oct 16, 2020
    42.89
    43.91
    39.14
    39.50
    52,855,205
    365,071,463
    Oct 15, 2020
    51.39
    52.08
    44.02
    44.02
    5,883,146
    221,547,139
    Oct 14, 2020
    51.37
    57.85
    49.63
    51.32
    3,132,405
    258,274,393
    Oct 13, 2020
    52.24
    57.48
    49.60
    51.12
    1,386,221
    257,307,050
    Oct 12, 2020
    49.66
    54.42
    48.75
    52.24
    1,354,836
    262,915,666
    Oct 11, 2020
    49.13
    51.45
    48.72
    49.66
    692,151
    249,940,843
    Oct 10, 2020
    46.82
    51.41
    46.70
    49.13
    1,074,627
    247,288,429
    Oct 09, 2020
    43.76
    47.57
    43.29
    46.82
    815,538
    235,632,208
    Oct 08, 2020
    39.89
    44.90
    36.70
    43.76
    1,658,817
    220,265,142
    Oct 07, 2020
    42.40
    42.41
    35.97
    40.08
    682,834
    67,130,037
    Oct 06, 2020
    53.29
    53.40
    40.73
    42.40
    583,091
    71,011,441
    Oct 05, 2020
    52.68
    55.11
    49.79
    53.22
    0
    89,128,129
    Oct 04, 2020
    53.18
    55.07
    50.69
    52.68
    0
    0
    Oct 03, 2020
    0.523836
    65.31
    0.523801
    53.15
    0
    0
    Oct 02, 2020
    0
    0.516571
    0
    0.516571
    0
    0

About Aave

Aave price today is $33.00 USD with a 24-hour trading volume of $58,952,124 USD. Aave is down 5.80% in the last 24 hours. The current CoinMarketCap ranking is #43, with a market cap of $352,486,871 USD. It has a circulating supply of 10,681,050 AAVE coins and a max. supply of 16,000,000 AAVE coins. You can find the top exchanges to trade Aave listed on our crypto exchanges page.

What Is Aave (AAVE)?


Aave is a decentralized finance protocol that allows people to lend and borrow crypto.

Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.

Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!)

AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.

Who Are the Founders of Aave?


Aave, and its predecessor ETHLend, were founded by Stani Kulechov. At the time, he was frustrated at the lack of lending applications on Ethereum — and his project was built before decentralized finance even existed.

Kulechov is a serial entrepreneur who went to law school and began programming when he was a teenager. He was an early adopter in the blockchain space. The CEO has said that he wanted to rebrand ETHLend as Aave so the company could offer a wider range of services beyond Ether lending.

According to Kulechov, Aave’s main target market are people who are already engaged in the cryptocurrency community.

What Makes Aave Unique?


Aave has several unique selling points when compared with competitors in an increasingly crowded market. During the DeFi craze in the summer of 2020, it was one of the biggest projects in terms of the total value of crypto locked in its protocol.

The project allows people to borrow and lend in about 20 cryptocurrencies, meaning that users have a greater amount of choice. One of Aave’s flagship products are “flash loans,” which have been billed as the first uncollateralized loan option in the DeFi space. There’s a catch: they must be paid back within the same transaction.

Another big selling point is how those who borrow through Aave can alternate between fixed and variable interest rates. While fixed rates can provide some certainty about costs during times of volatility in the crypto markets, variable rates can come in handy if the borrower thinks that prices will fall in the near future.

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How Many AAVE (AAVE) Coins Are There in Circulation?


Circulation is linked to the total value locked on Aave, as tokens are burned whenever the protocol gathers fees.

An initial coin offering was held in November 2017, where $16.2 million was raised by selling one billion AAVE tokens at a rate equivalent to $0.0162 a piece. At the time, 23% of AAVE tokens were assigned to its founders and project.

AAVE tokens have been built based on the ERC-20 standard, and they are designed to be deflationary. In the event of a shortfall in the DeFi protocol, staked tokens would be used as collateral as a last resort.

In July 2020, Aave unveiled plans to hold a token swap. This means that the 1.3 billion AAVE tokens in circulation would be swapped for the newly minted AAVE cryptocurrency at a ratio of 1:100, creating a total supply of 16 million AAVE. (Three million of this would be held in reserve.)

How Is the Aave Network Secured?


Aave’s open-source protocol is built on Ethereum, a blockchain that is currently making the transition from Proof-of-Work to Proof-of-Stake.

Where Can You Buy Aave (AAVE)?


Some of the biggest exchanges that list AAVE tokens include CoinDCX, Binance, CoinBene and OKEx. You can find out more about how to convert fiat into crypto here.


Aave Price

Aave Price$33.00 USD
Aave ROI
6,256.25%
Market Rank#43
Market Cap$352,486,871 USD
24 Hour Volume$58,952,124 USD
Circulating Supply10,681,050 AAVE
Total Supply16,000,000 AAVE
Max Supply16,000,000 AAVE
All Time High
$57.85 USD
(Oct 14, 2020)
All Time Low
$32.00 USD
(Oct 28, 2020)
52 Week High / Low
$57.85 USD /
$32.00 USD
90 Day High / Low
$57.85 USD /
$32.00 USD
30 Day High / Low
$57.85 USD /
$32.00 USD
7 Day High / Low
$42.55 USD /
$32.00 USD
24 Hour High / Low
$34.73 USD /
$32.00 USD
Yesterday's High / Low
$35.56 USD /
$32.00 USD
Yesterday's Open / Close
$34.87 USD /
$32.39 USD
Yesterday's Change$-2.48 USD (-7.10%)
Yesterday's Volume$60,533,867 USD
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