Aave Price

Coin Prices

RVN

$0.02217618

0.56%

Price data by

DecryptCoinsAave

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Aave

aave

$157.80

-2.572%

Decentralized Finance (DeFi)

Governance

Yield Farming

BNB Chain Ecosystem

24-Hour Range

$152.80

$166.60

Low

High

Market Cap (Mcap)

Rank

#55

Mcap

$2.36B

Fully Diluted Mcap

$2.52B

Supply

Circulating

14,979,656

Total

16,000,000

Created On

N/A

All Time High (ATH)

ATH

$661.69

ATH Change

-76.17%

ATH Date

May 18th, 2021

Total Value Locked (TVL)

TVL

$17.51B

MCap to TVL Ratio

0.14

FDV to TVL Ratio

0.14

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Learn about Aave

COMPUTER NETWORK c. Rodrigo Martinez/Decrypt

What Is Aave? Inside the DeFi Lending Protocol

DeFi protocol Aave is one of the largest lenders of cryptocurrency and its AAVE token has a larger market cap than rivals Maker or Compound. Here's how it works.

Aave News

Oct 3, 2024

Markets

Grayscale Launches Aave Fund for Ethereum Lending Token

Asset manager Grayscale has launched a fund giving investors exposure to AAVE, the token behind the Ethereum-centric decentralized lending protocol Aave and the 44th biggest cryptocurrency by market cap. The Grayscale Aave Trust allows investors to buy shares that track the price of the asset. It will operate like a closed-end fund, not an exchange-traded fund (ETF) that Grayscale offers Bitcoin and Ethereum investors following SEC approvals this year. "Grayscale Aave Trust gives investors expos...

by Mat Di Salvo · 2 min read

Sep 11, 2024

DeFi

Aave Considers Coinbase's cbBTC Wrapped Bitcoin, Sparking Decentralization Debate

The Aave community is evaluating a proposal to integrate Coinbase's upcoming Bitcoin wrapper, cbBTC, into its V3 protocol. The potential connection between a centralized exchange and a decentralized finance (DeFi) platform has ignited a debate about the future of DeFi and the balance between innovation and decentralization. The proposal from the Aave Chan Initiative (ACI) would link cbBTC to both the Base network and Ethereum mainnet. The plan includes an incentive package of $150,000 over thre...

by Murtuza Merchant · 2 min read

Sep 4, 2024

DeFi

Trump Crypto Project Aims to Maintain US Dollar Supremacy With Stablecoins

The team behind World Liberty Financial, an upcoming crypto project promoted by the Trump family, said Wednesday that the DeFi platform aims to maintain global U.S. dollar supremacy through the use of stablecoins. The revelation comes after CoinDesk reported that a leaked white paper for the project details a borrowing and lending platform reminiscent of Dough Finance, a recently hacked protocol. The report suggested that World Liberty Financial hails from multiple Dough team members, and would...

by Ryan S. Gladwin · 3 min read

Jul 10, 2024

Markets

These Alts Are Outpacing the Crypto Market Rebound

As the crypto market looks to recover from a treacherous couple of weeks, altcoins have seen a healthy rebound. Most notably, layer-1 network Sui has jumped 5.3% on the day to $0.72 while crypto lending protocol Aave climbed 4.5% to $86.60. This comes after significant selling pressure mounting on the market in recent weeks. The German government started to offload over $3.5 billion worth of Bitcoin seized as the result of criminal cases. During this, defunct exchange Mt. Gox has been preparing...

by Ryan S. Gladwin · 2 min read

Jul 17, 2023

Technology

Aave Companies Launch V2 Lens, Introducing 'Blocking' to Crypto Social App

Lens Protocol, a crypto-powered social media platform built by the Aave Companies, is rolling out several key features in its latest update. Notably, V2 will let Lens users finally block one another on-chain, much like on Web2 equivalent Twitter. Blocked accounts won't be able to comment, follow, quote-comment, or execute unique, crypto-specific features such as mirror and collect. Collect lets users gather and store content on Lens as an NFT, while mirror is the platform's equivalent of a retwe...

by Liam J. Kelly · 2 min read

Jul 16, 2023

DeFi

Come for The Token, Stay for The Product. Right?

Decrypting DeFi is Decrypt's DeFi email newsletter. (art: Grant Kempster) Launching a token is a delicate task. On the one hand, you’ll thrill your die-hard audience of early adopters, rewarding them for sticking it out for so long. On the other, you invite hungry whales to come and harvest your project for its incentives, often hogging the lion’s share of the tokens being dished out (before flipping them for a profit shortly after). This latter outcome is especially bad if these tokens also ser...

by Liam J. Kelly · 5 min read

May 27, 2023

DeFi

When DAOs Self-Execute—What Could Go Wrong?

Decrypting DeFi is Decrypt's DeFi email newsletter. (art: Grant Kempster) This past week we got two examples of when self-executing proposals go wrong for DAOs. One proposal on Aave resulted in roughly $110 million in assets freezing after the proposal passed, and another on Tornado Cash saw a crafty proposer make off with roughly 372 ETH, worth over $670,000. The Aave proposal has been fixed, and a new proposal executed the fix. As for Tornado Cash, the proposer has made a new proposal to retur...

by Liam J. Kelly · 4 min read

Feb 6, 2023

DeFi

Aave CEO: New Security Upgrades 'Silo the Risk Away'

First proposed in November 2021, Aave’s latest upgrade is finally here. Launched earlier this month, V3 of the DeFi lending protocol has already raked in more than $143 million across the first seven assets listed. Though the asset list is far shorter than the previous iteration, the project’s founder and CEO Stani Kulechov says this upgrade is all about managing risk. Why Aave v3's New Portal Feature Could Be a Game-Changer “The DeFi space itself has been growing significantly, so we’ve seen mo...

by Liam J. Kelly · 4 min read

Dec 5, 2022

Business

Aave Companies Acquires Social Metaverse Developer Sonar

Software development company Aave Companies today announced the acquisition of Sonar, a San Francisco-based metaverse developer where players can build worlds and interact with user-created spaces using non-fungible tokens (NFTs). Aave Companies is the umbrella entity for various crypto projects, including the lending and borrowing protocol Aave, the up-and-coming social platform Lens Protocol, as well as the stablecoin GHO. While the terms of the deal are undisclosed, the acquisition will see S...

by Andrew Asmakov · 3 min read

Nov 29, 2022

DeFi

DeFi Giants Aave, Compound Freeze Markets and Cap Loans to Mitigate Risks

DeFi protocols Aave and Compound have implemented new safety measures in light of the ongoing turmoil in crypto markets. On Sunday, Aave executed a proposal to freeze the markets for 17 different assets in the Aave V2 lending pool on the Ethereum network, including the Yearn.Finance (YFI), Curve DAO (CRV), Gemini Dollar (GUSD), Maker (MKR), and 1inch (1INCH) tokens. Aave and Compound, both crypto lending protocols, account for $3.7 billion and $1.7 billion worth of the total value locked in the...

by Stacy Elliott · 5 min read

Nov 16, 2022

DeFi

Gemini Dollar Lending Rates Spiked as High as 73% on Aave Amid Genesis Freeze

Gemini Dollar lending rates on decentralized finance (DeFi) lending protocol Aave soared as high as 73% on Wednesday after Gemini announced that withdrawals from its Earn product may be delayed due to Genesis' lending arm halting withdrawals outright. Genesis services the exchange's Earn product. There are two likely reasons that these rates would spike above 50%. The first is that speculators are attempting to short the asset. Second, liquidity may be fleeing the pool and being converted to an...

by Stacy Elliott · 3 min read

Nov 8, 2022

Business

Twitter Won’t Go Web3 ‘Anytime Soon’: Aave CEO Stani Kulechov

Despite Elon Musk's recent takeover of Twitter, Aave co-founder and CEO Stani Kulechov believes the microblogging platform won't be on the blockchain anytime soon. On the latest episode of Decrypt’s gm podcast, Kulechov spoke about the greater role he expects Web3 to play in social media and outlined his vision for Lens Protocol, a blockchain-based social mediaverse where users can retain and import their social capital across various platforms. Kulechov defined “social capital” as “followers...

by Tim Hakki · 3 min read

Nov 3, 2022

DeFi

Aave Votes to Deploy on Ethereum Layer-2 Solution zkSync

Following a three-day voting period, Aave community members approved Matter Labs' proposal to deploy the decentralized lending protocol Aave on its Ethereum scaling product zkSync. Matter Labs is the development team behind the layer-2 scaling solution. Nearly all voters supported the proposal, while a mere 0.02% abstained. More than 561,000 Aave governance tokens (AAVE) were used in the voting process. However, the approved proposal is to deploy Aave to zkSync’s testnet. For mainnet deployment...

by Sujith Somraaj · 3 min read

Nov 2, 2022

DeFi

Singapore Tests Institutional DeFi on Ethereum, Welcomes USDC Issuer

The Monetary Authority of Singapore’s (MAS) decentralized finance pilot program just executed “the first real-world use case for institutional-grade DeFi protocols,” Aave founder Stani Kulechov told Decrypt. J.P. Morgan, DBS Bank and SBI Digital Asset Holdings yesterday used the Aave protocol on Polygon—a layer-2 scaling solution—to complete foreign exchange and government bond transactions on the Ethereum network. The banks exchanged tokenized versions of Singapore government securities bonds...

by Stacy Elliott · 3 min read

Nov 1, 2022

Coins

Aave's Stani Kulechov: What Sets Our GHO Stablecoin Apart

Aave co-founder Stani Kulechov feels more optimistic than ever that the $5 billion DeFi lending protocol's upcoming stablecoin GHO (pronounced "go" like ghost, the project's mascot) will solve real world payment problems. “I think it's a big issue, because just going back a couple of months ago, I was visiting Buenos Aires, Argentina, and stablecoins are actually used to preserve value and transact,” he said on the latest episode of Decrypt's gm podcast. “So for example, the national currency i...

by Stacy Elliott · 3 min read

Oct 24, 2022

DeFi

Aave Launches Staked Ethereum Earn Strategy Through Oasis

Aave has launched a Lido Staked Ethereum, or stETH, earn strategy through Oasis.app, the frontend for borrowing DAI, MakerDAO’s stablecoin. The new strategy will allow users to borrow Ethereum, or ETH, against their stETH. It’s always been possible to do that by first depositing ETH and borrowing stETH from the Lido protocol, then going to another platform, like Aave, to loan stETH in exchange for ETH again. But Oasis will allow users with ETH to enter into the recursive strategy in a single tra...

by Stacy Elliott · 3 min read

Oct 24, 2022

Business

Robinhood Adds Aave and Tezos

Trading app RobinHood has added cryptocurrencies Tezos (XTZ) and Aave (AAVE), allowing users to buy and sell the tokens on its platform. The company tweeted the announcement on Monday, linking to a web page showing crypto that has been newly listed on Robinhood. Tezos is a proof-of-stake blockchain network, while Aave is a decentralized lending protocol. Both their native tokens have market capitalizations of over $1 billion. AAVE @AaveAave and XTZ @tezos are now on Robinhood #CryptoListinghttp...

by Alys Key · 2 min read

Aug 1, 2022

The Projects

What Is Aave? Inside the DeFi Lending Protocol

Aave is a decentralized finance (DeFi) protocol that lets people lend and borrow cryptocurrencies and real-world assets (RWAs) without having to go through a centralized intermediary. When they lend, they earn interest; when they borrow, they pay interest. Aave was originally built atop the Ethereum network, with all the tokens on the network also using the Ethereum blockchain to process transactions; they are known as ERC20 tokens. Aave has since expanded to other chains, including Avalanche, F...

by Jeff Benson, Sander Lutz · 8 min read

Jul 31, 2022

DeFi

Aave DAO Approves Creating GHO Stablecoin

An overwhelming majority of Aave DAO voters have approved creating a new stablecoin. The proposal, submitted by Aave Companies, was backed by 99.9% of voters, who pledged half a million AAVE in approving the measure to create GHO, a stablecoin that will be backed by collateral consisting of other cryptocurrencies. Aave is a decentralized, non-custodial market protocol that enables users to borrow and lend cryptocurrencies. While providing liquidity to the cryptocurrency market, users can earn pa...

by André Beganski · 3 min read

Jul 14, 2022

Markets

DeFi Blue-Chip Tokens Aave, Uniswap, Curve Post Fresh Gains

The crypto roller coaster sees no end as the overall market bounced back into the green zone on Thursday morning, with decentralized finance (DeFi) blue-chip tokens such as Aave, Uniswap, and Curve significantly outperforming the rest of the pack. AAVE, the native token of the cryptocurrency lending platform Aave, hit a daily high of $81.31 in the early hours today. Although the price of the token slid to $78.87 by press time, it is still up a hefty 9.7% over the past 24 hours, according to data...

by Andrew Asmakov · 2 min read