Aave (AAVE) Market Overview
Current Aave (AAVE) Price: $270.81
24-Hour Trading Volume: $232,422,985
Price Change (24h): -3.96%
Key Metrics:
- Circulating Supply: 16M AAVE
- Max Supply: 16M AAVE
- Total Supply: 16M AAVE
- Market Capitalization: $4.33B
What Is Aave (AAVE)?
Aave is a decentralized lending protocol enabling users to deposit and borrow cryptocurrencies. Interest rates are algorithmically determined based on supply and demand, with price fairness ensured via Chainlink oracles.
Historical Context
- Rebranding: ETHLend transitioned to Aave ("ghost" in Finnish) in 2018, emphasizing transparency in DeFi.
- Token Migration: In October 2020, LEND tokens were converted to AAVE at a 100:1 ratio.
Unique Features
- Decentralized Lending Pools: Users earn passive income by supplying assets or borrowing against collateral.
- Flexible Rates: Borrowers can switch between fixed and variable interest rates.
- Safety Module: Staked AAVE acts as insurance against protocol deficits, incentivizing users with daily rewards.
AAVE vs. LEND: Key Differences
| Feature | AAVE | LEND |
|---------------|-------------------------------|--------------------|
| Governance | Yes | Yes |
| Safety Module | Yes (30% asset coverage) | No |
| Incentives | 400 AAVE/day for stakers | N/A |
Cooling Period: 7 days to unstake AAVE (adjustable via governance).
Aave Ecosystem
Social Links
- Twitter: Aave Official
- Telegram: Aavesome Community
Contract Addresses
| Network | Address |
|-----------------|-------------------------------------------------------------------------|
| Ethereum | 0x7Fc66500c84A76Ad... |
| BNB Chain | 0xfb6115445bff7b52... |
| Solana | 3vAs4D1WE6Na4tCg... |
👉 Explore Aave's DeFi Solutions
FAQ
How do I track Aave’s price?
Use platforms like CoinCarp for real-time crypto prices, market data, and analytics.
What’s Aave’s safety module?
A staking pool where locked AAVE covers protocol shortfalls, offering 400 AAVE/day in rewards.
Can I borrow with fixed rates?
Yes! Aave allows switching between fixed and variable rates anytime.