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ETH$2 050.06

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Aave (AAVE) Price, Market Cap and Information


Aave (AAVE) Buy Aave Now
Aave (AAVE) Aave (LEND) is a cryptocurrency token and operates on the Ethereum platform. Aave is a decentralized cryptocurrency lending platform. In fact, it was the first DeFi lending protocol when it launched its first main net as ETHlend.
CVIX 50
Current price $97.15
Change 24h 2.03%
Change 7d 15.03%
Market Cap $1 422 796 951
Available supply 14 644 940 AAVE
Volume 24h $137 054 238
Updated Tuesday, November 28, 2023 11:00:03PM UTC
Nature Coin
Mineable No
Discussion
WWW Website

Aave price change 24 hours

Aave Short Term Forecast

After Price Change
1 day $104.07 7.12%

Aave Price Predictions

Aave General Information

General AAVE facts, technical details and Aave Cryptocurrency information

Aave (LEND) is a cryptocurrency token and operates on the Ethereum platform. Aave is a decentralized cryptocurrency lending platform. In fact, it was the first DeFi lending protocol when it launched its first main net as ETHlend in 2017 (this was before DeFi was even a thing!).

Aave allows users to lend and borrow cryptocurrencies in a decentralized and trustless manner. Simply put, there is no middle-man involved and no Know Your Customer (KYC) or Anti Money Laundering (AML) documentation is required to use the platform. In a nutshell, lenders deposit their funds into a “pool” from which users can then borrow. Each pool sets aside a small percentage of the asset as reserves to help hedge against any volatility within the protocol. This also conveniently allows lenders to withdraw their funds at any time.

Aave is strong of a +100k community, whose backing and feedback represent an integrated part of the company’s development process.

Aave offers 17 different assets for lending and borrowing including the Dai stablecoin (DAI), USD coin (USDC), True USD (TUSD), Tether (USDT), Synthetix USD (sUSD), Binance USD (BUSD), Ethereum (ETH),  ETHlend (LEND), Basic Attention Token (BAT), Kyber Network (KNC), Chainlink (LINK), Decentraland (MANA), Maker (MKR), Augur (REP), Synthetix Network (SNX), Wrapped Bitcoin (wBTC) and 0x (ZRX). While this is an impressive list indeed, not all of them can be used as collateral for a crypto loan. Like other lending protocols within the space, Aave offers overcollateralized loans, meaning that a user must lock an amount of collateral that is larger (in USD) than the amount being withdrawn. This amount depends on the asset and ranges from 50-75%.

“Aave” is a Finnish word which translates to “ghost” in English. The ghost represents Aave’s focus of creating a transparent and open infrastructure for decentralized finance.

Depositors provide liquidity by depositing cryptocurrencies into lending pools which will then allow them to earn interest. Meanwhile, borrowers can obtain loans by tapping into these lending pools in either an overcollateralized or undercollateralized way. The loans do not need to be individually matched i.e. one lender to one borrower. Instead, deposits into the pool and the amounts borrowed/ collateral are used to make instant loans based on the pool’s state. There are currently 2 money markets that users can enter into, these are Aave and Uniswap. Aave will soon be supporting 2 more markets: Set and Next.

Aave’s aim is to fill in the gaps left by centralised fintech industry giants like PayPal, Skrill and Coinbase. Their main product is Aave Protocol, an open source and non-custodial protocol for creating money markets on the Ethereum blockchain.

Aave has one feature that sets it apart from the rest. Flash loans allow customers or to take out loans without any collateral. These flash loans enable a customised smart contract to borrow assets from Aave’s reserve pools within one transaction. The loan is made on the condition that the liquidity is returned to the pool before the transaction ends. However, if it’s not repaid by that time, the transaction gets reversed- which will effectively undo any actions executed until that point and guarantee the safety of the funds in the reserve pool.

Aave Historical Data – 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Nov 19 88.04 87.09 90.22 1 314 373 175
Nov 20 91.63 90.04 92.94 1 325 562 632
Nov 21 90.24 84.46 91.80 1 236 421 202
Nov 22 85.00 85.00 95.54 1 398 762 208
Nov 23 95.17 95.17 97.80 1 406 561 930
Nov 24 95.98 95.98 98.84 1 441 204 830
Nov 25 98.93 100.06 99.82 1 451 364 665
Nov 26 99.50 100.28 99.82 1 442 054 606
Nov 27 98.03 93.88 98.50 1 394 524 406
Nov 28 96.14 93.38 98.60 1 422 796 951

AAVE/USD Price Charts

AAVE to USD price chart – 7 days
AAVE to USD price chart – 30 days
AAVE to USD price chart – 60 days
AAVE to USD price chart – 6 months

* Crypto Rating accepts no liability for any errors in the Aave information, AAVE Prices and AAVE's Market Cap. For the most up-to-date prices please visit the Aave's official website.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 93.6% 7 $37 887.42 2.19% 4.10% $740 914 703 934 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 75.2% 40 $2 050.06 1.43% 5.57% $246 506 860 729 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.2% 1 $1.000301 0.03% 0% $88 925 672 826 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 83.2% 27 $229.58 1.34% 0.61% $34 826 645 047 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 77.6% 39 $0.611178 1.60% 5.44% $32 891 765 662 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 92% 1 $0.999723 -0.03% -0.01% $24 527 694 579 USDC 7 days price change
7 Solana (SOL) SOL Solana predictions 63.2% 84 $57.87 5.81% 12.26% $24 503 935 560 SOL 7 days price change
8 Cardano (ADA) ADA Cardano predictions 70.4% 57 $0.384113 2.50% 6.35% $13 558 501 012 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 76.8% 44 $0.080192 2.84% 12.17% $11 388 879 677 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 93.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 TRON (TRX) TRX TRON predictions 86.4% 26 $0.103213 1.12% 7.03% $9 139 931 162 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 83.6% 27 $0.102906 0.58% 6.65% $9 112 741 438 WTRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 84% 29 $2.45 0.16% 5.46% $8 405 695 668 TON 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 68% 66 $14.48 2.92% 6.94% $8 065 328 705 LINK 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 59.6% 84 $20.54 1.70% 7.11% $7 497 665 518 AVAX 7 days price change

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