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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 88
Current price $60.21
Change 24h -0.66%
Change 7d 7.23%
Market Cap $848 605 202
Available supply 14 093 193 AAVE
Volume 24h $91 245 739
Updated Monday, November 28, 2022 9:00:02AM UTC
Nature Coin
Mineable No
Discussion
WWW Website

Aave price change 24 hours

Aave Short Term Forecast

After Price Change
1 day $64.26 6.71%

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loans, meaning that a user must lock an amount of collateral that is larger (in USD) than the amount being withdrawn.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 58.36 57.41 58.70 827 202 502
Nov 20 58.61 56.36 61.17 794 245 289
Nov 21 56.17 54.67 57.07 784 861 470
Nov 22 55.95 51.21 56.68 798 746 627
Nov 23 57.30 56.77 58.43 814 954 226
Nov 24 58.35 57.68 59.15 822 005 961
Nov 25 58.15 56.96 59.59 829 794 868
Nov 26 59.01 59.01 61.56 856 173 534
Nov 27 61.71 60.52 62.96 886 898 950
Nov 28 61.52 59.62 62.11 848 605 202

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 56.8% 88 $16 240.61 -1.80% 1.41% $312 124 680 527 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 61.6% 86 $1 174.73 -3.19% 4.91% $143 756 826 010 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.8% 1 $0.999656 0.01% 0.08% $65 340 189 558 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 66.4% 66 $296.09 -5.68% 15.44% $47 366 512 227 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 93.6% 1 $1.000129 0% -0.01% $44 316 728 602 USDC 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 91.2% 1 $1.000369 0.01% -0.06% $22 395 787 629 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 61.2% 75 $0.383432 -3.99% 9.04% $19 286 169 244 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 59.2% 89 $0.096021 -0.86% 27.21% $12 739 192 925 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 61.6% 81 $0.306128 -3.70% 0.94% $10 541 165 942 ADA 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 91.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 64% 68 $0.822534 -3.82% 3.23% $7 184 273 125 MATIC 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 66% 72 $5.18 -3.91% -0.19% $5 909 367 523 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 92.4% 1 $1.000041 -0.01% 0.02% $5 660 340 456 DAI 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 61.2% 79 $0.052693 -0.83% 5.23% $5 357 648 670 WTRX 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 65.2% 70 $72.15 -6.36% 19.41% $5 174 160 484 LTC 7 days price change

News, Promo

AAVE
What Is Crypto Lending and How Does It Work?

Crypto lending allows cryptocurrency owners to lend their coins to borrowers. They will gain some profit as a result of this. It's more like putting money in a savings account...

10 Nov 2022
AAVE
Aave v3 launch triggers 50% rally from long-term descending channel pattern

AAVE price broke from its long-term downtrend after the launch of Aave v3 added support for six different blockchain networks in the DeFi space...

31 Mar 2022

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