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loans, meaning that a user must lock an amount of collateral that is larger (in USD) than the amount being withdrawn.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