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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 41
Current price $77.90
Change 24h -0.51%
Change 7d 0.78%
Market Cap $1 097 895 656
Available supply 14 093 193 AAVE
Volume 24h $58 799 289
Updated Wednesday, March 22, 2023 1:00:03PM UTC
Nature Coin
Mineable No
Discussion
WWW Website

Aave price change 24 hours

Aave Short Term Forecast

After Price Change
1 day $76.45 -1.86%

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loans, meaning that a user must lock an amount of collateral that is larger (in USD) than the amount being withdrawn.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, $
Mar 13 72.97 71.33 76.71 1 078 370 900
Mar 14 76.04 75.50 81.37 1 113 870 342
Mar 15 79.35 72.45 80.37 1 042 181 802
Mar 16 74.00 73.64 75.31 1 052 937 392
Mar 17 75.09 74.18 79.91 1 126 148 725
Mar 18 80.63 78.62 81.36 1 108 028 956
Mar 19 77.76 77.76 81.54 1 131 688 820
Mar 20 79.61 76.61 79.82 1 083 244 645
Mar 21 76.10 75.10 78.88 1 104 735 733
Mar 22 79.05 77.57 79.05 1 097 895 656

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 75.2% 48 $28 279.47 0.07% 13.63% $546 494 314 501 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 83.6% 31 $1 799.37 -0.44% 7.08% $220 196 375 480 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $1.001852 0.03% -0.30% $77 579 753 841 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 78% 46 $326.48 -3.19% 5.28% $51 548 167 677 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 94.4% 2 $0.999094 0.05% -0.02% $35 208 468 704 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 86.8% 15 $0.442825 11.63% 20.07% $22 562 333 716 XRP 7 days price change
7 HEX (HEX) HEX HEX predictions 63.6% 81 $0.105163 5.10% 28.30% $18 236 394 788 HEX 7 days price change
8 Cardano (ADA) ADA Cardano predictions 76.4% 51 $0.371643 7.97% 10.64% $12 903 136 163 ADA 7 days price change
9 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
10 Polygon (MATIC) MATIC Polygon predictions 76.4% 48 $1.15 -0.34% -2.20% $10 039 890 799 MATIC 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 71.6% 55 $0.075145 1.86% 2.48% $9 969 588 590 DOGE 7 days price change
12 Solana (SOL) SOL Solana predictions 73.2% 56 $22.53 -1.79% 9.39% $8 642 061 823 SOL 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 93.2% 1 $1.000025 0.01% -0.03% $8 119 883 434 BUSD 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 75.6% 50 $6.29 0.46% 1.61% $7 344 673 141 DOT 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 84.8% 22 $0.067252 3.83% 1.45% $6 837 900 813 WTRX 7 days price change

News, Promo

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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...

20 Feb 2023
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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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