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AAVE

AAVE

AAVE Market Stats

AAVE Price

$22,014.48

AAVE Price Change (24H)

$22,014.48

AAVE Price (24H Low)

$22,014.48

AAVE Price (24 High)

$22,014.48

AAVE Price (All Time High)

$22,014.48

AAVE Market Cap

$22,014.48

AAVE Volume (24H)

$22,014.48

AAVE Circulating Supply

$22,014.48

AAVE Price Live Data

The live [Bitcoin] price today is [$20,014.48] with a 24-hour trading volume of [$44.6b]. The [BTC] price is updated in real-time. [Bitcoin] is [up/down] [45.77%] in the last 24 hours. The current [Bitcoin] live market cap is [$189,3B] with a circulating supply of [121.3M] [BTC] coins and a max supply of [21,000,000] [BTC] coins.

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What is AAVE?

AAVE is a decentralized finance (DeFi) cryptocurrency solution that has made borrowing and lending digital coins easy. This DeFi protocol does not only support cryptocurrency lending but also allows people to lend real-world real estate.

Although lending and borrowing of assets is nothing new to the financial world, AAVE made it possible on a decentralized platform. As a result of that decentralization, there’s no need for a third party when lending assets with this platform.

AAVE started as a financial solution hosted on the Ethereum network. Therefore, it uses the same smart contract functionality popular with the blockchain. It is also on other blockchains, including Harmony, Fantom, and Avalanche.

The native token for this decentralized application is known as AAVE, an ERC-20 token, making it compatible with the Ethereum blockchain.

Aave Coin 2 - Comparewise

Who Created AAVE?

The cryptocurrency solution AAVE was founded by a company of the same name. Stani Kulechiv founded the company, a profit-oriented establishment, in 2017.

Stani showed interest in the Ethereum blockchain while studying law at the University of Helsinki. This got him to investigate how the existence of such blockchains would affect the world’s financial system.

Upon its release in 2017, it was referred to as ETHLend, a platform that allows users to lend and borrow Ethereum. The public received this DeFi app well, allowing its Initial Coin Offering (ICO) to be $16.2 million. During this period, ETHLend introduced its native token called LEND.

With the creation of ETHLend, Stani acquired some valuable experience and decided to advocate for an open transaction system. This led to the rebranding of ETHLend to AAVE in 2018.

Unfortunately, the rebranding brought about many changes to the network, especially to the Lend tokens. Hence, individuals that still owned Lend tokens were allowed to exchange 100 Lend for 1 AAVE.

How Does AAVE Work?

AAVE works by using a Decentralized Autonomous Organization (DAO) protocol to create a lending pool. These lending pools are created using a non-custodial liquidity mechanism.

The cryptocurrency network works like a standard loan financial institution. Here, lenders can provide their native tokens to be used for the liquidity pool to earn a tidy interest. Borrowers can borrow certain crypto funds using suitable collateral while paying back with interest.

To this effect, there are mainly two types of tokens: AAVE tokens and aTokens.

  • AAVE tokens are the native cryptocurrencies of the network.
  • aTokens are like a badge issued to the users, enabling them to collect interest on their lending activities.

The collateral that this network accepts is usually in the form of fiat currency or other cryptocurrencies. For collateral to be suitable, it needs to cost more than the cryptocurrencies you’ll be borrowing. This concept of over-collateralization provides financial security to the lenders in the case of a crypto price fluctuation.

The platform will liquidate their collateral when customers don’t pay back the borrowed crypto assets. It will then use it to recover all the customer owed. This can also happen when the amount the customer offers doesn’t entirely pay off the loan.

Among the loans offered by AAVE are Flash Loans, which require no collateral. A flash loan can occur in seconds and requires customers to borrow cryptocurrency for a quick trade. The customer borrows the cryptocurrency, quickly trades it, earns some profit, and returns the original amount.

Is AAVE a Good Investment?

This cryptocurrency is an outstanding investment for investors since it allows them to borrow cryptocurrency without being charged a transaction fee. The platform also offers more tokens to customers using AAVE coins as collateral.

The platform has slowly become popular due to its regular and flash loan services. All these qualities have made it a suitable investment opportunity since the DeFi marker will only get bigger.

FAQs about AAVE

How Many AAVE Coins Are There?

There are roughly 14 million AAVE tokens currently circulating on the market.

How Is AAVE Secured?

AAVE is, first and foremost, a non-custodial platform; this means that it never claims ownership of any cryptocurrency. Hence, the digital coins are still in the care of the customers, who can store them in their wallets or offline. It is also secured through its new safety module feature that acts as insurance if there’s a liquidity deficit.

What Can You Use AAVE For?

AAVE is used to vote on matters that will govern the affairs of the network. Interested investors can use their tokens as collateral to increase their borrowing limit. Users can also use this token to trade on cryptocurrency exchanges.

AAVE News

Loan Amount

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Loan Amount

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Best AAVE Apps

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Get a $30 Coinberry bonus when you sign up
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Get a $30 Shakepay bonus when you sign up
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Earn up to $16 worth of crypto in Coinbase
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Trade Bitcoin free and get up to $100 in welcome rewards
Min Investment
$50
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Up to 500 USDT welcome bonuses for new users
Min Investment
$5
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Get $100 when you top up $1k + earn up to 20% APR
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$1,000
Coins Available
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Trade crypto at competitive rates in Changelly
Low Fees
0.5% - 5%
Coins Available
200+
Trade crypto, stock, and metals in one place
Min Investment
$1
Coins Available
130+

Best AAVE Wallets

Earn up to 8% yield on your crypto with Secure Wallet
Min Investment
$85 USD
Coins Available
70+
Limitless wallet addresses on one device
Storage Type
Cold
Coins Available
40+
Easy-to-use, ready within 10 minutes
Storage Type
Cold
Coins Available
1000+
Manage over 5,500 digital assets + install over 100 apps
Storage Type
Cold
Coins Available
100+
Full colour touchscreen + encrypted storage on cloud
Storage Type
Cold
Coins Available
1000+
Connect through Bluetooth + use Ledger Live app
Storage Type
Cold
Coins Available
100+
Earn up to $16 worth of crypto in Coinbase
Min Investment
$25
Coins Available
100+
Stake and earn almost up to 40% yield
Min Investment
$50
Coins Available
50+
Stake and earn 5%-20% APY + get cash back
Storage Type
Cold
Coins Available
300+
Manage multiple wallets in one platform
Storage Type
Software
Coins Available
IOTA
Earn up to 11.01% APR with staking crypto
Min Investment
$50
Coins Available
1 million+
Buy Crypto directly with USD, EUR, and GBP
Min Investment
1 XLM
Coins Available
255+

AAVE Analysis

AAVE Analysis Summary

AAVE is the future of decentralized finance, with a goal that’s paving the way for an easily accessible financial system. Its DAO protocol has also added an extra option to business people’s lending and borrowing options.

The platform has also revealed its lofty ambitions from its plans of launching GHO, its stablecoin. This would soon become a reality if there were a motion of approval from most token holders. All of this would only improve the value of this DeFi app, making its future one worth looking forward to.

Nonetheless, what are the thoughts of DeFi experts regarding the future of AAVE? Crypto analysts have high hopes for this DeFi cryptocurrency, seeing it as a worthwhile investment. They believe it would average $140.71 in 2023 and then rise to $169.65 in 2024.

Another qualitative leap is still foreseen for this DeFi cryptocurrency, as it should reach $194.74 in 2025. In 2030, this value would have climbed much higher, as it would be $423.88.

After analyzing the historical data, and its performance in recent months, experts believe that this token has a future. They believe it should rise to $224.67 in 2023 before reaching $241.23 in 2024. Following this aggressive price trend, AAVE should reach $335.63 by 2025.

Analysis Q&As

What is AAVE price today?

AAVE price today is [price] within 24-hour trading volume of [Volume].

What was the highest price for AAVE?

AAVE hit an all time high of [All High].

What was the lowest price for AAVE?

AAVE had an all time low of [All Low].

What was the 24 hours trading volume of AAVE?

The 24 hour trading volume of AAVE is [Volume].

Where can AAVE be traded?

You can trade AAVE on Crypto.com, Kraken, Binance, and FTX. The popular trading pairs for AAVE in the market includes AAVE/USD, AAVE/CAD, AAVE/EUR, AAVE/GBP, and AAVE/AUD. AAVE is a token that is related to the DeFi... categories.

What exchange is AAVE on?

Online traders can buy or sell AAVE (AAVE) on the top crypto exchange, such as Crypto.com, Kraken, Binance, and FTX.

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AAVE Technicals

See Comparewise coin rating definitions for more information.

AAVE Price Statistics
AAVE Price Today

08/16/2022

AAVE Price

$22,014.48

AAVE Price Change (24H)

$22,014.48

AAVE Price (24H Low)

$22,014.48

AAVE Price (24H High)

$22,014.48

AAVE Price (All Time High)

$22,014.48

AAVE Market Cap

$22,014.48

AAVE Volume (24H)

$22,014.48

AAVE Circulating Supply

$121.3M

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