AAVE price

in USD

$286.39

+$14.6200 (+5.37%)

USD

$4.35B #24

15.18M / 16M

$665.71

$424.23M

3.9 / 5

USD

AAVE

About AAVE

DeFi

Last audit: Dec 2, 2020, (UTC+8)

AAVE’s price performance

3 months

+128.23%

$125.48

30 days

+13.01%

$253.41

7 days

+6.34%

$269.30

Today

-0.36%

$287.40

AAVE in the news

71%

Buying

Updated hourly.

More people are buying AAVE than selling on OKX

AAVE on socials

At the heart of all conversations in crypto is a struggle between attention & economic output. What we call a bear market is just a market trending towards complete efficiency. It is a divergence between narrative and what works fiscally. Between economic output and hypotheticals. The L2 playbook was refined in the boom era of 2021. Raise money from known VCs, list on a large exchange, pretend to build an ecosystem, and you have a shot at a high enough valuation. This worked at a time when the count of assets was scarce and attention was not commanded by meme assets. In 2024, that playbook was ripped apart; first by meme assets, and then by the emission of large-cap assets with no bids. All frontier technologies come with a bit of speculation. The forward-leaning prices are what you pay for an early-stage entry into what could be huge down the road. But between the multitude of networks and an inability to expand the user base that exists, much of crypto appears to be trending in only one direction. The exceptions are ventures that have been doing things differently. Few come to mind. 1. @maplefinance Maple Finance does almost as much as Aave in fees each month, with a fraction of the capital in loans issued. Part of the reason is their focus on a single niche. Much of their yield comes from Bitcoin or USDC-based yield that is oriented towards lending to institutions. Their yield of 9.9% is a convincing enough value proposition compared to most. According to data from @tokenterminal , Maple has spent ±33 million to get to this point. But the loan book has now begun showing a J-curve for growth, alongside earnings trends to positive, both of which mimic conventional start-up hockey sticks 2. @phantom According to data from @DefiLlama , Phantom Wallet has done close to $400 million in interface fees compared to Metamask’s ±145 million. One was an early entrant in the most established ecosystem. The other was a relatively nascent player in a smaller ecosystem. And yet, one has far surpassed the other quite possibly by building where the users are. Phantom, besides being an incredible wallet, focused on where the users were. On Solana. And then expanded the networks it supports. You can see similar figures on @AxiomExchange (±$140 million) . Whether this sustains remains to be seen but it points towards where the money is being made in crypto. 3. @AethirCloud My favorite among this mix has been Aethir. They provide access to niche GPUs to aid the demand induced by rising interest in AI. According to data from Token Terminal, they have done ±9 million in earnings on revenue of $72 million over the course of the year. Does it make as much noise on crypto twitter? Probably not. But it is focused on a niche segment where capital flows are heavy. And that reflects in how the network’s earnings are. All frontier technologies are cursed to be valued wrongly. Either you are paying a premia for future growth, or a discount for fear in the markets. Much of crypto’s current crop of assets struggle to validate what they are worth. This would matter as two forces eat into the market Meme assets eat into the historical bids that once came for the marginal asset on crypto exchanges. Traditional capital allocators scrutinise the P/S ratios of these assets. The revenue meta is not going away. It is here to stay. It is the mark of an asset class trending to efficiency. This has been the primary argument behind investors like @TraderNoah and @Arthur_0x . Crypto’s great age of divergence is here, and much like all divisions, this will divide the industry into two— ecosystems that capture attention, and ones with economic flywheels. The ones that do both, will eventually dominate. It is a story that rhymes with how Google, Meta and Amazon came to dominate much of the web.

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AAVE FAQ

AAVE is a decentralized crypto lending platform that facilitates the borrowing and lending of digital assets. AAVE automates the lending process using smart contracts, making it efficient and secure. The protocol focuses on overcollateralized loans, where borrowers must deposit more crypto assets as collateral than the amount they wish to borrow.

AAVE differs from Compound (COMP) in several ways. AAVE provides flash loans, enabling consumers to borrow assets without security for a brief duration. On the other hand, COMP does not provide flash loans. Additionally, AAVE offers a decentralized governance mechanism where token holders may vote on modifications to the platform.

Easily buy AAVE tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include AAVE/BTC, AAVE/USDT, and AAVE/USDC. Users are also able to purchase AAVE with a choice of over 90 fiat currencies via the “Express buy” option.

You can also swap your existing cryptocurrencies, such as XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for AAVE with zero fees and no price slippage by simply using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into AAVE, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

Currently, one AAVE is worth $286.39. For answers and insight into AAVE's price action, you're in the right place. Explore the latest AAVE charts and trade responsibly with OKX.

Cryptocurrencies, such as AAVE, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.

Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as AAVE have been created as well.

Check out our AAVE price prediction page to forecast future prices and determine your price targets.

Dive deeper into AAVE

The AAVE team introduced the AAVE Protocol to the market in 2020, marking a significant milestone as it enabled users to leverage actual cash on the platform. Before this, the idea of borrowing and lending cryptocurrencies appeared unconventional. Since its inception, the AAVE protocol has revolutionized the decentralized finance (DeFi) ecosystem. AAVE is one of the most renowned lending protocols within the DeFi space. But what precisely is the AAVE protocol, and what factors contributed to its widespread acclaim?

What is AAVE?

AAVE, formerly known as ETHLend, is a prominent decentralized money market protocol that facilitates the lending and borrowing of crypto assets. The protocol operates through a native token called AAVE, which serves as a governance token, empowering the community to shape the protocol's trajectory collectively.

Within the AAVE protocol, lenders can generate income by supplying liquidity to the market, while borrowers can collateralize their crypto assets to secure loans from the available liquidity pools. AAVE supports decentralized and non-custodial lending, allowing users to earn interest on their holdings and borrow various crypto assets. The protocol operates fully decentralized and incorporates a governance mechanism that relies on the AAVE token.

The AAVE Team

AAVE was initially founded in 2017 by Stani Kulechov under the name ETHLend. Kulechov's original vision was to create a platform that connected borrowers with lenders in a peer-to-peer (P2P) fashion. However, faced with various challenges, Kulechov shifted the approach to a peer-to-contract model, ultimately transforming ETHLend into AAVE.

How does AAVE work?

AAVE allows users to deposit their assets into a liquidity pool, earning interest in proportion to their contributions. Individuals can obtain a loan by providing collateral as an asset on the borrowing side. If the loan cannot be repaid, the protocol can liquidate the collateral to cover the outstanding debt.

Collateralized loans

Collateralized loans AAVE offers overcollateralized loans, requiring borrowers to deposit crypto assets worth more than the amount they wish to borrow. This ensures lenders are protected from potential loan defaults and allows the AAVE protocol to liquidate the collateral if its value significantly declines.

Flash loans

The AAVE protocol also enables flash loans, allowing users to borrow any amount of money from the protocol's capital without providing collateral. However, it is essential to note that the loan must be repaid almost immediately within the same transaction block.

AAVE’s native token: AAVE

When you deposit funds into AAVE, you receive an equivalent amount of tokens. These tokens are crucial to the network as they allow you to earn interest through lending activities.

Tokenomics

The AAVE ecosystem consists of a total of 16 million AAVE tokens, with 14.393 million tokens currently in circulation. It's important to note that 3 million tokens from the total supply are allocated to the founding team. These tokens play a significant role in supporting the development and growth of the AAVE protocol.

AAVE use cases

AAVE has multiple use cases within the DeFi protocol. Firstly, it is widely used for staking and governance, allowing token holders to participate actively in the decision-making process and contribute to the development of the protocol.

Additionally, AAVE plays a crucial role in facilitating lending and borrowing services offered by the protocol. Users can borrow funds against their collateral, participate in collateral swaps, and even utilize flash loans for quick and efficient transactions.

AAVE Distribution

The distribution of AAVE tokens is as follows:

30 percent of the tokens were set aside for the core development of the DeFi protocol.
20 percent of the tokens were allocated for developing a user-friendly interface, ensuring a smooth user experience.
20 percent of the tokens were allocated for management and legal costs of maintaining the protocol.
20 percent of the tokens were used for promotions and marketing activities to increase awareness and adoption.
10 percent of the tokens are reserved for covering overhead costs related to the operation of the AAVE ecosystem.

What the future holds for AAVE

The future looks promising for AAVE and its token holders, as the protocol has set ambitious goals for its ecosystem. With a clear vision and strategic plans, AAVE is poised to maintain its position as a leading protocol for borrowing and lending in the crypto industry.

However, it is important to note that the rapidly evolving crypto ecosystem regularly introduces new innovations and competition. The AAVE team must stay agile and prepared to navigate the challenges posed by emerging projects to sustain their success.

Disclaimer

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