Aave
AAVE Price
How is the price of Aave (AAVE) calculated?
The price of Aave (AAVE) is calculated in real-time by aggregating the latest data across 169 exchanges and 365 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko.
Aave Price Chart (AAVE)
| 1h | 24h | 7d | 14d | 30d | 1y |
|---|---|---|---|---|---|
| 3.5% | 1.7% | 29.7% | 76.0% | 114.8% | 275.4% |
AAVE Converter
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Market Cap
Market Cap = Current Price x Circulating Supply
Refers to the total market value of a cryptocurrency’s circulating supply. It is similar to the stock market’s measurement of multiplying price per share by shares readily available in the market (not held & locked by insiders, governments) Read More |
$5,479,953,248 |
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Market Cap / FDV
The proportion of current market capitalization compares to market capitalization when meeting max supply.
The closer the Mkt Cap/FDV to 1, the closer the current market capitalization to its fully diluted valuation and vice versa. Learn more about Mkt Cap/FDV here. |
0.94 |
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Market Cap / TVL Ratio
Ratio of market capitalization over total value locked of this asset. A ratio of more than 1.0 refers to its market cap being greater than its total value locked.
MC/TVL is used to approximate a protocol’s market value vs. the amount in assets it has staked/locked. |
0.24 |
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Fully Diluted Valuation
Fully Diluted Valuation (FDV) = Current Price x Total Supply
Fully Diluted Valuation (FDV) is the theoretical market capitalization of a coin if the entirety of its supply is in circulation, based on its current market price. The FDV value is theoretical as increasing the circulating supply of a coin may impact its market price. Also depending on the tokenomics, emission schedule or lock-up period of a coin's supply, it may take a significant time before its entire supply is released into circulation. Learn more about FDV here. |
$5,840,101,775 |
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Fully Diluted Valuation / TVL Ratio
Ratio of fully diluted valuation (FDV) over total value locked (TVL) of this asset. A ratio of more than 1.0 means that the FDV is greater than its TVL.
FDV/TVL is used to approximate a protocol’s fully diluted market value vs. the amount in assets it has staked/locked. |
0.26 |
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24 Hour Trading Vol
A measure of a cryptocurrency trading volume across all tracked platforms in the last 24 hours. This is tracked on a rolling 24-hour basis with no open/closing times.
Read More |
$1,621,409,473 |
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Total Value Locked (TVL)
Capital deposited into the platform in the form of loan collateral or liquidity trading pool.
Data provided by Defi Llama |
$22,378,552,492 |
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Circulating Supply
The amount of coins that are circulating in the market and are tradeable by the public. It is comparable to looking at shares readily available in the market (not held & locked by insiders, governments).
Read More |
15,013,308
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Total Supply
The amount of coins that have already been created, minus any coins that have been burned (removed from circulation). It is comparable to outstanding shares in the stock market.
Total Supply = Onchain supply - burned tokens |
16,000,000 |
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Max Supply
The maximum number of coins coded to exist in the lifetime of the cryptocurrency. It is comparable to the maximum number of issuable shares in the stock market.
Max Supply = Theoretical maximum as coded |
16,000,000 |
Snapshot
AAVE Historical Price
| 24h Range | $354.10 – $391.90 |
|---|---|
| 7d Range | $251.32 – $390.20 |
| All-Time High |
$661.69
44.3%
May 18, 2021 (over 3 years)
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| All-Time Low |
$26.02
1316.6%
Nov 05, 2020 (about 4 years)
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How do you feel about AAVE today?
What is Aave?
Aave is a decentralized money market protocol where users can lend and borrow cryptocurrency across 20 different assets as collateral.
The protocol has a native token called AAVE, which is also a governance token that lets the community decide the direction of the protocol in a collective manner.
Lenders can earn interest by providing liquidity to the market, while borrowers can borrow by collateralizing their cryptoassets to take out loans from the liquidity pools.
What is the origin and history of Aave?
Aave was previously known as ETHLend when it was founded in November 2017 by Stani Kulechov and has successfully raised $16.2 million through an ICO round. ETHLend was then rebranded to Aave in September 2018.
Its native token, Aave (AAVE), was launched in October 2020 as one of Aave’s initiatives to become self-governed. Following the token’s launch, a 1:100 token migration must be made from the old token.
At the moment, Aave has integrated, partnered, and collaborated with 30 companies, notably Curve,1inch, and Synthetix. You can find out more information here:https://aave.com/ecosystem/.
Fun fact: Aave is a Finnish word translated to “ghost” in English, which illustrates the protocol’s goal to be transparent and an open infrastructure in DeFi.
Who is the founder of Aave?
At the time of writing, the Aave team is made up of 29 individuals with Stani Kulechov as the CEO.
How does the protocol works?
Users who use the Aave platform can utilize the lending and borrowing functionality across 20 supported cryptocurrencies such as Dai (DAI), Uni (UNI), and Yearn.Finance (YFI)
Lenders can earn interest by providing liquidity in the market. There will be two sources of earnings by providing liquidity: (1) the interest rate paid on loans and (2) a percentage of flash loan fees.
Borrowers could opt for the loan to be on a fixed or variable rate, whichever is the best for them.
In the latest v2 release, users can protect themselves from liquidation by swapping their collateral with a different asset.
Lastly, Aave’s main unique product is a “flash loan” where borrowers can take up the loan with zero collateralization. However, the borrower must pay back the loan and any additional interest, plus the fees within the same transaction.
What is the AAVE token?
The token has 3 primary roles within the platform:
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Governance
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Incentives
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Mitigation tool
How is the token used for governance?
AAVE can be used to vote and decide on the protocol’s upgrade via Aave Improvement Proposals (AIPs).
(Image source: https://docs.aave.com/aavenomics/governance)
How is the token used as an incentive?
AAVE can be staked within the protocol, and the users can earn the protocol’s staking rewards and fees. There are two ways to stake: (1) Stake AAVE and earn rewards in AAVE or (2) Stake Balancer Pool Token (BPT) and earn AAVE, BAL, and trading fees from Balancer.
How is the token used as a mitigation tool?
In the event of associated shortfalls, the staked AAVE will act as insurance to cover the deficit. For example, your staked assets will be slashed up to 30% when Aave protocol is in a deficit state for the liquidity providers.
Who has audited Aave?
Since 2019, Aave has been audited 13 times and they were done by Trail of Bits, Open Zeppelin, Consensys Diligence, Certik, Peckshield, and Certora.
Is there a difference between Version 1 and Version 2?
Aave’s second iteration has introduced several interesting new features.
One of the notable ones is the collateral swap feature. This allows users to swap their collateral to another supported asset at any given time. It is a great feature, especially for those who want to avoid liquidation.
Another feature is loan repayment with collateral, enabling the borrowers to close their loan positions by paying directly with their collateral in just one transaction.
Do I need to do anything to migrate from Version 1 to Version 2?
Aave v2 is just a protocol upgrade and its native token won’t be affected by the changes. Hence, if you are holding AAVE, you do not need to do anything.
Additionally, if you have loan positions on Aave v1, you do not need to close them either. Aave released a migration tool to help you migrate your positions. To know more on how to migrate your loan positions, kindly refer to this blog post.
Can I long or short Aave?
Yes, you can long or short Aave via perpetual swap or futures such as Binance Futures, and OKX These derivative exchanges are not formally regulated and can provide even up to 125x leverage. Derivative contracts are high-risk products, and you might want to understand what you are doing before participating in them.
Where can you buy Aave?
AAVE tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Aave is Upbit, where the most active trading pair AAVE/KRW has a trading volume of $79,030,508.49 in the last 24 hours. Other popular options include WhiteBIT and Bitget.
What is the daily trading volume of Aave (AAVE)?
The trading volume of Aave (AAVE) is $1,620,352,236.38 in the last 24 hours, representing a -23.40% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Aave (AAVE)?
The highest price paid for Aave (AAVE) is BTC0.01560, which was recorded on May 18, 2021 (over 3 years). Comparatively, the current price is -44.30% lower than the all-time high price.
What is the all-time low for Aave (AAVE)?
The lowest price paid for Aave (AAVE) is BTC0.001185, which was recorded on Nov 05, 2020 (about 4 years). Comparatively, the current price is 1,316.60% higher than the all-time low price.
What is the market cap of Aave (AAVE)?
Market capitalization of Aave (AAVE) is BTC54,167.0138 and is ranked #34 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of AAVE tokens (15 Million tokens are tradable on the market today).
What is the fully diluted valuation of Aave (AAVE)?
The fully diluted valuation (FDV) of Aave (AAVE) is BTC57,726.9292. This is a statistical representation of the maximum market cap, assuming the maximum number of 16 Million AAVE tokens are in circulation today. Depending on how the emission schedule of AAVE tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Aave compare against its peers?
With a price increase of 29.70% in the last 7 days, Aave (AAVE) is outperforming the global cryptocurrency market which is down -1.70%, while outperforming when compared to similar Polygon Ecosystem cryptocurrencies which are up 0.00%.
How to add Aave (AAVE) to MetaMask?
Adding Aave (AAVE) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import AAVE as a token. You can copy AAVE’s contract address (0x7fc66500c84a76ad7e9c93437bfc5ac33e2ddae9) and import it manually, or if you've installed MetaMask's chrome extension, add AAVE to MetaMask with one click on CoinGecko.
Add AAVE to MetaMask.
Aave Markets
| # | Exchange | Pair | Price | Spread | +2% Depth | -2% Depth | 24h Volume | Volume % | Last Updated | Trust Score | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 |
CEX
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$361.98 | 0.02% | $103,843 | $119,806 | $79,030,508 | 4.88% |
Recently
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| 2 |
CEX
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$362.24 | 0.01% | $480,574 | $245,112 | $38,636,382 | 2.38% |
Recently
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| 3 |
CEX
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$362.39 | 0.01% | $201,644 | $95,023 | $35,758,097 | 2.21% |
Recently
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| 4 |
CEX
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$363.30 | 0.01% | $16,743 | $20,252 | $24,562,936 | 1.51% |
Recently
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| 5 |
CEX
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$362.26 | 0.01% | $90,178 | $92,351 | $19,386,705 | 1.2% |
Recently
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| 6 |
CEX
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$362.46 | 0.03% | $430,653 | $581,508 | $35,027,585 | 2.16% |
Recently
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| 7 |
CEX
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$368.39 | 0.01% | $116,542 | $85,222 | $14,089,905 | 0.87% |
Recently
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| 8 |
CEX
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$361.79 | 0.04% | $489,238 | $1,022,770 | $38,545,305 | 2.38% |
Recently
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| 9 |
CEX
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$362.95 | 0.02% | $68,568 | $27,827 | $13,871,629 | 0.86% |
Recently
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| 10 |
CEX
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$363.33 | 0.01% | $12,855 | $3,256 | $8,124,186 | 0.5% |
Recently
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