Aave current price is €261.47 with a marketcap of €3.23 B. Its price is -5.56% down in the last 24 hours.
- Aave (AAVE)
- Live Price €261.47
- Market Cap €3.23 B
- Volume €620.85 M
- Available Supply 12.42 M AAVE
- Rank 19
Technical analysis, backgrounds and info on this crypto coin
Besides Aave (AAVE) is the renowned cryptocurrency (measured by market capitalisation). This cryptocurrency has become more and more popular over years. Given the plans for the future, many insiders have high expectations of the Aave (AAVE) price. Of course you can trade and/or invest in Aave (AAVE) as well. On this page you'll find basic statistics and characteristics of Aave (AAVE). Furthermore you'll find info regarding the Aave (AAVE) price, basic technical analysis and a brief explanation of the story of Aave (AAVE)
Current Aave (AAVE) price
Please see below the Aave price chart as provided by our home broker.
Onchain Metrics Aave (AAVE)
If you want to perform a technical analysis of Aave and decide whether it is the right time to trade or invest, please check the on-chain metrics as provided by our partners of Into the Block.
These On-chain metrics are updated once a day (rondabout 11 pm est, which is 5 am Dutch time). If you want to check the latest update, please dive deeper into the On-chain metrics of our metrics partner IntotheBlock.io.
Furthermore, we provide you with the price chart and historical data for Aave (AAVE) at the bottom of this page. Before we get there, we provide you with the upcoming agenda as well as some backgrounds and info on Aave.
The Aave agenda
In order to provide you with an accurate overview of coming Aave agenda items and events, you'll find our Aave agenda below.
If you are interested in the agenda items for other cryptocurrencies and/or the most important economic items on the macro-economic agenda, please visit our calendar page.
What is Aave?
AAVE is the native governance token of the Aave protocol. Holders of the Ethereum-based cryptocurrency can discuss and vote on proposals that affect the direction of the project.
Due to Aave being one of the leading decentralized finance protocols, the AAVE token is one of the largest DeFi coins by market cap. Ethereum investors can easily borrow and lend their cryptocurrencies in a decentralized manner through Aave.
Who created Aave?
Stani Kulechov is the founder and CEO of Aave and ETHLend. He is a seasoned entrepreneur with extensive experience developing technology in the crypto, blockchain, and fintech space.
What is the purpose of Aave (AAVE)?
Core to any modern financial ecosystem are mediums through which individuals can borrow and lend their assets. Borrowing allows one to leverage their capital to accomplish tasks, while lending allows one to earn a regular and safe return on their otherwise-idle capital.
Cryptocurrency developers have acknowledged the need for such services, launching the so-called money markets. Aave is one of the biggest and most successful of these marketplaces.
Aave (AAVE) nowadays
Aave is extending its strategies beyond just money markets. The platform has gained popularity as a place where DeFi users can obtain extreme loans.
More often than not, there is much more liquidity in Aave's money-market pools than loans desired by borrowers. This unused liquidity can be used by those that take flash loans, which are uncollateralized loans that only exist for the span of one Ethereum block.
Basically, a flash loan allows a user to borrow a large amount of cryptocurrency without posting collateral, then return the loan within the same transaction (as long as they pay the one-block interest fee).
Challenges for Aave
challenge Aave faces is the fact that actually all loans are overcollateralized. Unlike the traditional financial system, there is no credit score system or process to actionably determine whether the borrower will be able to pay the loan back with interest.
This means that, unlike traditional loans offered by banks, which may require little formal collateralization, Aave users have to lock up cryptocurrencies worth much more than the loan they request.
Such limitation implies that Aave is a lack of capital system. Aave requires users to commit large amounts of capital to obtain loans, making it hard for small users. While this is done to protect creditors, this system naturally limits the size of Aave's aggregated debt.
Further technical analysis of this coin
For further technical analysis you’ll find the current price chart and overview of historical data at the bottom of this page. Do you need more on-chain metrics? You can find these on the site of our on-chain metrix partner IntotheBlock.
Do you want to trade in this crypto?
If you want to trade in this cryptocurrency you might consider to sign up with one of our home exchanges: Changelly, CEX.io or Binance. When your mother tongue is Dutch or French you might also consider Bitvavo. If you want to know more about choosing the right crypto exchange, please visit our crypto exchages page.
Please note that our site does not provide any financial advice. The statistics and information shown are solely provided as possible source for your own research on (investing in) crypto and/or for educational/entertainment purposes. Despite our efforts to present information in a right and timely manner we will not accept any responsibility for any shortcomings in the data and/or information provided. Furthermore please that this site uses affiliate links. This means we might earn a contribution in the costs of operating this site and providing free information if you decide to click on (one of) the links issued.