Trade Aave (AAVE)

124.571.32(-1.05%)(1D)

Aave (AAVE) Price Chart

-1.05% Past Day
Interval
-1.05%
-22.32%
-27.93%

The Aave price is on the decline this week.

A ‘rising’ price indicates that the weekly price has increased by more than 0.5%. A price ‘on the decline’ indicates that the weekly price has decreased by more than 0.5%. A ‘stable’ price indicates that the change in weekly price is between -0.5% and 0.5%.
The Aave price today is $124.57, a -1.05089 change in the last 24 hours and -22.32 in the past week. Aave’s 24-hour trading volume is 544.7M and its current market capitalization is $1.9B.

Market Overview

Market cap
1.9B
Day’s Range
123.35 - 124.67
1W Range
119.52 - 131.04
Volume (24h)
544.7M
Market Dominance
0.1
Market rank
38

What Is Aave?

Aave is an altcoin cryptocurrency and one of the largest emerging decentralised finance (DeFi) coins by market cap. The company behind the coin was formed in 2017 by Stani Kulechov and is based in Switzerland. Originally known as ETHLend, Kulechov changed the name to Aave, meaning ‘ghost’ in Finnish, in 2018. Listed as AAVE on crypto exchanges, the coin is the governance token for the Aave protocol.

Aave is an Ethereum-based currency using software that enables the creation of lending pools, allowing users to lend or borrow up to 17 different cryptocurrencies. As with other systems based on Ethereum, those investing in Aave must post collateral before they can borrow. Borrowers receive tokens, known as aTokens, the value of which is linked to the value of another asset. The Aave protocol has been audited and secured, and the coin derives its value from its finite supply, with a total cap of 16 million AAVE available.

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Aave (AAVE) News

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