Current AAVE Price Snapshot
- Real-time Price: $269.58
- 24hr Trading Volume: $230,881,318
- Market Cap: $4,090,758,965 (Rank #32)
- Circulating Supply: 15,174,516 AAVE
Price Performance:
- ▼ 3.01% (24hr)
- ▲ 2.87% (7-day)
- ▼ 59.57% from all-time high
- Neutral vs. all-time low
What Is Aave (AAVE)?
Aave is a decentralized finance (DeFi) protocol specializing in crypto lending and borrowing. Its native token, AAVE, powers the ecosystem with unique features like:
👉 Flash Loans: Uncollateralized loans repaid within a single transaction.
- Interest Rate Options: Fixed or variable rates for borrowers.
- V2 Upgrades: Collateral swaps and loan repayment with collateral.
Key Features:
- Governance: AAVE holders vote on protocol changes.
- Staking Rewards: Earn AAVE via direct staking or Balancer Pool Tokens (BPT).
- Risk Mitigation: Staked AAVE acts as insurance for system shortfalls.
Tokenomics & Historical Context
- Total Supply: 16 million (deflationary).
- ICO Price (2017): $0.0162 (raised $16.2M).
- Distribution: 23% reserved for founders/protocol.
Price Volatility:
AAVE mirrors broader crypto trends (e.g., Bitcoin, Ethereum). In 2021, prices ranged from $85 to $666, reflecting high volatility.
FAQ: Aave (AAVE) Explained
1. How does Aave differ from traditional banks?
Aave eliminates intermediaries, offering permissionless lending/borrowing via smart contracts.
2. What are flash loans used for?
Common for arbitrage, collateral swapping, or self-liquidation—all within one blockchain transaction.
3. Is AAVE a good investment?
While high-reward, its volatility demands research. Track the AAVE price chart and market sentiment.
4. Where can I stake AAVE?
Use Aave’s safety module or platforms like Balancer.
5. How secure is Aave?
Audited regularly, but smart contract risks persist. Consider hardware wallets for storage.
Data updates in real-time. Always verify metrics before trading.