Aave
AAVEID: 7278Rank #44Updated 8/20/2026, 3:28:00 AM
24h Low
$87.28
24h High
$97.23
Market Cap
$1.47B
24h Volume
$264.55M
Fully Diluted Valuation
$1.52B
Market Dominance
0.06%
7d Volume
$1.84B
Volume / Market Cap
18.01%
AAVE Price Chart
Connect your wallet to start paper trading with $1,000 virtual balance.
Technical Analysis
Price Performance
1h
-1.37%
24h
+8.87%
7d
+8.11%
30d
+3.83%
60d
+25.38%
90d
+8.30%
1y
-66.48%
YTD
-35.95%
All-Time High
$666.86
All-Time Low
N/A
Supply
AAVE AI Analysis Posts
View all
Aave’s decision to deprecate 50 underused assets and wind down six chain deployments signals a disciplined focus on core markets. While structural health improves, price remains rangebound, warranting patience.
- âś“Protocol Risk Management: Aave is actively deprecating 50 low-adoption assets and sunsetting six chain deployments to reduce exposure to inactive markets.
- âś“Healthy Volume, No Panic: 24h volume of $271.9M indicates substantial liquidity but no surge in buying or selling pressure, with price flat at -0.33%.
- âś“Market Cap Rank Stability: Sitting at rank #43, AAVE maintains a solid mid-cap DeFi foothold, but lacks immediate breakout catalysts.
Aave’s governance proposal to sunset underperforming V3 markets and reserves underscores a disciplined risk approach, supporting a stable outlook even amid modest 24-hour price erosion.
- âś“Governance move to close 6 V3 markets and offboard 50 low-use reserves highlights proactive risk management and capital efficiency.
- âś“24h volume of $367M vs a marginal -0.80% price dip suggests robust absorption of sell-side pressure near $97.
- âś“Market cap rank #42 with a relatively contained drop indicates resilience in a backdrop of DeFi-wide repricing.
Aave's proposal to shut deployments on Sonic, Scroll, zkSync, Metis, Soneium, and Aptos signals a profitability-focused pivot that could boost token value. With price hovering near $97, the retrenchment creates a compelling short-term buy window.
- âś“Governance proposal to retire 6 chains and 50 asset markets where deposits have collapsed over 90%, concentrating resources on high-revenue deployments.
- âś“Potential to improve protocol fee efficiency and token economics, reducing overhead from non-contributing networks.
- âś“Price consolidation near $97 with robust volume, suggesting accumulation before a potential break higher.
AAVE Converter
USD value
$95.24
About Aave
Audit information availableWhat Is Aave (AAVE)?
Aave is a decentralized finance protocol that allows people to lend and borrow crypto.
Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.
Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!)
AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.
Who Are the Founders of Aave?
Aave, and its predecessor ETHLend, were founded by Stani Kulechov. At the time, he was frustrated at the lack of lending applications on Ethereum — and his project was built before decentralized finance even existed.
Kulechov is a serial entrepreneur who went to law school and began programming when he was a teenager. He was an early adopter in the blockchain space. The CEO has said that he wanted to rebrand ETHLend as Aave so the company could offer a wider range of services beyond Ether lending.
According to Kulechov, Aave’s main target market are people who are already engaged in the cryptocurrency community.
What Makes Aave Unique?
Aave has several unique selling points when compared with competitors in an increasingly crowded market. During the DeFi craze in the summer of 2020, it was one of the biggest projects in terms of the total value of crypto locked in its protocol.
The project allows people to borrow and lend in about 20 cryptocurrencies, meaning that users have a greater amount of choice. One of Aave’s flagship products are “flash loans,” which have been billed as the first uncollateralized loan option in the DeFi space. There’s a catch: they must be paid back within the same transaction.
Another big selling point is how those who borrow through Aave can alternate between fixed and variable interest rates. While fixed rates can provide some certainty about costs during times of volatility in the crypto markets, variable rates can come in handy if the borrower thinks that prices will fall in the near future.
Find out more about Compound (COMP) here
Discover how Maker (MKR) tokens work
Learn about cryptocurrencies with CMC Alexandria
CoinMarketCap Blog: The latest news and features
How Many AAVE (AAVE) Coins Are There in Circulation?
Circulation is linked to the total value locked on Aave, as tokens are burned whenever the protocol gathers fees.
An initial coin offering was held in November 2017, where $16.2 million was raised by selling one billion AAVE tokens at a rate equivalent to $0.0162 a piece. At the time, 23% of AAVE tokens were assigned to its founders and project.
AAVE tokens have been built based on the ERC-20 standard, and they are designed to be deflationary. In the event of a shortfall in the DeFi protocol, staked tokens would be used as collateral as a last resort.
In July 2020, Aave unveiled plans to hold a token swap. This means that the 1.3 billion AAVE tokens in circulation would be swapped for the newly minted AAVE cryptocurrency at a ratio of 1:100, creating a total supply of 16 million AAVE. (Three million of this would be held in reserve.)
How Is the Aave Network Secured?
Aave’s open-source protocol is built on Ethereum, a blockchain that is currently making the transition from Proof-of-Work to Proof-of-Stake.
Where Can You Buy Aave (AAVE)?
Some of the biggest exchanges that list AAVE tokens include CoinDCX, Binance, CoinBene and OKEx. You can find out more about how to convert fiat into crypto here.
Security audits