Aave is a decentralized DeFi platform offering innovative flash loans, governance through AAVE tokens, and multi-blockchain support. More
| Fully Diluted Valuation | $4.84B |
|---|---|
| 24H Trading Volume | $547.78M |
| 24H Low / High | $298.95 / $ 310.28 |
| Circulating Supply | 15.21 M |
| Total Supply | 16.00 M |
| Max Supply | 16.00 M |
| Categories | Decentralized Finance (DeFi) 22 more |
|---|---|
| Founder | Stani Kulechov |
| Website | app.aave.com Whitepaper |
| Socials | 4 more |
| Chains | Ethereum Ecosystem 13 more |
| Explorer | Etherscan 9 more |
| Contracts | 0x7fc....ddae9 13 more |
| Name | Pair | OG Score |
|---|
Aave, launched in January 2020, has rapidly emerged as a cornerstone in the decentralized finance (DeFi) space. This non-custodial liquidity protocol offers a dynamic platform for users to either deposit funds, earning passive income, or borrow in either overcollateralized or undercollateralized manners. Aave's integration across multiple blockchains, including Ethereum, Polygon, and Avalanche, enhances its accessibility and utility in the crypto market.
Aave's innovation is evident in its unique offerings, such as flash loans and the AAVE token. Flash loans, a novel concept in the DeFi landscape, allow for loans to be borrowed and repaid within the same block—about 13 seconds on the Ethereum network—without upfront collateral. The AAVE token, the platform's native currency, not only facilitates discounted transaction fees but also grants governance rights, depending on the amount held, enhancing user engagement in protocol decisions.
Since its inception as ETHLend in 2017 by Stani Kulechov, Aave has undergone significant evolution. Its rebranding to Aave in September 2018 marked a shift towards a more inclusive and efficient liquidity protocol. The launch of Aave V3 in March 2022 further cemented its position as a leading DeFi project, introducing features like cross-chain functionality, improved security, and the innovative Isolation Mode for risk management. With a peak total value locked (TVL) exceeding $19 billion, Aave stands as a testament to the growing influence and potential of decentralized financial systems in the crypto world.
Aave stands out in the decentralized finance (DeFi) sector for its flash loans feature, which allows users to borrow funds without collateral as long as they are returned within the same transaction. Additionally, Aave's governance model enables token holders to have a say in the platform's future development and direction, further distinguishing it in the DeFi landscape.
Aave was founded by Stani Kulechov. It began as ETHLend, a decentralized peer-to-peer lending platform on the Ethereum blockchain, before evolving into Aave.
Aave has attracted significant investment from major players in the crypto space. Some of its notable investors include Blockchain Capital, Standard Crypto, and Blockchain.com Ventures. These investments have played a crucial role in Aave's development and expansion, particularly in growing its team and reaching new markets.
You can buy Aave (AAVE) on Binance, Gate.ioBitgetBybitOKX cryptocurrency exchanges.
