AD
Market Cap (Mcap)
Rank
#36Mcap
$4.92BFully Diluted Mcap
$5.24BSupply
Circulating
15,017,323Total
16,000,000Created On
N/AAll Time High (ATH)
ATH
$661.69ATH Change
-50.53%ATH Date
May 18th, 2021Total Value Locked (TVL)
TVL
$20.60BMCap to TVL Ratio
0.24FDV to TVL Ratio
0.25
Your Daily Summary of Everything Important
Never miss a minute! Get crypto, defi, and macro recaps sent to your inbox.
Fastest growing newsletter in crypto - read today's!
Aave Chart
Price
Volume
Market Cap
Other coins
Weekly Reports: A Deep Dive into Crypto and NFT alphas
If you're looking to keep up with the fast-moving world of crypto and NFTs, The Alpha Report has got you covered.
Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.
Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.
To Watch This Week
AIRDROPS + ALPHALearn about Aave
Aave News
Dec 13, 2024
DeFi
Donald Trump Backed World Liberty Financial's Big Bet on AAVE, ETH and LINK
It's been a big week of DeFi news for the Donald Trump-backed crypto venture, World Liberty Financial (WLFI). Earlier this week, the project expanded its portfolio with $5 million worth of investment in three major assets: Ethereum (ETH), Chainlink (LINK), and Aave (AAVE). The acquisitions include 2,631 ETH at $3,801 each, 41,335 LINK at $24.2, and 3,357 AAVE at $297.8, according to on-chain analytics platform Lookonchain. The purchases mark WLFI’s first foray into LINK and AAVE, diversifying it...
Oct 3, 2024
Markets
Grayscale Launches Aave Fund for Ethereum Lending Token
Asset manager Grayscale has launched a fund giving investors exposure to AAVE, the token behind the Ethereum-centric decentralized lending protocol Aave and the 44th biggest cryptocurrency by market cap. The Grayscale Aave Trust allows investors to buy shares that track the price of the asset. It will operate like a closed-end fund, not an exchange-traded fund (ETF) that Grayscale offers Bitcoin and Ethereum investors following SEC approvals this year. "Grayscale Aave Trust gives investors expos...
Sep 11, 2024
DeFi
Aave Considers Coinbase's cbBTC Wrapped Bitcoin, Sparking Decentralization Debate
The Aave community is evaluating a proposal to integrate Coinbase's upcoming Bitcoin wrapper, cbBTC, into its V3 protocol. The potential connection between a centralized exchange and a decentralized finance (DeFi) platform has ignited a debate about the future of DeFi and the balance between innovation and decentralization. The proposal from the Aave Chan Initiative (ACI) would link cbBTC to both the Base network and Ethereum mainnet. The plan includes an incentive package of $150,000 over thre...
Sep 4, 2024
DeFi
Trump Crypto Project Aims to Maintain US Dollar Supremacy With Stablecoins
The team behind World Liberty Financial, an upcoming crypto project promoted by the Trump family, said Wednesday that the DeFi platform aims to maintain global U.S. dollar supremacy through the use of stablecoins. The revelation comes after CoinDesk reported that a leaked white paper for the project details a borrowing and lending platform reminiscent of Dough Finance, a recently hacked protocol. The report suggested that World Liberty Financial hails from multiple Dough team members, and would...
Jul 10, 2024
Markets
These Alts Are Outpacing the Crypto Market Rebound
As the crypto market looks to recover from a treacherous couple of weeks, altcoins have seen a healthy rebound. Most notably, layer-1 network Sui has jumped 5.3% on the day to $0.72 while crypto lending protocol Aave climbed 4.5% to $86.60. This comes after significant selling pressure mounting on the market in recent weeks. The German government started to offload over $3.5 billion worth of Bitcoin seized as the result of criminal cases. During this, defunct exchange Mt. Gox has been preparing...
Jul 17, 2023
Technology
Aave Companies Launch V2 Lens, Introducing 'Blocking' to Crypto Social App
Lens Protocol, a crypto-powered social media platform built by the Aave Companies, is rolling out several key features in its latest update. Notably, V2 will let Lens users finally block one another on-chain, much like on Web2 equivalent Twitter. Blocked accounts won't be able to comment, follow, quote-comment, or execute unique, crypto-specific features such as mirror and collect. Collect lets users gather and store content on Lens as an NFT, while mirror is the platform's equivalent of a retwe...
Jul 16, 2023
DeFi
Come for The Token, Stay for The Product. Right?
Decrypting DeFi is Decrypt's DeFi email newsletter. (art: Grant Kempster) Launching a token is a delicate task. On the one hand, you’ll thrill your die-hard audience of early adopters, rewarding them for sticking it out for so long. On the other, you invite hungry whales to come and harvest your project for its incentives, often hogging the lion’s share of the tokens being dished out (before flipping them for a profit shortly after). This latter outcome is especially bad if these tokens also ser...
May 27, 2023
DeFi
When DAOs Self-Execute—What Could Go Wrong?
Decrypting DeFi is Decrypt's DeFi email newsletter. (art: Grant Kempster) This past week we got two examples of when self-executing proposals go wrong for DAOs. One proposal on Aave resulted in roughly $110 million in assets freezing after the proposal passed, and another on Tornado Cash saw a crafty proposer make off with roughly 372 ETH, worth over $670,000. The Aave proposal has been fixed, and a new proposal executed the fix. As for Tornado Cash, the proposer has made a new proposal to retur...
Feb 6, 2023
DeFi
Aave CEO: New Security Upgrades 'Silo the Risk Away'
First proposed in November 2021, Aave’s latest upgrade is finally here. Launched earlier this month, V3 of the DeFi lending protocol has already raked in more than $143 million across the first seven assets listed. Though the asset list is far shorter than the previous iteration, the project’s founder and CEO Stani Kulechov says this upgrade is all about managing risk. Why Aave v3's New Portal Feature Could Be a Game-Changer “The DeFi space itself has been growing significantly, so we’ve seen mo...
Dec 5, 2022
Business
Aave Companies Acquires Social Metaverse Developer Sonar
Software development company Aave Companies today announced the acquisition of Sonar, a San Francisco-based metaverse developer where players can build worlds and interact with user-created spaces using non-fungible tokens (NFTs). Aave Companies is the umbrella entity for various crypto projects, including the lending and borrowing protocol Aave, the up-and-coming social platform Lens Protocol, as well as the stablecoin GHO. While the terms of the deal are undisclosed, the acquisition will see S...
Nov 29, 2022
DeFi
DeFi Giants Aave, Compound Freeze Markets and Cap Loans to Mitigate Risks
DeFi protocols Aave and Compound have implemented new safety measures in light of the ongoing turmoil in crypto markets. On Sunday, Aave executed a proposal to freeze the markets for 17 different assets in the Aave V2 lending pool on the Ethereum network, including the Yearn.Finance (YFI), Curve DAO (CRV), Gemini Dollar (GUSD), Maker (MKR), and 1inch (1INCH) tokens. Aave and Compound, both crypto lending protocols, account for $3.7 billion and $1.7 billion worth of the total value locked in the...
Nov 16, 2022
DeFi
Gemini Dollar Lending Rates Spiked as High as 73% on Aave Amid Genesis Freeze
Gemini Dollar lending rates on decentralized finance (DeFi) lending protocol Aave soared as high as 73% on Wednesday after Gemini announced that withdrawals from its Earn product may be delayed due to Genesis' lending arm halting withdrawals outright. Genesis services the exchange's Earn product. There are two likely reasons that these rates would spike above 50%. The first is that speculators are attempting to short the asset. Second, liquidity may be fleeing the pool and being converted to an...
Nov 8, 2022
Business
Twitter Won’t Go Web3 ‘Anytime Soon’: Aave CEO Stani Kulechov
Despite Elon Musk's recent takeover of Twitter, Aave co-founder and CEO Stani Kulechov believes the microblogging platform won't be on the blockchain anytime soon. On the latest episode of Decrypt’s gm podcast, Kulechov spoke about the greater role he expects Web3 to play in social media and outlined his vision for Lens Protocol, a blockchain-based social mediaverse where users can retain and import their social capital across various platforms. Kulechov defined “social capital” as “followers...
Nov 3, 2022
DeFi
Aave Votes to Deploy on Ethereum Layer-2 Solution zkSync
Following a three-day voting period, Aave community members approved Matter Labs' proposal to deploy the decentralized lending protocol Aave on its Ethereum scaling product zkSync. Matter Labs is the development team behind the layer-2 scaling solution. Nearly all voters supported the proposal, while a mere 0.02% abstained. More than 561,000 Aave governance tokens (AAVE) were used in the voting process. However, the approved proposal is to deploy Aave to zkSync’s testnet. For mainnet deployment...
Nov 2, 2022
DeFi
Singapore Tests Institutional DeFi on Ethereum, Welcomes USDC Issuer
The Monetary Authority of Singapore’s (MAS) decentralized finance pilot program just executed “the first real-world use case for institutional-grade DeFi protocols,” Aave founder Stani Kulechov told Decrypt. J.P. Morgan, DBS Bank and SBI Digital Asset Holdings yesterday used the Aave protocol on Polygon—a layer-2 scaling solution—to complete foreign exchange and government bond transactions on the Ethereum network. The banks exchanged tokenized versions of Singapore government securities bonds...
Nov 1, 2022
Coins
Aave's Stani Kulechov: What Sets Our GHO Stablecoin Apart
Aave co-founder Stani Kulechov feels more optimistic than ever that the $5 billion DeFi lending protocol's upcoming stablecoin GHO (pronounced "go" like ghost, the project's mascot) will solve real world payment problems. “I think it's a big issue, because just going back a couple of months ago, I was visiting Buenos Aires, Argentina, and stablecoins are actually used to preserve value and transact,” he said on the latest episode of Decrypt's gm podcast. “So for example, the national currency i...
Oct 24, 2022
DeFi
Aave Launches Staked Ethereum Earn Strategy Through Oasis
Aave has launched a Lido Staked Ethereum, or stETH, earn strategy through Oasis.app, the frontend for borrowing DAI, MakerDAO’s stablecoin. The new strategy will allow users to borrow Ethereum, or ETH, against their stETH. It’s always been possible to do that by first depositing ETH and borrowing stETH from the Lido protocol, then going to another platform, like Aave, to loan stETH in exchange for ETH again. But Oasis will allow users with ETH to enter into the recursive strategy in a single tra...
Oct 24, 2022
Business
Robinhood Adds Aave and Tezos
Trading app RobinHood has added cryptocurrencies Tezos (XTZ) and Aave (AAVE), allowing users to buy and sell the tokens on its platform. The company tweeted the announcement on Monday, linking to a web page showing crypto that has been newly listed on Robinhood. Tezos is a proof-of-stake blockchain network, while Aave is a decentralized lending protocol. Both their native tokens have market capitalizations of over $1 billion. AAVE @AaveAave and XTZ @tezos are now on Robinhood #CryptoListinghttp...
Aug 1, 2022
The Projects
What Is Aave? Inside the DeFi Lending Protocol
Aave is a decentralized finance (DeFi) protocol that lets people lend and borrow cryptocurrencies and real-world assets (RWAs) without having to go through a centralized intermediary. When they lend, they earn interest; when they borrow, they pay interest. Aave was originally built atop the Ethereum network, with all the tokens on the network also using the Ethereum blockchain to process transactions; they are known as ERC20 tokens. Aave has since expanded to other chains, including Avalanche, F...
Jul 31, 2022
DeFi
Aave DAO Approves Creating GHO Stablecoin
An overwhelming majority of Aave DAO voters have approved creating a new stablecoin. The proposal, submitted by Aave Companies, was backed by 99.9% of voters, who pledged half a million AAVE in approving the measure to create GHO, a stablecoin that will be backed by collateral consisting of other cryptocurrencies. Aave is a decentralized, non-custodial market protocol that enables users to borrow and lend cryptocurrencies. While providing liquidity to the cryptocurrency market, users can earn pa...