Aave logo

Aave price

(AAVE / USD)

$323.48
-2.27%

Market stats

$4.3B

$2.9B

+547.12%

13.2M AAVE

83% of total supply

21 days

35% buy
65% sell

#27

$665.11

-0.58%

-2.27%

+2.11%

About Aave

Aave (AAVE) is an Ethereum token that powers Aave, a decentralized non-custodial money market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow cryptocurrencies in exchange for paying a variable interest rate.

How it works

The Aave protocol facilitates the creation of lending pools. If you want to lend some of your crypto, you can deposit it into a pool. Anyone who wants to borrow deposited assets can draw from Aave pools as long as they provide sufficient collateral.

To help users take advantage of arbitrage opportunities (where a crypto might be valued higher on one exchange than it is on another) and maximize profits in the DeFi ecosystems, Aave also provides flash loans. These loans require no collateral and are settled instantly. The condition is that the borrowed amount needs to be paid back within the same transaction, along with a 0.09% fee, or the whole process will be cancelled and no funds are borrowed.

Keep in mind

Standard loans on Aave require collateral (such as ETH) provided by the borrower. Because crypto can be volatile, it’s important to choose the collateral carefully if you use Aave to borrow crypto.  If your collateral’s value drops below a certain threshold it can be liquidated (as in: you won’t get your money back) and you might be subject to added fees. For this reason, stablecoins are a popular collateral option. Be sure to carefully read Aave’s terms and conditions. 

Released: November 2017

Aave is on the rise this week.

The price of Aave has risen by 2.11% in the past 7 days. The price declined by 2.27% in the last 24 hours. In just the past hour, the price shrunk by 0.58%. The current price is $323.475 per AAVE. Aave is 51.37% below the all time high of $665.11.The current circulating supply is 13,223,198.204 AAVE.

Top stories

Don’t miss out on breaking news

Get the latest headlines on your favorite cryptocurrencies.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

Comparable market cap

Of all the assets on Coinbase, these 8 are the closest to Aave in market cap.

This content and any information contained therein is being provided to you for informational purposes only, does not constitute a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges. Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.