Aave: Decentralized crypto lending platform with unique features.
Aave is a decentralized platform for lending, borrowing, and earning interest on crypto assets, using smart contracts on Ethereum, Polygon, and Avalanche, with a native token called AAVE.
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What is Aave (AAVE)?
Aave is a decentralized platform for lending and borrowing cryptocurrencies. Launched in January 2020, it enables users to lend, borrow, and earn interest on digital assets without intermediary involvement. When lending on the platform, users earn interest, and borrowers pay interest. Aave operates across Ethereum, Polygon, and Avalanche blockchains using smart contracts managed by a decentralized network of computers. Its native token is AAVE. Key features include depositing assets into pools that the protocol lends out, with over 30 pools available for Ethereum-based tokens like Tether, DAI, USD Coin, as well as cryptocurrencies such as ETH, BAT, and MANA. Depositors receive aTokens, for example, depositing ETH yields aETH. Borrowers must provide collateral, with borrowing limits based o...
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Aave price live information
As of now, Aave is trading at 258.34 USD, with a 24-hour trading volume of approximately 16.38M USD. The AAVE to USD price is updated in real time. Over the past 24 hours, Aave has increased by 3.04%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 3.90B USD. Currently, there are 15 107 149.755987 AAVE in circulation out of a maximum supply of 16 000 000 AAVE.
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