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AAVE Token statistics
Ranking
#30
Market cap
3,599,161,591.96 EUR
24h volume
247,381,202.15 EUR
Circulating supply
15,160,239.40 EUR
About AAVE (AAVE)
Aave is a decentralized finance (DeFi) protocol that enables users to lend and borrow cryptocurrencies without needing a central authority or intermediary. Launched in 2020, Aave has quickly gained traction in the DeFi space due to its innovative approach to lending and borrowing. Users can deposit their crypto assets into liquidity pools and earn interest, while borrowers can take out loans using their crypto as collateral. One of Aave's standout features is its support for flash loans, which allow users to borrow funds without collateral as long as the loan is repaid within the same transaction block.
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