Aave
About Aave
Aave is a decentralized finance protocol that allows people to lend and borrow cryptocurrencies. Lenders earn interest by depositing digital assets into liquidity pools. Borrowers can use their cryptocurrencies as collateral to get a quick loan. With Aave meaning 'ghost' in Finnish, the platform previously launched as ETHLend in November 2017 but was rebranded to Aave in September 2018. The Aave company gives registered users on their platform a reduction on fees and also doubles as a governance token, granting certain rights to influence future development on the protocol.
In the last hour, Aave's price has seen a change of -0.28%, and over the past 24 hours, its price has moved by +2.01%. Over the previous week, Aave's price has moved by -5.14%. The current price of Aave is SAR 645.51, accompanied by a trading volume of 970.2M in the last day. Aave's price is currently 74.22% below its all-time high of SAR 2,503.76, which remains the highest price Aave has achieved since its launch. The circulating supply of Aave stands at 15.44M, translating to a total market capitalization of 9.964B.
Market stats
Frequently asked questions
What is the market cap of Aave?
With a market capitalization of 9.964B, Aave is ranked 39 among other crypto assets.
What is the all-time high of Aave?
The highest valuation of Aave since its launch was at SAR 2,503.76, marking its all-time high.
What is the 24-hour trading volume of Aave?
The trading activity of Aave over the last 24 hours was at 970.2M, highlighting its liquidity in the market.
How many Aave are there in circulation?
There are approximately 15.44M units of Aave currently in circulation, affecting its market dynamics.
What is the relative popularity of Aave?
Aave market cap is around 9.964B.
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