/  Crypto Details: Aave (AAVE)

AAVE current price is $319.50 -2.50% (24hrs)

Aave is a decentralized finance protocol that allows people to lend and borrow crypto. The protocol has a native token called AAVE.

Aave was previously known as ETHLend when it was founded in November 2017 by Stani Kulechov and has successfully raised $16.2 million through an ICO round. ETHLend was then rebranded to Aave in September 2018.

AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.

AAVE tokens have been built based on the ERC-20 standard, and they are designed to be deflationary. In the event of a shortfall in the DeFi protocol, staked tokens would be used as collateral as a last resort.

The price of AAVE right now is $319.50. Its price is ↓ -2.50% down in the last 24 hours.

Current Price All Time High Market Cap
$319.50 $661.69 $4,233,816,996.00

AAVE Price Changes :

Last 24 Hours Last 7 Days Last 30 Days Last 1 Year
↓ -2.50% ↓ -2.38% ↑ 2.29% ↑ 926.89%