Crypto Daily™ @cryptodailyuk · Jul 18, 2026 · 5:03 AM UTC

Crypto Daily™
@cryptodailyuk

Aave

AAVE

24H 7D 1M 1Y 5Y

Market cap

Volume (24h)

Total supply

Circulating supply

AAVE to USD converter

AAVE

USD

Rank

#47

Website

Tech Doc

Whitepaper

Socials

Explorers

etherscan.io app.nansen.ai solscan.io explorer-mainnet.maticvigil.com scan.hecochain.com

Information about "Aave"

Aave is a decentralized finance system that enables users to lend and borrow cryptocurrencies.

By depositing digital currencies into dedicated liquidity pools, lenders can earn interest. Borrowers can then leverage their crypto as collateral to secure flash loans from these liquidity pools.

The protocol, Aave, which translates to "ghost" in Finnish, initially debuted as ETHLend back in November 2017. It underwent rebranding to Aave in September 2018, which explains why the token's symbol doesn't match its name.

Holders of AAVE tokens benefit from reduced fees on the platform. Additionally, AAVE serves as a governance token, allowing its owners to participate in shaping the protocol's future direction.

Aave and its forerunner, ETHLend, were established by Stani Kulechov. He was motivated by the scarcity of lending apps available on Ethereum at the time, prompting him to create the project before the rise of decentralized finance.

Kulechov, a serial entrepreneur who started programming during his teenage years and attended law school, was an early blockchain enthusiast. The CEO expressed his aim to rebrand ETHLend to Aave to broaden the range of services offered beyond just Ether lending.

Kulechov has indicated that Aave's primary audience consists of individuals actively participating in the cryptocurrency community.

In a market that's becoming increasingly competitive, Aave stands out with several unique selling points. During the DeFi boom of summer 2020, it was among the leading projects by total crypto value locked in its system.

It supports borrowing and lending across approximately 20 different cryptocurrencies, offering users a wide variety of options. One of Aave’s standout features is "flash loans," which are touted as the first uncollateralized loan solutions in the DeFi space, though they must be repaid within the same transaction.

Another key feature is the ability for borrowers to switch between fixed and variable interest rates. Fixed rates can offer some stability in volatile market conditions, while variable rates might be preferable if a borrower anticipates a drop in prices soon.

In November 2017, an initial coin offering was conducted, raising $16.2 million through the sale of one billion AAVE tokens at $0.0162 each. At that time, 23% of the AAVE tokens were allocated to its founders and the project.

AAVE tokens are ERC-20 compliant and designed to be deflationary. If a shortfall arises within the DeFi protocol, staked tokens can be used as collateral as a last resort.

In July 2020, Aave announced a token swap, where 1.3 billion AAVE tokens would be exchanged for the new AAVE cryptocurrency at a 1:100 ratio, resulting in a total supply of 16 million AAVE. Of these, three million would be reserved.

Aave’s open-source protocol is built on Ethereum, which is currently transitioning from a Proof-of-Work to a Proof-of-Stake system.

Major exchanges that list AAVE tokens include CoinDCX, Binance, CoinBene, and OKEx. You can learn more about converting fiat currencies into crypto here.

"Aave" price data

Posts related to "Aave"

Metaplanet's Bitcoin-Backed Credit Plan: Can BTC Treasury Firms Become 24/7 Lenders?

Metaplanet and partners start a study on tokenized bitcoin‑backed credit with 24/7 trading and daily interest. Here’s wh...

6 days ago in Bitcoin by Idris Calloway

Aave Horizon's Institutional Test: Can Lending Protocols Win Without Retail Leverage?

Aave Horizon RWA market nears $540M as institutions test lending without retail leverage. Mechanics, risks, cap changes,...

1 week ago in DeFi by Sophia Bennett

Aave's Smart Value Recapture: Can Protocol Revenue Become DeFi's New Valuation Anchor?

Aave’s $59.95M 30‑day fees vs $576K to holders exposes DeFi’s revenue gap. Chainlink SVR’s $3.57M week reframes value ca...

1 week ago in DeFi by Idris Calloway

Crypto Daily™
@cryptodailyuk

9 hours ago

FTX Plans $900M Fifth Creditor Payout for Approved Claims FTX $900M fifth distribution starts July 31, 2026, with 105% cumulative for Class 5 and 103% for Classes 6A/6B; payouts via BitGo, Kraken, Payoneer. cryptodaily.co.uk/2026/07/ft…

Crypto Daily™ @cryptodailyuk · Jul 17, 2026 · 8:41 PM UTC

Crypto Daily™
@cryptodailyuk

17 hours ago

Stripe's PayPal Bid Puts solana:2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo Distribution in Play Stripe-Advent $53B bid for PayPal puts PYUSD’s next growth channel on the line as Polygon adds native issuance and supply tops $2.82B. What could change. cryptodaily.co.uk/2026/07/st…

Crypto Daily™ @cryptodailyuk · Jul 17, 2026 · 7:41 PM UTC

Crypto Daily™
@cryptodailyuk

18 hours ago

Uniper Targets Data Centers With a EUR 5B Investment Plan €5B Uniper plan targets data centers via flexible power and PPAs through 2030, with 10+ sites flagged, 3 projects advanced and one UK site done. Risks, trade-offs. cryptodaily.co.uk/2026/07/un…

Crypto Daily™ @cryptodailyuk · Jul 17, 2026 · 7:16 PM UTC

Crypto Daily™
@cryptodailyuk

18 hours ago

S&P 500 Post-Earnings Drift: Why Reactions Can Persist S&P 500 Q2 earnings growth of ~23.6% and calm VIX near 17.5 set the stage for post-earnings drift. Here is why reactions can stick around. cryptodaily.co.uk/2026/07/sp…

Crypto Daily™ @cryptodailyuk · Jul 17, 2026 · 5:41 PM UTC

Crypto Daily™
@cryptodailyuk

20 hours ago

GE Aerospace Raises Outlook as Supply Delays Hit Growth Q2 beat and higher 2026 EPS/FCF guidance at GE Aerospace reset expectations as GEnx delivery worries swirl. Services strength offsets supply friction for now. cryptodaily.co.uk/2026/07/ge…

Crypto Daily™ @cryptodailyuk · Jul 17, 2026 · 4:43 PM UTC

Crypto Daily™
@cryptodailyuk

21 hours ago

Keyrock Buys BlockFills Assets to Expand Crypto Derivatives Keyrock's $3.25M purchase of BlockFills’ brokerage assets adds a CIMA entity and a proposed FCA unit, plus veteran hires, positioning for deeper options liquidity. cryptodaily.co.uk/2026/07/ke…

Crypto Daily™ @cryptodailyuk · Jul 17, 2026 · 4:30 PM UTC

Crypto Daily™
@cryptodailyuk

21 hours ago

Eli Lilly Buys AtaiBeckley to Expand Depression Pipeline Eli Lilly’s $2.8B cash deal plus up to $1B in CVRs to buy AtaiBeckley adds FDA Breakthrough BPL‑003 for TRD, with closing eyed Q3 2026. cryptodaily.co.uk/2026/07/li…

Crypto Daily™ @cryptodailyuk · Jul 17, 2026 · 4:00 PM UTC

Crypto Daily™
@cryptodailyuk

22 hours ago

Bitcoin Call Wall Explained: Why $70K Can Cap Volatility Bitcoin options build a $70k call wall as dealers run negative gamma near 68k to 70k, keeping price pinned after a $10.6B expiry and a 307-day range. Here is why. cryptodaily.co.uk/2026/07/bi…

Crypto Daily™ @cryptodailyuk · Jul 17, 2026 · 3:30 PM UTC

Crypto Daily™
@cryptodailyuk

22 hours ago

Tether Invests in Ualá Without Immediate USDT Integration Tether’s $20M stake in Ualá arrives without a solana:Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB rollout, citing regulatory headwinds in Argentina and Mexico. Ualá’s round values it near $3.2B. cryptodaily.co.uk/2026/07/te…

Crypto Daily™ @cryptodailyuk · Jul 17, 2026 · 3:00 PM UTC

Crypto Daily™
@cryptodailyuk

23 hours ago

Ledger Agent Stack Keeps AI Wallet Actions Human-Approved Ledger Agent Stack launches open source with hardware-gated approvals; agents propose, humans sign. Early integrations include MoonPay and Shisa.ai. cryptodaily.co.uk/2026/07/le…

Crypto Daily™ @cryptodailyuk · Jul 17, 2026 · 2:35 PM UTC

Crypto Daily™
@cryptodailyuk

23 hours ago

Gate Gains CEX Share as Spot Trading Volume Recovers June CEX turnover reached $4.74T; spot rose to $735.8B. Gate took 9.31% with $67.9B spot and +$236.1M net inflows amid Binance EU license pullback. cryptodaily.co.uk/2026/07/ga…

Crypto Daily™ @cryptodailyuk · Jul 17, 2026 · 2:06 PM UTC

Crypto Daily™
@cryptodailyuk

1 day ago

Bitcoin Correction Begins: Will $BTC Drop to $57K or Hold Bull Trendline Support? After being rejected from the key $66K horizontal resistance level, the $BTC price is in a corrective phase. The question now is whether the bull market trendline will hold, or if the price will fall through to much lower levels? cryptodaily.co.uk/2026/07/bi…

Crypto Daily™ @cryptodailyuk · Jul 17, 2026 · 2:04 PM UTC

Crypto Daily™
@cryptodailyuk

1 day ago

Ethereum Foundation Cuts Costs as Leadership Model Shifts 40% budget cut and a 20% headcount reduction reshape the Ethereum Foundation as new clusters debut and spinouts launch. What the shift means by 2030. cryptodaily.co.uk/2026/07/et…

Crypto Daily™ @cryptodailyuk · Jul 17, 2026 · 7:02 AM UTC

Crypto Daily™
@cryptodailyuk

1 day ago

T. Rowe Price Launches Active Multi-Token Crypto ETF $TKNZ launches on NYSE Arca with about $15M and a 0.75% net fee through May 2027. Active basket starts BTC 40.75%, ETH 18.42%. What the strategy means and key risks. cryptodaily.co.uk/2026/07/t-…

Crypto Daily™ @cryptodailyuk · Jul 17, 2026 · 6:47 AM UTC

Crypto Daily™
@cryptodailyuk

1 day ago

Alpaca Raises $135M for Tokenized Stock Infrastructure Alpaca’s $135M raise pushes tokenized stocks into production, as DTCC confirms live trades. Total financing hits $435M with Kraken/BMO debt. Here’s what changed. cryptodaily.co.uk/2026/07/al…

Crypto Daily™ @cryptodailyuk · Jul 17, 2026 · 6:21 AM UTC

Crypto Daily™
@cryptodailyuk

1 day ago

Crypto.com Wins Citadel Backing at a $20B Valuation Citadel Securities invests $400M in Crypto.com, implying a $20B valuation and a push into tokenized securities and derivatives. Market impact and risks. cryptodaily.co.uk/2026/07/cr…

Crypto Daily™ @cryptodailyuk · Jul 16, 2026 · 6:02 PM UTC

Crypto Daily™
@cryptodailyuk

1 day ago

United Airlines Earnings: Can UAL Absorb Rising Fuel Costs Without Losing Pricing Power? Q2 revenue of $17.7B and 12.1% TRASM growth show UAL holding pricing as 2026 fuel costs jump by nearly $6B. Guidance leans on jet fuel forwards. cryptodaily.co.uk/2026/07/un…

Crypto Daily™ @cryptodailyuk · Jul 16, 2026 · 5:02 PM UTC

Crypto Daily™
@cryptodailyuk

1 day ago

Base Social App Reset: Why Jesse Pollak's Crypto Social Strategy Failed July 2026 reset at Base after Jesse Pollak concedes on-chain social misfire; Zora activity drops 99.8% from 2025 peak. Cobie steps in as Coinbase regroups. cryptodaily.co.uk/2026/07/ba…

Crypto Daily™ @cryptodailyuk · Jul 16, 2026 · 4:03 PM UTC

Crypto Daily™
@cryptodailyuk

1 day ago

Kalshi Flight Cancellation Markets: Can Travel Disruption Become a Tradable Hedge? Kalshi filing details airport flight-cancellation contracts using FlightAware data, as the CFTC asserts oversight. Hedgers, airlines, and traders face new options. cryptodaily.co.uk/2026/07/ka…

Crypto Daily™ @cryptodailyuk · Jul 16, 2026 · 3:11 PM UTC

Crypto Daily™
@cryptodailyuk

1 day ago

S&P 500 Retail Sales Test: Can Consumer Strength Validate Record Valuations? Forward P/E at 20.1 and S&P 500 near records put retail sales in focus. June data shows 0.33% MoM growth as confidence hits 91.2. What validates valuations? cryptodaily.co.uk/2026/07/sp…

Finance Police @financepoliceHQ · Jun 3, 2026 · 8:13 AM UTC