Aave (AAVE)

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Aave (AAVE)

What is Aave?

Aave is one of the largest decentralized lending protocols: depositors supply liquidity into pooled markets, borrowers take loans against crypto collateral, and interest rates adjust algorithmically based on utilization. The design is non-custodial—smart contracts hold positions; users retain control through their wallets.

AAVE is the protocol’s governance and utility token. Holders (often staking AAVE or a stkAAVE variant depending on deployment) vote on risk parameters, asset listings, fee switches, and treasury use. Aave has expanded across multiple EVM networks, so the same conceptual model (markets, oracles, liquidations) appears in different deployments with network-specific asset sets.

For readers comparing DeFi money markets: Aave emphasizes formal audits, a large developer community, and a long track record since evolving from ETHLend. As with all leveraged DeFi, borrowing amplifies both opportunity and liquidation risk—always verify collateral factors, oracle sources, and which market version you interact with on the official app.

Key Facts & Snapshot

Symbol: AAVE
CoinGecko id: aave
Market cap rank (CoinGecko): #54
Categories: Decentralized Finance (DeFi), Yield Farming, BNB Chain Ecosystem, Lending/Borrowing Protocols, Avalanche Ecosystem, Polygon Ecosystem, Near Protocol Ecosystem, Fantom Ecosystem, Harmony Ecosystem, Arbitrum Ecosystem, Ethereum Ecosystem, Optimism Ecosystem, Base Ecosystem, Index Coop Defi Index, Stablecoin Issuer, Energi Ecosystem, Sora Ecosystem, Huobi ECO Chain Ecosystem, GMCI DeFi Index, Blockchain Capital Portfolio, GMCI Index, World Liberty Financial Portfolio, Coinbase 50 Index, Hydration Ecosystem, Governance, Base Native
Circulating supply (snapshot): 15,164,686
Total supply (snapshot): 16,000,000
Max supply (snapshot): 16,000,000
All-time high (USD, CoinGecko): $661.69 (May 18, 2021)
All-time low (USD, CoinGecko): $26.02 (Nov 5, 2020)

Market (USD snapshot)

Market cap (USD, snapshot): $1.43B
24h volume (USD, snapshot): $203.40M
Fully diluted valuation (USD, snapshot): $1.51B
24h price change (snapshot): +0.87%

Community & code (CoinGecko)

Telegram members (CoinGecko): 17,372
GitHub stars (main repo, CoinGecko): 1,439
GitHub forks (main repo, CoinGecko): 589

Contract addresses (by platform)

ethereum: 0x7fc66500c84a76ad7e9c93437bfc5ac33e2ddae9
base: 0x63706e401c06ac8513145b7687a14804d17f814b
hydration: asset_registry%2F1000624
harmony-shard-0: 0xcf323aad9e522b93f11c352caa519ad0e14eb40f
huobi-token: 0x202b4936fe1a82a4965220860ae46d7d3939bb25
fantom: 0x6a07a792ab2965c72a5b8088d3a069a7ac3a993b
near-protocol: 7fc66500c84a76ad7e9c93437bfc5ac33e2ddae9.factory.bridge.near
energi: 0xa7f2f790355e0c32cab03f92f6eb7f488e6f049a
sora: 0x0091bd8d8295b25cab5a7b8b0e44498e678cfc15d872ede3215f7d4c7635ba36
polygon-pos: 0xd6df932a45c0f255f85145f286ea0b292b21c90b
binance-smart-chain: 0xfb6115445bff7b52feb98650c87f44907e58f802
arbitrum-one: 0xba5ddd1f9d7f570dc94a51479a000e3bce967196
(+2 more contract(s) on CoinGecko — see asset page there for full list.)

Official & Community Links

Learn More

Frequently Asked Questions

What is Aave and what does it do?

Aave is a decentralized finance (DeFi) protocol that allows users to lend and borrow cryptocurrencies without intermediaries. It operates across multiple blockchain ecosystems including Ethereum, Polygon, Avalanche, Arbitrum, Optimism, and others, enabling users to earn interest on deposits or take out crypto-backed loans.

How many AAVE tokens are in circulation?

There are currently 15,164,686 AAVE tokens in circulation out of a maximum supply of 16,000,000 tokens. This means approximately 95% of the total supply has already been released.

What was Aave's highest price ever?

Aave reached its all-time high of $661.69 on May 18, 2021. The token’s all-time low was $26.02 on November 5, 2020, representing significant historical price volatility.

How risky is investing in AAVE tokens?

AAVE faces several risks including extreme historical price volatility (from $26 to $661 and back), regulatory uncertainty around DeFi lending protocols, smart contract vulnerabilities across its multi-chain deployments, and competition from other lending platforms. As with all cryptocurrencies, AAVE could lose substantial value during market downturns.

Is Aave a governance token?

Yes, AAVE functions as a governance token, allowing holders to vote on protocol changes and decisions. It is categorized under governance and is held in notable portfolios including World Liberty Financial Portfolio and Blockchain Capital Portfolio.