Aave AAVE

Aave's price today is $135.53, with a 24-hour trading volume of $163,828,950. AAVE is down 0.77% in the last 24 hours and ranks #48 by market cap.

Aave is a non-custodial open-source protocol that allows users to create money markets, providing them with the opportunity to borrow, lend, and earn interest on their crypto assets in a decentralized and automated manner.

The protocol was created in 2018 by Stani Kulechov in Switzerland after raising over $16 million in its Initial Coin Offering (ICO) in 2017. At that time, the protocol’s token was named “LEND” but would later be renamed to AAVE, which means “ghost” in Finnish,  in 2018.

Aave was designed as a decentralized lending system in which users could lend and borrow cryptocurrencies and earn interest by depositing in the liquidity pools.

What is Aave's all-time high (ATH)?

On May 18th, 2021, Aave hit a historic high of $661.69, 5 years ago.

What is Aave's all-time low (ATL)?

On November 5th, 2020, Aave bottomed out at $26.02, 5 years ago.