AAVE (AAVE) Price

AAVE is a decentralized lending protocol built on Ethereum that allows users to borrow and lend various cryptocurrencies. It enables users to earn interest by depositing digital assets into liquidity pools or borrow assets by providing collateral. AAVE uses smart contracts to automate lending and borrowing processes, removing the need for intermediaries. The native token AAVE is used for governance and as collateral. As of 2026-09-15, AAVE is ranked 57 with a price of $175.64 and a 24-hour trading volume of $8.90M. The total supply of AAVE is 16.00M AAVE, with 15.42M AAVE in circulation. AAVE has gained popularity in the DeFi space for its innovative features like flash loans and its focus on creating a transparent and open infrastructure for decentralized finance.

AAVE was created in November 2017 when Stani Kulechov led a development team to launch ETHLend through an Initial Coin Offering (ICO). In September 2018, ETHLend was rebranded as AAVE. The AAVE token itself was introduced in October 2020 through an improvement proposal (AIP1) that converted the previous LEND token to AAVE at a 100:1 ratio. This conversion occurred on October 3, 2020, at Ethereum block height 10978863. Since then, AAVE has grown to become one of the leading decentralized lending protocols in the cryptocurrency space, currently ranked 57 by market capitalization as of 2026-09-15.

AAVE was founded by Stani Kulechov, who led the development team that launched ETHLend in November 2017. ETHLend was later rebranded as AAVE in September 2018. Kulechov remains the CEO and founder of AAVE. The AAVE team is based in London and consists of 18 industry leaders focused on creating an open infrastructure for decentralized finance.

AAVE works as a decentralized lending protocol on the Ethereum blockchain. Users can deposit crypto assets to earn interest or borrow against their collateral. Key features include: 1. Liquidity pools: Lenders provide assets to pools, which borrowers can access. 2. Interest rates: Algorithmically adjusted based on supply and demand. 3. Flash loans: Uncollateralized loans that must be repaid within one transaction block. 4. Governance: AAVE token holders can vote on protocol upgrades and parameters. 5. Safety modules: A reserve fund to protect against shortfall events. 6. Multiple asset support: Users can interact with various cryptocurrencies and stablecoins. 7. Cross-chain functionality: Available on multiple blockchain networks beyond Ethereum. The protocol utilizes smart contracts to automate lending and borrowing processes, eliminating intermediaries. This allows for more efficient and accessible financial services in the decentralized finance (DeFi) ecosystem. As of 2026-09-15, AAVE has a market cap of $2.75B and is trading at $175.64. The total supply is 16.00M AAVE tokens, with 15.42M AAVE in circulation.

AAVE is built on the Ethereum blockchain using smart contract technology. Its technical architecture includes: 1. Lending pools: Smart contracts that manage deposits and loans of various crypto assets. 2. aTokens: Interest-bearing tokens minted when users deposit assets, representing the user's share in the lending pool. 3. Flash loans: Uncollateralized loans that must be repaid within a single transaction block. 4. Rate switching: Ability to switch between stable and variable interest rates. 5. Decentralized governance: AAVE token holders can vote on protocol upgrades and parameters. 6. Price oracles: Integration with Chainlink oracles to obtain real-time asset prices. 7. Risk management: Liquidation mechanisms and over-collateralization to protect lenders. 8. Cross-chain functionality: Deployments on multiple blockchains like Polygon, Avalanche, and Fantom. 9. Safety module: Staking mechanism to provide security for the protocol. This architecture enables AAVE to function as a decentralized, non-custodial liquidity protocol for lending and borrowing crypto assets efficiently and securely.

AAVE is rising due to increased adoption in DeFi, positive market sentiment, and growing demand for its lending and borrowing services. The protocol's innovative features and strong community support are driving its price upward.

AAVE price is dropping due to market volatility and profit-taking after recent gains. The current price of $175.64 represents a -0.75% decrease in the last 24 hours. However, AAVE remains a leading DeFi protocol with strong fundamentals.

The current price of AAVE (AAVE) is $175.64. As the #57 cryptocurrency by market cap, AAVE has seen a -0.75% change in the last 24 hours with a trading volume of $8.90M.

The highest price AAVE has ever reached is $927.09, which occurred on May 19, 2021.

The lowest price AAVE has ever reached is $36.46. This all-time low occurred on November 5, 2020.

Currently, 1 AAVE is worth $175.64.

AAVE is valuable due to its role in decentralized finance. As the native token of a leading lending protocol, it enables governance, staking, and risk management within the AAVE ecosystem. Its limited supply of 16.00M AAVE tokens and growing adoption in DeFi contribute to its value.

The total supply of AAVE is 16,000,000 AAVE, with a circulating supply of 15.42M AAVE as of 2026-09-15.

AAVE was officially launched on October 2, 2020, when the LEND token was converted to AAVE at a 100:1 ratio through the Aave Improvement Proposal 1 (AIP1).

Currently, one AAVE costs $175.64.

You can buy AAVE through centralized or decentralized exchanges(Gate.com). Simply create an account, complete identity verification, deposit funds, and place an order to buy AAVE at $175.64.

To purchase AAVE, create an account on a reputable cryptocurrency exchange(Gate.com), complete identity verification, deposit funds using bank transfer or card, navigate to AAVE trading pair, enter purchase amount, and confirm your transaction. Store your AAVE in a secure wallet for safekeeping.

Yes, AAVE is generally considered safe and legitimate. It's a well-established decentralized lending protocol on Ethereum, ranked 57 by market cap at $175.64. The project has a strong team, active development, and widespread adoption in the DeFi space.