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Aave Price

Aave Price(AAVE)

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1 AAVE =
USD $85.85
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Last updated 2023/02/05 01:47 (UTC)
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Coinbase
1.99%
Kraken
0.26%
Binance
0.1%
$ 85.85
-5.78%
(1D)

AAVE Price Live Data

The live price of Aave is $ 85.85 per (AAVE / USD) today with a current market cap of $ 1.21B USD. 24-hour trading volume is $ 80.66M USD. AAVE to USD price is updated in real-time. Aave is -5.78% in the last 24 hours. It has a circulating supply of 14.09M USD.
AAVE Price Performance USD
ChangeAmount%
Today$ -4.9618969-5.78%
30 Days$ 48.39+56.37%
60 Days$ 31.76+37.00%
90 Days$ -2.0650059-2.41%

AAVE Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 84.73
High: $ 91.04
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 666.86
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
-2.01%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
-5.78%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
-2.01%
The percent change in trading volume for this asset compared to 7 days ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
-2.01%
The percent change in trading volume for this asset compared to 7 days ago.

AAVE Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#42
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 1.21B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 80.66M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
14.09M
Circulating supply shows the number of coins or tokens that have been issued so far.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
14.09M
Circulating supply shows the number of coins or tokens that have been issued so far.
Top News
Aave DAO Votes to Integrate Chainlink Proof-of-Reserves to Tighten Network Security
Decentralized lending protocol Aave will implement a “proof of reserve” system to protect bridged assets on Avalanche, a decentralized finance (DeFi) twist on the centralized exchanges racing to shore up customer confidence in the wake of FTX. The DAO behind Aave, the popular DeFi protocol on Ethereum, approved blockchain oracle Chainlink’s Proof-of-Reserve smart contract by a vote of over 99% in favor. It will specifically cover Aave v2 and v3 on the Avalanche blockchain. Bridged assets are DeFi’s way of moving value between blockchains that don’t normally communicate with each other. The asset gets locked in a smart contract on its home chain; then, a clone is issued on the target network. Aave v3 on Avalanche has bridged versions of DAI, USDT and USDC, among other tokens. But this setup creates many security vulnerabilities, and hackers have repeatedly exploited token bridges. This year, Web3 game Axie Infinity’s Ronin network and cross-chain protocol Nomad faced exploits totalling over $800 million due to breaches on their token-bridges. Bored Ghost Developing, the Web3 studio behind the proposal, says its PoR smart contracts will give an extra layer of security to Aave’s Avalanche implementation, but can also help mitigate attacks on bridged assets on the network. “The focus is more on automatically detecting and acting whenever any symptom of security issues on a bridge appears,” said Ernesto Boado, the former CTO at Aave and co-founder Bored Ghost Developing, which wrote the proposal. “We think that obviously, transparency goes first, in this case, our development goes a step further.” The proposal will see Aave use ChainLink PoR’s aggregator smart contract to protect tokens on the original network (Ethereum) as well as their bridged versions on the target network (Avalanche). Max Melcher, GTM Lead Proof of Reserve at Chainlink Labs told CoinDesk that Proof of Reserves allow decentralized technologies to accurately report on reserve values, rather than trusting a single party to do so. “Leveraging Chainlink Proof of Reserve, Aave can verify that bridged assets accepted on the platform are fully collateralized before allowing users to borrow against them,” said Melcher. Proof of Reserves have recently been in the news post-collapse of FTX, as the industry is demanding transparency from exchanges. Earlier this month, popular exchange Crypto.com’s reserve ratios show that investors’ assets are safely backed. Last week, Binance’s auditor Mazars cut ties with the exchange, raising questions about the exchange’s reserves, or lack thereof.
Cam Thompson - CoinDesk
2022-12-23
Cam Thompson - CoinDesk
2022-12-23
DeFi Lender Compound Tightens Borrow Limits After Aave Exploit Attempt
Decentralized lending protocol Compound Finance passed a proposal to impose loan limits and introduce new borrow caps to lower risk on its platform.The community voted overwhelmingly in favor to introduce or lower the maximum borrow amount for ten cryptocurrencies, including wBTC, LINK and UNI.“Setting borrow caps helps avoid high-risk attack vectors while sacrificing little capital efficiency and allowing for a threshold of organic borrow demand,” the proposal read.The voting concluded on Monday and it is in queue for execution at press time.The passed proposal introduces borrow caps for five cryptocurrencies and sets stricter loan limits for another five. (Compound Finance)Compound’s action comes after an alleged exploit attempt on Aave – a rival lending platform – brought scrutiny to any potential vulnerabilities in decentralized finance (DeFi) protocols’ lending mechanism.The exploiter, who appeared to be infamous DeFi trader Avi Eisenberg, borrowed large sums of illiquid CRV tokens on Aave in an attempt to create bad debt on the protocol. Aave froze borrowing in 17 crypto assets yesterday to mitigate risk from potential attacks before its network upgrade.Eisenberg became known for his self-described ““highly profitable trading strategy” exploiting a loophole on Solana-based DeFi hum Mango Markets, draining $114 million from the protocol last month.
Krisztian Sandor - CoinDesk
2022-11-29
#Compound
#Aave
#Compound
#Aave
Krisztian Sandor - CoinDesk
2022-11-29
#Compound
#Aave
#Compound
#Aave
Aave Supporters Say Lending Freeze Will Help Transition the Network
Decentralized finance (DeFi) protocol Aave is freezing borrowing and lending of assets in its Ethereum liquidity pool after a vote by its community of token holders aimed at mitigating risk – and in preparation for upgrading its protocol. The Ethereum liquidity pool is the largest on Aave, which has $5.6 billion in liquidity locked across six chains on the protocol. It will sunset trading on 17 assets, including Curve (CRV), 1inch (1INCH), Yearn Finance (YFI) and several stablecoins. The proposal, written by DeFi infrastructure company Gauntlet Network, is meant to avoid the risk of Aave accruing bad debt. It will help the protocol move from its v2 to v3 version by giving users the option to migrate their assets to the upgraded network, according to TKTKT Nick Cannon, VP of Growth at Gauntlet, told CoinDesk the proposal was also prompted by insolvency issues with the Curve token. Aave held $1.5 million in bad debt after a trader borrowed 20 million CRV from Aave to crypto exchange OKX, shorting the coin and tanking its price. Cannot said that while these tokens returning online is up to the Aave community, they will likely return to the protocol operable on its v3 chain. He also noted that these tokens comprise about 5% of Aave's TVL. Additionally, two separate additional proposals to pause borrowing on Uniswap (UNI) and Chainlink (LINK) passed on Sunday. Cannon noted that these tokens, a part of the Ethereum liquidity pool, were added to ensure the “robust tokens” were included in their effort to keep the assets safe. The protocol has been slow and steady in its move to deploy more assets on its v3 network over the past year. In January, Aave founder Stani Kulechov said the protocol would begin to deploy its v3 upgrade across seven chains, including Ethereum. On Monday, the Aave community voted in an off-chain poll to allow users to migrate 26 assets in the Ethereum liquidity pool to the v3 network. Currently, the upgraded versions of Aave runs atop layer 1 networks Avalanche, Fantom, and Harmony, as well as Ethereum-based layer 2 networks Arbitrum, Polygon and Optimism.
Cam Thompson - CoinDesk
2022-11-29
Cam Thompson - CoinDesk
2022-11-29
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