About The #AAVE Network (AAVE)
Aave is a lending platform that was originally developed on the Ethereum platform that was established in 2017. It is a decentralized platform based in Switzerland that enables DeFi lending and borrowing of digital assets on Ethereum, Polygon, and Avalanche networks. Liquidity in the Aave platform is offered in a complete decentralization of the P2P model. Owing to the Ethereum Merge, the Aave digital currency AAVE now uses the PoS model of validation of transactions. In addition to as a trading/staking asset, Aave mainly operates as a protocol community voice to make choices like which asset pairs users should be able to offer in Aave liquidity pools and other active DeFi options.
Who is the AAVE Founder?
Stani Kulechov launched the for-profit company Aave in 2017, while he was in college studying law in Helsinki. This was followed by the creation of a homonymous network based in Switzerland to offer DeFi lending and borrowing solutions.
Maximum Token Supply of AAVE
It has been reported that there is a total maximum token supply of 16 million AAVE tokens. According to information available at the time of writing this paper, 13,915,774 AAVE tokens are believed to be in circulation.
What Makes AAVE Different From Others?
Specifically, Aave is recognized as a decentralized finance system that is non-custodial and advantageous for users since it returns direct power over the digital assets to their owners, the liquidity providers. One outstanding aspect of Aave is that it has an AMM Market, which was introduced in 2021. It enables the Aave participants to commit a specific amount of funds to active pools for the APY rewards.
After it began using the Ethereum network, the Aave lending has been integrated with Polygon and Lending has been integrated with the Avalanche network. Also, Aave has declared its willingness to develop other sub-sectors, including blockchain games and a payment processing network.
AAVE price today
The current price of Aave is $175.32 per (AAVE / USD), with a market capitalization of $2.62 billion USD. The 24-hour trading volume is $352.03 million USD. The AAVE to USD price is updated in real time. Aave has increased by 10.76% in the last 24 hours, with a circulating supply of 14.94M.
AAVE Price History
The price of AAVE has risen and fallen dramatically in recent months. As of now, the price is $17.04, up 10.76%. AAVE's price has risen by 26.05% in the previous 30 days, to $36.23. Looking back 60 days, its value jumped to $78.59, reflecting an astounding 81.24% increase. AAVE achieved $84.01 in 90 days, representing an astounding 92.01% growth. This demonstrates the token's unpredictable but significant increasing tendency.
AAVE Price Information
AAVE's recent price changes reflect a lot of activity. Its price has fluctuated between $154.77 and $176.78 over the last 24 hours. The token's all-time high remains $666.86. AAVE increased by 0.48% in the last hour, and by 10.76% in the previous 24 hours. Over the last week, AAVE has increased by an incredible 25.39%, indicating great upward momentum in its performance.
AAVE Market Information
AAVE is presently ranked as the 37th most popular cryptocurrency. It has a market capitalization of $2.62 billion and a 24-hour trading volume of $352.03 million. The circulating supply is 14.94 million AAVE tokens, and there is no set total maximum limit. AAVE's fully diluted market capitalization is $2.81 billion, indicating the company's vast market potential.
AAVE price prediction for 2024, 2025, 2030
According to estimates, Aave is predicted to trade between $173.53 and $810.02 in 2024, with a potential 356.25% increase if it reaches the highest objective of $810.02. By 2025, Aave might trade between $173.53 and $810.02, with the same potential increase. Looking ahead to 2030, Aave's price is expected to be between $426.57 and $691.65, representing a 289.57% rise if it reaches the highest estimate of $691.65.
FAQ’s
What Does AAVE Stand For?
When Aave was first developed and introduced in 2017, it was known as EthLEND (with the native cryptocurrency LEND). However, in 2018, it was renamed Aave, which means "ghost" in Finnish, maybe because it allows for simple migration in and out of various blockchain ecosystems.
What Is #AAVE Used For?
AAVE is not just a tradable cryptocurrency for borderless blockchain payments, but it is also Aave's network governance token. Holders stake it to have a say in crucial network choices that determine which DeFi protocols to keep or add to Aave's DeFi strategy portfolio.
Is it profitable to invest in Aave?
Over the last 30 days, Aave has had 13/30 (43%) green days. Our historical data show that investing in Aave is currently profitable. The price of Aave has risen by 184.93% in the last year, while the coin's three-year performance is -36.52%.
Should I purchase Aave in 2024?
Based on a variety of technical quantitative indicators, the current outlook for Aave in 2024 is optimistic. This could indicate that Aave is a solid investment for 2024. However, before deciding whether or not to acquire Aave, both technical (price history) and fundamental considerations (on-chain activity and development) must be considered.
How to Purchase Aave (AAVE)?
AAVE can be purchased straight from Binance using a credit or debit card. It can also be exchanged for other cryptocurrencies on the Binance platform.
