Aave (AAVE) is a decentralized finance protocol that allows people to lend and borrow cryptocurrencies. It's essentially a liquidity protocol where users can participate as suppliers or borrowers ¹. Suppliers earn interest by depositing digital assets into liquidity pools, while borrowers can use their crypto as collateral to take out loans ¹.$AAVE

*Key Stats:*

- _Market Cap:_ $2.09 billion, ranking #39 ¹

- _Circulating Supply:_ 14,952,163 AAVE coins ¹

- _Total Supply:_ 16,000,000 AAVE coins ¹

- _All-time High:_ $666.86 (May 18, 2021) ¹

- _All-time Low:_ No data available ¹

*What makes Aave unique?*

Aave offers some exciting features, including flash loans, which are the first uncollateralized loan option in the DeFi space ¹. Borrowers can also alternate between fixed and variable interest rates, providing flexibility in volatile markets ¹. Additionally, Aave has a governance token, AAVE, which gives holders a say in the protocol's development and decision-making processes ¹.