Aave is a distributed money market protocol where participants can lend and borrow cryptocurrency across 20 different assets as collateral. The protocol has a native token called AAVE, which is also a protocol governance token that lets the community decide the direction of the protocol in a collective manner.
In practice, lenders can earn interest by providing liquidity to the market, while borrowers can borrow by collateralizing their cryptoassets to take out loans from the liquidity pools. Aave (AAVE) is a distributed finance (DeFi) protocol that lets participants lend and borrow cryptocurrencies without intermediaries, utilizing on-chain contracts on the Ethereum blockchain. Latest snapshot shows market cap near $1,443,639,867, 24h volume around $282,181,797, 24h change down 3.89%. DexBrief is currently monitoring a live market route on Ethereum via Balancer. Current market coverage for this page is being assembled from a single public market feed.
Public metadata currently describes Aave as a token with a not-mineable issuance model and centralized structure. Contract references point to Ethereum as the primary asset platform. Public reference history for this asset dates back to 2020-10-13. Available contract and metadata references point back to the Ethereum network. Common classification tags include Huobi ECO Chain Ecosystem, Avalanche Ecosystem, and BNB Chain Ecosystem. Public contract references currently span Ethereum, Base, Hydration.