Aave (AAVE)

Lending Platform

#24

Marketcap Ranking

367.8999 (1.49%) arrow_drop_up

Market Price (24h change)

3,929,557,243

Total Market Cap

3.1

4.1

info_outline What is Aave

4.5

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Aave Short Description

The main purpose of Aave, or ETHLend then, was to devise a solution that could resolve the issue of defaults on loans.

This was specifically important to safeguard the losses suffered by the lenders when borrowers were unable to return the amount they borrowed.

Aave came up with a smart-contract based solution to lock digital asset as a collateral against some loan, without having to sell those assets.

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Aave Explanation Video

Intro to Aave | Decentralized Lending & Borrowing Protocol on Ethereum | Chris Blec on DeFi

Aave is a decentralized & non-custodial protocol for lending & borrowing cryptoassets. This video reviews usage of Aave via the project's hosted website and ...

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Screenshot from Website

aave.com
Aave Websitemore_vert

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Website Informationclose

Organization: DATA REDACTED
Name: DATA REDACTED
Country: CH
City: DATA REDACTED
Zipcode: DATA REDACTED
Address: DATA REDACTED
Mail: r
Creation date: 1997-10-21
Expiration date: 2026-10-20
Nameserver: ART.NS.CLOUDFLARE.COM

build Aave Product Analysis

4.8

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Aave Whitepaper

Decentralized Lending on Ethereum Network - Lending Ethereum


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Aave Competitors

  • 1.) Aave

    Decentralized Lending on Ethereum Network - Lending Ethereum

  • 2.) ATN

    ATN is built on a smart-contract enabled next-generation blockchain to provide AIaaS. ATN will create an environment that gives DApps quick and secure access to A.I. capabilities and services. In order to achieve this, ATN will create and ensure the growth of a DBots/DApps ecosystem. In development.

  • 3.) Dragonchain

    Dragonchain is a platform, that stores and secures business-client data, create smart contracts, crowd-scaled incubator, and marketplace. It creates ecosystem, with Dragos, as a fuel.

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Aave Product Analysis

Aave was founded back in September 2018. Its source code was released publicly on github on October 2019 under the Other license.
Organization wise, Aaves Development is Centralized and is being developed under the lead of a non-public figure..

The consensus on which the Aave network is run is called Not mineable, while the underlying algorithm is called None.
In the current state of Aave currently is On-going development

group Aave Community Analysis

3.2

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Aave Communities & Events

Aave is a London-based technology company founded in 2017 by Stani Kulechov, focused on creating a transparent and open infrastructure for decentralized finance. Aave is an open source and non-custodial protocol to earn interest on deposits and borrow assets with a variable or stable interest rate. The protocol is designed for easy integration into your products and services. The Aave team is a multicultural group of creatives who hold transparency, security, and trust at their core.

view_list r/Aave_Official Subreddit
person 7,455 Subscribers
directions_run 58 Active Users
create Daily Posts
speaker_notes Daily Comments
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aave.com

Open source money market

Announcements channel:
https://t.me/Aave_Official

view_list Aave Fam | NOT Airdropping Channel
person 12,948 Members
directions_run 1,647 Online
linkOpen in Telegram

Official Twitter account for Aave

view_list @AaveAave Channel
person 154,501 Followers
03.19.2021
09:01
šŸ‘€ https://t.co/oJnrXkH97G 98 favorite
03.18.2021
16:34
Enzyme has integrated the Aave Protocol, giving @enzymefinance Vault Managers access to Aave depositing šŸ”„ https://t.co/7BjwSyxnbX https://t.co/R0EAG2N6K9 172 favorite
03.17.2021
23:33
Today at 18:00 PDT šŸ‘‡ https://t.co/BiePfIg8Et 59 favorite
03.17.2021
14:55
Today at 6pm PDT on Clubhouse šŸ‘€ https://t.co/bedKAaDkhu @StaniKulechov @pitdesi @mcutler @tarunchitra @cuysheffield @terryangelos https://t.co/7Op1h3at50 78 favorite
03.16.2021
12:27
Aave Weekly report in Japanese šŸ‡ÆšŸ‡µ ā¬‡ļøā¬‡ļøā¬‡ļø https://t.co/zyixIcqSBA 66 favorite
03.16.2021
09:54
Today, users can begin depositing and borrowing crypto assets from the Aave AMM Liquidity Pool, enabling @Uniswap and @BalancerLabs liquidity providers to use their LP tokens as collateral in Aave Protocol šŸ‘€ https://t.co/Gf0WZ6fWiy 1,438 favorite
03.15.2021
15:38
This Wednesday at 6pm PDT... šŸ‘€ Join @StaniKulechov, @pitdesi, @mcutler, @tarunchitra, and @cuysheffield & @terryangelos from @Visa for "FinTech Explained: #DeFi & Self-Driving Money" šŸ‘‡šŸ‘‡šŸ‘‡ https://t.co/DlKGXekjrc 163 favorite
03.09.2021
17:39
Round 2 lets goooooo šŸ§™ā€ā™‚ļøšŸ‘»šŸ§™ā€ā™€ļø https://t.co/9FMYbuRjas 91 favorite
03.09.2021
12:11
Proud to support the Asia #DeFi Network @asiadefi šŸ”„ https://t.co/IEyttJUwhG 119 favorite
03.09.2021
11:16
.@TaurusGroup_ch has integrated Aave Protocol V1 & V2, enabling institutional and banking clients to directly deposit and borrow a wide range of digital assets šŸ‘€ https://t.co/VG2Q00pg6d https://t.co/FyizYz5Ei3 345 favorite

There are no events for Aave in the next 3 Months

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Aave Google Trends


The Google Trends chart displays the search interest on google in Aave relative to its peak over the last year. A rising chart shows growing interest int he project.

code Aave Development Analysis

3.2

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Aave Github Analysis

Code Updates (Commits)


Every change to the codebase of Aave is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 563 Stars
remove_red_eye 71 Watchers
usb 251 Forks
sync_problem 14 Open Issues
border_color 198.06 % Comment Coverage
lock_open Other License

attach_money Aave Price Analysis

2.8

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Aave Price Prediction

$ 362.5180 (-1.51%) arrow_drop_down

Predicted USD Market Price in 24h by Coinpaper

$ 356.3855 (-3.17%) arrow_drop_down

Predicted USD Market Price in 14d by Coinpaper

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Converter AAVE - USD

Convert between AAVE and USD with the live Aave prices, aggregated from all big exchanges that trade Aave.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Aave Team Analysis

4.0

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Aave Team

Aave Team Leader

Stani Kulechov - Founder
Stani Kulechov is the founder and CEO of Aave and ETHLend. He is an influencer in the development of technology, with extensive experience mentoring founders and advisors of ICOs and blockchain projects. Stani has spoken at numerous FinTech, Blockchain and cryptocurrency events, particularly on topics related to Ethereum Smart Contracts.


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Aave Team Members (0)

remove_red_eye Aave Product Review by Coinpaper

4.2

Aave Product description

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The main purpose of Aave, or ETHLend then, was to devise a solution that could resolve the issue of defaults on loans. This was specifically important to safeguard the losses suffered by the lenders when borrowers were unable to return the amount they borrowed. Aave came up with a smart-contract based solution to lock digital asset as a collateral against some loan, without having to sell those assets. ETHLend was built on top of the Ethereum network to form an ecosystem secure lending in a simple peer-to-peer model. At the core of the protocol is the Smart Contract which records all the details related to the loan and also contains the address of the wallet where the collateral assets are stored. In case the borrower fails to return the loan, the collateral assets were simply transferred to the lender who then has the freedom to either keep it or sell it in open market

4.0

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Aave is simply a decentralised cryptocurrency lending platform. It allows for the lending and borrowing of cryptocurrencies in a trust less manner. Decentralised lending and borrowing means there in no middle party involved and the financial security is provided through the implementation of smart contracts. The platform offers as much as 17 different assets for lending and borrowing which include DAI, USD Coin, Tether, Ethereum, Basic Attention Token and True USD

4.6

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Aave has a wealth of talent and experience under the banner of its team. The executive team of ETHLend project migrated to Aave after the former project was merged within it. Stani Kulechov is serving as the current CEO while Lazaro Gustavo is the COO

4.4

How things stand for Aave

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The origin of Aave started with ETHLend in 2017. Back then, it was a one of a kind project that has some very ambitious goals. ETHLend was built on top of the Ethereum network, and had a native ERC-20 token known as LEND. ETHLend held their ICO in November 2017 which gained considerable success. The ICO raised $16.2 million by selling almost 1 billion LEND tokens. Each token was priced at $0.0176. The release of the token was right in the middle of the crypto-bull run of 2017. Taking on the same trajectory, LEND soon reached an all-time-high of $0.44 in January 2018. However, soon after the crypto-markets crashed, and LEND started on its journey of downfall. It remained well below its ICO price for the most of 2018 and 2019. In January 2020, ETHLend was rebranded and relaunched as Aave. The upgrade of Aave also brought many new features on the application platform and also enhanced the technology stack of the application with more advanced protocols. Aave quickly rallied a community around it and its popularity sky-rocketed. In just a matter of months, Aave managed to surpass $1 billion in market capitalization.

3.6

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The team behind Aave is solely responsible for the development of the Aave protocol. After Aave relaunched in January 2020, it made its main protocol open source and non-custodial. The code developments can be monitored on their official Github repository.

4.3

Aave Pro/Contra

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Security The platform is secure and it also further safeguards the interests of the lenders.
Adoption The project has shown a high acceptance rate after its relaunch in January 2020.
Transactions per second Aave is a protocol. Therefore, its speed is not measured in TPS.
Transaction speed Although there is no official report for the transaction speed, but it is said that it can be compared with Ethereum based technologies.
Energy consumption It is not based on an energy-intensive model.
Decentralization Aave protocol supports complete decentralization.
Product availability The product was launched as a fully working platform in January 2020.
Exchange availability Aave is available in many renowned exchanges including Binance, Okex, Huobi and Gate IO.
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Transaction cost Aave protocol charges around 0.012 Aave coins as transaction cost
Privacy Transactions on the Aave protoocl are not anonymous

remove_red_eye Aave Market Review by Coinpaper

4.0

Aave Foresight

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The current market charts seems to be in favour of the Aave cryptocurrency. Each LEND token is valued at $0.663 but its popularity and the maturity of DeFi space will take it a leap ahead. Many analyst are of the opinion that it can grow to as much as $2.60 in a period of one year.

4.1

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The main project that Aave is working on is the Aave protocol, an Open Source and Non-Custodial protocol to earn interest on deposits and borrow assets.

3.4

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Aave is a pioneering technology in the DeFi space. With the recent hype being drawn by the DeFi, it is soon going to see a tremendous amount of growth and development. The potential that lies within the Aave cryptocurrency is tremendous and will not be fully utilised until the DeFi space becomes a norm.

4.2

Aave Business Case

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Aave is a sensation of the current DeFi setup. Other protocols which are scorching hot these days and provide similar solution for lending and borrowing financial services include MakerDAO, Compound, Torque and Fulcrum.

4.0

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Aave has merged the previous partnerships of ETHLend with its upgraded project. ETHLend managed to form some key partnerships that has boosted Aave a lot. The project does not only have key partnerships with companies providing FinTech services, it also has other Altcoin project like Tether and Kyber Network working with them. Renowned projects that Aave have partnered with include Veriff, SanBlock, SwissBorg and Enigma.

4.4

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Soon after its launch in January 2020, Aave became the talk of the town. Many crypto-enthusiasts and DeFi promoters showed interest in the technology. The community around Aave grew as a result. Currently, the community is very active on Reddit and Twitter, and have an official account on the publishing website Medium as well.

4.0

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The team of developers has 18 members ranging from a diverse background

4.2

compare_arrows Aave Exchanges

Aave Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Coinbase Pro AAVE/USD $ 367.3140 $ 6,320,796 check
# 2 Coinbase Pro AAVE/BTC $ 366.4665 $ 1,695,573 check
# 3 Kraken AAVE/USD $ 368.2600 $ 623,744 check
# 4 Coinbase Pro AAVE/EUR $ 367.4266 $ 531,058 check
# 5 Kraken AAVE/EUR $ 368.4664 $ 357,518 check
# 6 Coinbase Pro AAVE/GBP $ 367.8223 $ 239,134 check
# 7 Kraken AAVE/BTC $ 366.0467 $ 232,968 check
# 8 Kraken AAVE/ETH $ 366.2467 $ 90,219 check
# 9 Poloniex AAVE/BTC $ 366.6118 $ 47,069 check
# 10 Poloniex AAVE/USDT $ 367.5962 $ 24,830 check

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