Total Marketcap: $ 111,111,111
Change 24h: 22,222,222,222
Volume 24h: 3,333,333
Bitcoin dominance: 44 %
Crypto Info, Price, Review and Analysis
coinpaper.io
Aave - AAVE logo high resolution

Aave (AAVE)

Lending Platform

Aave Price 1 Year
$ 134.5487
-63.65 %
Market Cap: $ 58 M

5 Years

1 Year

3 Months

30 Days

7 Days

24 Hours

Aave Explained

Introduction to Aave

Coinpaper Score Logo

4.0

What problem does Aave solve?

Name: Aave

Symbol: AAVE

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

What is Aave

Coinpaper Score Logo

4.6

What does the cryptocurrency Aave actually do?

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

Who is behind Aave

Coinpaper Score Logo

4.3

What team is working to make Aave successful?

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

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

Aave Development

Aave Code Progress Analysis

Coinpaper Score Logo

4.3

How did much the Aave developers work on their coin over the last year?

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.

Aave Community

Aave Public Interest

Coinpaper Score Logo

3.9

How many people did search on Google for Aave indicates how many new people first heard from Aave

Search Engine: Google.com

Region: Worldwide

Searchterm: Aave

Peak Popularity: 1. February 2021

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.

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.

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.

Google Trends is a tool that shows how many people search for a specific search keyword worldwide compared to its peak. The more people search for Aave on google, the higher the Google Trends curve rises. The Google Trends search data is based on the search keyword Aave Aave had its peak interrest 1 ago. At that time, more people searched for Aave than anytime this year. The interrest of newcomers for Aave seems to be falling, which is awful!

Aave Sentiment Analysis

Coinpaper Score Logo

3.6

How positive/negative are people on different crypto-related subreddits talking about Aave

Based on: Reddit.com

Positive/Negative Posts Ratio: 75:1

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.

Sentiment Analysis uses Machine Learning to analyze whether a post on reddit is written with joy or anger. The more excited people are about a project, the more positive posts there are on reddit. If a project behaves scammy, negative posts dominate. A good indicator is the positive-to-negative post ratio. For every 75 positive post about Aave, there are 1 negative posts, which is a superb ratio. A recent post mentioning Aave with a lot of positive feedback was posted in r/CryptoCurrency by u/SpaceFaceMistake: Ember Fund Nuggets & 2021 Year In Review

Aave Enthusiasts Analysis

Coinpaper Score Logo

4.0

How did the community of enthusiasts that follow Aave closely develop over the last year?

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.

Aave Price Analysis

Aave Price Overview

Coinpaper Score Logo

4.2

Key price metrics such as All-Time-High (ATH) and Market-Cap of Aave

Rank: 51

Price: $ 134.5487

Volume (24h): $ 58 M

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.

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.

Aave had its all-time-high (ATH) at 18. May 2021 at a price of $ 666.0293. Today, Aave is traded for $ 134.5487, which is a -79.8 % drop from the previous ATH. If you had bought Aave 1 year ago, you would have made a loss of 63.65 %. Going even more back, if you had bought Aave 5 Years ago (or at the first possible chance), you would have made a gain of 163.1 %.