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Aave price today is $60.21 USD, which is Up by 0.22% over the last 24 hours. There has been an hourly Dip by -0.39%. Aave's market cap currently sits at $836,955,603.07 USD, holding up for a market cap rank at #51. The volume were at $129,271,690.21 USD Aave ranks no 51 in the market capitalization of Aave is at $836,955,603.07 and its volume for 24 hours is $129,271,690.21. Aave are under circulation, with total supply of 16M and the Maximum supply of 16M.
Aave is one of the leading Defi cryptocurrencies. It is an emerging decentralized protocol and one of the most significant Defi coins by its market cap. The concept of Aave is unique. Aave is a decentralized system that allows users to earn interest on their crypto assets without any middleman. Users can borrow and lend crypto and take an interest through it. If you have a crypto holding, then you can provide liquidity at Aave protocol and earn more. Aave is built on Ethereum(ETH) blockchain. It is a native token governance token of the Aave protocol.
Aave is a Switzerland-based foundation that Stani Kulechov founded in 2017. Kulechov started Aave while he was a law student. Aave, previously known as ETHLend, was renamed AAVE in 2018. ETHLend is a subsidiary of Aave.
In 2017, the foundation raised $16.2 million via ICO(Initial Coin offering). At that time, 1 billion units sold AAVE crypto, which was known as LAND before.AAVE foundation still has 300 million tokens for its team.
AAVE has many other products such as a trading desk, game studio, games, and system.
How Does Aave work?
Aave is based on an Ethereum(ETH) P2P system, which has some new user functionalities. If you want to use Aave, the deposit is a must in the liquidity pools. Borrowers will use these funds. If they borrow funds from the liquidity pool, the user has to lock some funds, and the locked amount should be more significant than the withdrawal amount.
Note: the value of the collateral is based on USD. If collateral falls from the required collateralization threshold, the system notifies automatically up for liquidation. In this case, others have the chance to buy these funds at a discount rate. This strategy keeps the liquidity pool secure and optimistic.
What makes AAVE Unique?
AAVE is the base of its software, and it allows user voting to change policies and rules. The AAVE team is working on how to use tokens to manage the system. Currently, Aave uses its revenues from the fees to buy AAVE and cryptocurrency from the crypto circulation. Almost more than 80% of the fee revenue is used to burn AAVE to reduce its supply to keep the price stable.
Why use AAVE?
From July 2020, the AAVE system is the most famous and leading Ethereum based decentralized system. It has earned $158 million till today. Therefore, AAVE is a chance to make some interest by providing liquidity.
How many AAVE tokens are in circulation?
AAVE comes under the top 30 cryptocurrencies list. Additionally, it ranks at number #24 globally with a 12.79(12,794,288.41 ) million token supply out of the total supply of 16.00 (16,000,000.00)million tokens. The AAVA market cap is 5.22($ 5,223,107,801) billion.
How to buy the AAVE?
AAVE is available on every exchange to buy from the top in a very safe and secure way. Therefore, we are listing down some top exchange names where you can buy AAVE. You can also store AAVE in any ERC-20 wallet.
The current Aave price is $60.21. In the last 24 hours, Aave price has gone up by 0.22%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future Aave price prediction.
Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired Aave at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.
By exchanging AAVE against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, Aave can be earned or received in various ways. AAVE considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the AAVE, including AAVE to PHP, AAVE to INR, AAVE to NGN, AAVE to THB, AAVE to CAD, AAVE to PKR, AAVE to IDR , AAVE to EUR , AAVE to AUD , AAVE to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.
There are many altcoins in the market, and investors need to clear out how altcoin differs from Aave and what it can offer by comparing all altcoins with Aave(AAVE). Some are RocketX exchange vs Aave, Basis Cash vs Aave, Truegame vs Aave, Soy Finance vs Aave, Rbicycle vs Aave, Dapp Token vs Aave, Verve vs Aave, Alpha Pad vs Aave, GombShare vs Aave, NOVA vs Aave.
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