Crypto Rank | Name | Current Price | 24h Price Change | Total Supply | Circulating Supply | |
---|---|---|---|---|---|---|
48 |
AAVE
![]() | $ 172.91 | + 1.75% | 16 000 000 | 15 104 715 | AI Insight |
Aave is a decentralized money market protocol where users can lend and borrow cryptocurrency across 20 different assets as collateral. The protocol has a native token called AAVE, which is also a governance token that lets the community decide the direction of the protocol in a collective manner. 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.