Aave was developed on the Ethereum Blockchain to be a decentralized, open-source, and non-custodial money market system. In this Aave crypto review, we will talk in detail about everything related to Aave. So, without further ado, let’s start!
In a safe and open environment, users may earn interest on deposits, lend and borrow assets, and transact business without any hidden fees or costs. Lending and borrowing may be accomplished with ease on the platform, which supports a variety of stablecoins, Cryptocurrencies, and tokenized assets.
What is Aave Crypto?
Aave is a decentralized Cryptocurrency money market protocol where users may deposit, lend, and borrow a wide range of Cryptocurrencies and stablecoins. Smart contracts are the backbone of the platform’s operation, making for a simplified and trustworthy setting in which to conduct financial dealings. Through the use of smart contracts, Aave can automate monetary transfer, collateral management, and fee calculation processes. As a result, the system may be made more streamlined and effective.
Aave is available on the Bitget Exchange.
Coin-Labs has signed a business partner agreement with Bitget Exchange in 2021. Therefore, if you sign up for the Bitget Exchange through Coin-Labs, you can participate in several events with highest commission level and bonuses of up to 4,163 USDT.
Who created Aave Coin?
Stani Kulechov, a law student at the University of Helsinki, founded Aave in 2017. Under his leadership, Aave has become one of the most successful decentralized finance (DeFi) platforms in the market. His interest in Ethereum sparked while he was studying law, and he saw the potential it had to revolutionize the traditional banking system.
As the founder and CEO of Aave, Stani has created a non-custodial liquidity market protocol that allows users to earn interest on their deposits and borrow assets.
Where is Aave located?
Aave is based in London, England.
Is Aave a Good Investment?
Investing in Aave is considered a high-risk investment as the Cryptocurrency market is highly volatile. Although, if you want to have a voice in the decisions that are made about the online lending platform, it may be worthwhile to invest in the Aave token so that you may participate in the governance process. The majority of price forecasts indicate that there will be an increase in the value of its token, but not everyone is optimistic about AAVE.
Aave Price Prediction (2025-2030)
Aave’s price prediction for the years 2025 to 2030 is shown below:
| Year | Minimum Price | Average Price | Maximum Price |
| 2025 | $260.14 | $267.21 | $295.17 |
| 2026 | $386.33 | $399.69 | $446.15 |
| 2027 | $560.73 | $580.71 | $670.75 |
| 2028 | $828.77 | $851.99 | $988.42 |
| 2029 | $1,183.24 | $1,225.84 | $1,448.45 |
| 2030 | $1,664.14 | $1,713.18 | $2,032.31 |
How to Buy Aave
1. Join the Bitget exchange
Create a Bitget exchange account by giving personal information and verifying your email address.
2. Verify Identity
Verify your identity by supplying the appropriate documentation as specified by the Bitget exchange. This step is critical if you want to trade on the site.
3. Add Funds
In order to buy Aave, you must first fill out your Bitget exchange account. This may be accomplished by a bank transfer, credit card/debit card, or Cryptocurrency deposit.
4. Find Aave (AAVE)
Once your account has been financed, go to the platform’s “Markets” area, search for “AAVE,” and choose it.
5. Purchase Aave (AAVE)
You may now purchase Aave (AAVE) with money from your Bitget exchange account. Place a limit or market order for the required quantity of AAVE. After you confirm the transaction, you will get Aave (AAVE) tokens.
How to Stake Aave Coin?
You may increase the value of your AAVE holdings in several ways, such as by lending them out to custodial providers or via decentralized lending protocols, providing liquidity on the Aave protocol, or staking your tokens on the platform.
To stake your tokens, make sure that your AAVE tokens are already on your Ledger, and then proceed with the processes that are listed below.
Step 1: The first thing you need to do is go to the Aave Staking Dashboard.
Step 2: Under the heading ‘Stake AAVE,’ choose the option labelled “Stake,” enter the amount of AAVE that you want to wager, and then click the “Approve AAVE to continue” button to finalize the transaction in your wallet.
Step 3: Once the transaction has been reviewed and accepted, go to your wallet and choose the ‘Staked’ button.
We suggest that you use a Ledger Hardware Wallet so that you may have complete control over your cash at all times.
Bottom Line
Aave is a promising platform in the DeFi space that offers a secure and transparent environment for lending and borrowing digital assets. Its unique features, such as flash loans and stablecoin loans, set it apart from other platforms in the market.
However, as with any investment, it’s important to do your research and understand the risks involved before investing in Aave.
Aave FAQs
Is Aave Safe?
Thanks to its foundation in the Ethereum Blockchain, which is decentralized and hence inherently safe, Aave provides a trusted environment for the lending and borrowing of digital assets. The platform uses industry-standard security measures, such as encrypted data transmission and multi-signature authentication, to protect its users’ funds and personal information. The fact that the platform is not custodial means that users have permanent access to their funds and poses less of a security concern.
Lenders and borrowers who use the Aave network may rest certain that their data is safe since the Aave protocol is always being reviewed and updated to meet or exceed industry standards. Collateral is used to secure loans, and borrowers are often required to put up some kind of security before receiving funds from a lender.Aave vs. Lido DAO
Both Aave and Lido DAO are platforms for decentralized financial exchange that run on the Ethereum Blockchain. Aave is a protocol for a decentralized money market that offers services for lending and borrowing, while Lido DAO is a decentralized autonomous organization (DAO) that offers services for yield farming and liquidity.
Aave vs. Maker
Aave and Maker are both decentralized finance platforms that operate on the Ethereum Blockchain. However, Aave is a money market protocol that provides lending and borrowing services, while Maker is a decentralized stablecoin platform that offers a stablecoin called DAI.
Where can I buy Aave Crypto?
Aave can be purchased on several Cryptocurrency exchanges. Some of these exchanges include Binance, Bitfinex, and Kraken, to mention a few. Aave may be purchased using a variety of fiat currencies such as US dollars and Euros, as well as other Cryptocurrencies like Bitcoin. Because of its versatility, it is now simpler for people to acquire Aave and begin taking part in decentralized financial systems.
How to Mine Aave
Aave is not a mineable Cryptocurrency because it functions as a protocol for a decentralized money market on the Ethereum Blockchain.
We Coin-Labs.com provides only objective information about Aave.
Therefore, we are not responsible for the investment decision in Aave and the resulting loss.
Aave Basics
Here are some factors that investors should consider before investing in Aave.
| Cryptocurrency Features | Aave (AAVE) |
|---|---|
| Publisher or Developers | Stani Kulechov |
| Headquarters (Registration Number) | UK |
| Symbol | AAVE |
| Platform | ETH |
| Published Date (CMC Registration) | 2024-11-01 |
| Max Supply | No limit |
Reliability Score of Aave in 2024
These are indexes mesuring the investment reliability of Aave conducted by Coin-Labs.com.
| Investment Reliability Rating Items | Scores and Current Status |
|---|---|
| Company Activation Rate | / 10.0 CAR |
| Communication Rate | / 10.0 CR |
| Technology Transparency Rate | / 10.0 TTR |
| Development Participation Rate | / 10.0 DPR |
| Listing Status on the World's Top 10 Exchanges | Listed on 9 Exchanges |
| Number of Available Pairs Worldwide | 967 Pairs |
| Market Cap of the Cryptocurrency | 1,295,594,048 USD (Rank #54) |
The table above shows the result of investment suitability evaluation for Aave.
Check out how we evaluate cryptocurrencies on the crypto rating description page.
Aave Price
Here are the price and recent trading volume of Aave. (Data of 2024-11-02 00:37:00)
| Price Items | Price and Trading Volume of Aave |
|---|---|
| Aave Price | 143.519 USD |
| Price Change 24h | -1.99% |
| Price Change 7d | -3.58% |
| Trading Volume 24h | 158,310,686 USD |
| Trading Volume Change 24h | 4.97% |
Cryptocurrency Metadata
You can check the development status and social media information of Aave through the links in the table below.
| Metadata Source | URL |
|---|---|
| 🌎 Official Website | https://aave.com/ |
| 📖 White Paper | https://github.com/aave/aave-protocol/blob/master/docs/Aave_Protocol_Whitepaper_v1_0.pdf |
| 🛰️ Source Code (GitHub) | https://github.com/aave |
| https://twitter.com/aave | |
| https://reddit.com/r/Aave_Official | |
| 🎺 Message Board | https://medium.com/aave |
Where to Buy Aave
Here are the top ten world crypto exchanges where traders can buy Aave in 2024.
| Top10 Exchanges | Listed Status | Page URL |
|---|---|---|
| Binance | Listed | https://www.binance.com/en/trade/AAVE_BTC?theme=dark&type=spot |
| Coinbase | Listed | https://pro.coinbase.com/trade/AAVE-USD |
| Kraken | Listed | https://trade.kraken.com/charts/KRAKEN:AAVE-AUD |
| KuCoin | Listed | https://www.kucoin.com/ko/trade/AAVE-USDT |
| Bitfinex | Listed | https://trading.bitfinex.com/t/AAVE:USD |
| OKX | Not listed | |
| Huobi | Listed | https://www.huobi.com/en-us/exchange/aave_btc |
| Bitstamp | Listed | https://www.bitstamp.net/markets/aave/usd/ |
| Bybit | Not listed | |
| Gate.io | Listed | https://www.gate.io/trade/AAVE_USDT |
Frequently Asked Questions
What is the current price of Aave?
Aave price today is 143.519 USD. Furthermore, the price of Aave has fluctuated by -1.99% from 24 hours ago, and by -3.58% from a week ago.
Where is Aave listed?
Currently, it is listed on a total of 9 among the world top 10 exchanges.
What is the market cap of Aave now?
Currently, Aave has a market cap of 1,295,594,048 USD, which is ranking 54 among cryptocurrencies worldwide.
How much is the trade volume of Aave?
Currently, 14,971,651 AAVE coins are circulating through 967 market pairs. As a result, in the last 24 hours, 158,310,686 USD of AAVE coins were traded in the market.
