$AAVE -how this coin make you 🫵 Rich 🤑
Functionality:
Aave allows users to lend and borrow various cryptocurrencies through smart contracts, facilitating overcollateralized loans to ensure lender security.
Decentralized Nature:
It operates as a decentralized platform, connecting lenders and borrowers through liquidity pools without the need for a central authority.
AAVE Token:
The native token, AAVE, plays a crucial role in governance and staking within the protocol, enabling users to earn interest and participate in decision-making processes.
Market Data:
As shown in the image, AAVE has a market cap of $4.57B and a 24-hour trading volume of $482.52M, with its price at $300.93 and a 6.76% increase.