The current price of AAVE is $149.44, with an increase of 8.84% from the previous price. The market capitalization of AAVE is approximately $2.06 billion.
*Details of AAVE Price:*
- *Current Price*: $149.44
- *Change in 24 Hours*: +8.84%
- *Market Capitalization*: $2.06 billion
- *Currency*: USD
- *Exchange*: Binance
The AAVE project is a decentralized finance (DeFi) protocol that allows users to deposit and borrow cryptocurrencies. The project is hosted on the Ethereum network. AAVE is a lending platform created in 2017 by Stani Kulechov, and it was rebranded to AAVE in September 2018 ¹.
*Uses of AAVE:*
- *Deposit*: Users can deposit cryptocurrencies on the AAVE platform to earn interest.
- *Borrowing*: Users can borrow cryptocurrencies from the AAVE platform after depositing collateral.
- *Generating Passive Income*: Users can generate passive income by depositing cryptocurrencies on the AAVE platform ¹.
