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 open-source protocol built on top of the Ethereum blockchain using smart contracts and allows users to lend and borrow a wide range of cryptocurrencies, including Stablecoins. Smart contracts are the backbone of the Aave making it a trustworthy platform for conducting financial transactions. Thanks to Ethereum smart contracts, Aave is able to automate money transfers, manage collateral funds, calculate transaction fees, and more.
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?
Although Switzerland-based crypto enthusiast Stani Kulechov built Aave, its headquarters is in London, England, United Kingdom. But Being a decentralized entity, the team behind the project does not reveal the exact address of Aave’s headquarters.
Is Aave a Good Investment?
Investing in any cryptocurrency, including Aave, is considered high-risk because of high volatility. However, based on platform use cases and popularity as a leading lending platform, investing in the Aave token may be worthwhile. By doing so, you can also become a part of Aave governance and vote for the platform’s future changes.
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.
We Coin-Labs 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) | 2020-10-02 |
| Max Supply | 16,000,000 AAVE |
Reliability Score of Aave in 2023
These are indexes mesuring the investment reliability of Aave conducted by Coin-Labs.
| Investment Reliability Rating Items | Scores and Current Status |
|---|---|
| Company Activation Rate | 5.7 / 10.0 CAR |
| Communication Rate | 7.8 / 10.0 CR |
| Technology Transparency Rate | 8.1 / 10.0 TTR |
| Development Participation Rate | 8.3 / 10.0 DPR |
| Listing Status on the World's Top 10 Exchanges | Listed on 10 Exchanges |
| Number of Available Pairs Worldwide | 536 Pairs |
| Market Cap of the Cryptocurrency | 1,335,502,962,602 KRW (Rank #52) |
The table above shows the result of investment suitability evaluation for Aave.
More descriptions about the rating items can be found here.
Aave Price
Here are the price and recent trading volume of Aave. (Data of 2023-03-30 14:32:30)
| Price Items | Price and Trading Volume of Aave |
|---|---|
| Aave Price | 94,762.273 KRW |
| Price Change 24h | 1.66% |
| Price Change 7d | -3.25% |
| Trading Volume 24h | 78,518,464,123 KRW |
| Trading Volume Change 24h | 13.55% |
Cryptocurrency Metadata
You can check the development status and social media information of Aave through the links in the table below.
| Metadata Source | URL |
|---|---|
| π Official Website | https://aave.com/ |
| π White Paper | https://github.com/aave/aave-protocol/blob/master/docs/Aave_Protocol_Whitepaper_v1_0.pdf |
| π°οΈ Source Code (GitHub) | https://github.com/aave |
| π¦ Twitter | https://twitter.com/AaveAave |
| π€ Reddit | https://reddit.com/r/Aave_Official |
| πΊ Message Board | https://medium.com/aave |
Where to Buy Aave
Here are the top ten world crypto exchanges where traders can buy Aave in 2023.
| 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 | Listed | https://www.okx.com/trade-spot/aave-usdt |
| Huobi | Listed | https://www.huobi.com/en-us/exchange/aave_btc |
| Bitstamp | Listed | https://www.bitstamp.net/markets/aave/usd/ |
| Bybit | Listed | https://www.bybit.com/en-US/trade/spot/AAVE/USDT |
| Gate.io | Listed | https://www.gate.io/trade/AAVE_USDT |
Frequently Asked Questions
What is the current price of Aave?
Aave price today is 94,762.273 KRW. Furthermore, the price of Aave has fluctuated by 1.66% from 24 hours ago, and by -3.25% from a week ago.
Where is Aave listed?
Currently, it is listed on a total of 10 among the world top 10 exchanges.
What is the market cap of Aave now?
Currently, Aave has a market cap of 1,335,502,962,602 KRW, which is ranking 52 among cryptocurrencies worldwide.
How much is the trade volume of Aave?
Currently, 14,093,193 AAVE coins are circulating through 536 market pairs. As a result, in the last 24 hours, 78,518,464,123 KRW of AAVE coins were traded in the market.
