Aave Ethereum AAVE

1. Summary

Ranks

Liquidity

-

Developer

-

Social

11

Momentum (beta)

0

Stack Rank™

-

Price

$0.000000000000 0.0%

Market Cap

$ (#31535)

Supply

/

Tags

Ethereum Ecosystem

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Price
All Time High (ATH) Date	14th Dec 2024 (5 months ago)
All Time Low (ATL) Date	14th Dec 2024 (5 months ago)

Supply & Trading Volume

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Description

AAVE Token on the Ethereum Network

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AAVE Token on the Ethereum Network

AAVE is the native token of Aave, an open-source, decentralized lending and borrowing protocol that operates on multiple blockchain networks.

Aave allows users to supply liquidity to the market and earn interest on their assets, borrow assets in an overcollateralized manner, or engage in flash loans that do not require collateralization. The platform uses non-custodial and decentralized governance models, ensuring security and user control.

The Aave V3 update, specifically on the Ethereum network, focused on enhancing user risk mitigation and improving capital efficiency by leveraging correlated assets such as stablecoins and liquid staking derivatives. This has enabled higher borrowing power for users staking assets like wstETH (wrapped staked ether) and staking it on the Ethereum blockchain for rewards.

Additionally, the upgrade aimed to optimize gas costs by 20%-25%, reducing transaction fees paid to validators on the Ethereum network.

Aave's V3 protocol operates across several blockchain networks, including Ethereum, Polygon, and more, and introduces features such as the "Portal," which allows seamless cross-chain liquidity flow across multiple markets.

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