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Aave (AAVE) price today

Aave is the largest lending protocol in decentralized finance; AAVE is the token used for governance and to backstop the system.

Written and reviewed by the Cripto View editorial team

Aave price now

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Market data source: CoinGecko, with a reference USD/BRL rate. Values can lag by a few minutes.

What is Aave?

The project began in 2017 under the name ETHLend, founded by Stani Kulechov, and was relaunched as Aave. The AAVE token in its current form has existed since 2020.

The protocol lets users deposit crypto assets to earn interest and borrow against other assets as collateral, all through smart contracts and with no credit check.

How Aave works

Deposits form liquidity pools. Borrowers must keep collateral worth more than the debt; if its value falls below a threshold, the position is liquidated. Interest rates vary with supply and demand for each asset.

AAVE holders vote on protocol changes and can lock tokens in a safety module, which serves as a reserve to cover potential shortfalls in exchange for rewards. The protocol also issues the GHO stablecoin.

What AAVE is used for

  • Voting on governance proposals.
  • Staking in the protocol's safety module.
  • Exposure to the growth of decentralized credit.

Risks and points of attention

  • Bugs in smart contracts or price oracles can create uncovered debt.
  • Staked tokens can be used to cover protocol losses.
  • Using the protocol to borrow involves the risk of collateral liquidation.
  • Regulatory risk around decentralized lending.

Key facts

SymbolAAVE
Asset typeToken
Launch2020
NetworkToken on Ethereum; protocol on several networks
Maximum supply16 million AAVE

Reference data checked on October 3, 2026 against CoinGecko and the project's official pages.

Frequently asked questions about Aave

Is holding AAVE the same as lending on Aave?

No. AAVE is the governance token. To earn interest you must deposit assets in the protocol, which carries its own risks.

How does Aave lend without a credit check?

By requiring collateral worth more than the loan. If the collateral loses value, it is liquidated automatically to repay the debt.

What is the maximum supply of AAVE?

16 million tokens.

Where does the Aave price on this page come from?

The panel shows the AAVE price in US dollars and Brazilian reais, with change, volume and market capitalization. Data comes from CoinGecko, uses a reference exchange rate and can lag by a few minutes.