Explore the unique features of Aave, a cryptocurrency with a market capitalization of 3 489 113 766,18, a 24-hour trading volume of 501 256 573,60, and a circulating supply of 15 162 112. Ranked #30 on CoinMarketCap, this crypto has seen price changes of -0.09% over 1 hour, -2.40% over 24 hours, and -17.28% over 7 days.
Aave is a decentralized money market protocol where users can lend and borrow cryptocurrency across 20 different assets as collateral. The protocol has a native token called AAVE, which is also a governance token that lets the community decide the direction of the protocol in a collective manner. Lenders can earn interest by providing liquidity to the market, while borrowers can borrow by collateralizing their cryptoassets to take out loans from the liquidity pools.
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