Aave (AAVE) Market Capitalization Hits $2.34 Billion

Aave (AAVE) traded up 0.8% against the dollar during the 24-hour period ending at 18:00 PM ET on October 16th. Aave has a total market cap of $2.34 billion and approximately $181.68 million worth of Aave was traded on exchanges in the last day. Over the last week, Aave has traded 11.8% higher against the dollar. One Aave token can currently be purchased for about $156.68 or 0.00232077 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 8.1% against the dollar and now trades at $0.0494 or 0.00000073 BTC.
• P2P Solutions foundation (P2PS) traded 1.4% higher against the dollar and now trades at $169.21 or 0.00250633 BTC.

Aave Token Profile

Aave’s launch date was October 2nd, 2020. Aave’s total supply is 16,000,000 tokens and its circulating supply is 14,955,326 tokens. The Reddit community for Aave is https://reddit.com/r/aave_official and the currency’s Github account can be viewed here. Aave’s official Twitter account is @aave and its Facebook page is accessible here. The official website for Aave is aave.com. Aave’s official message board is medium.com/aave.

According to CryptoCompare, “AAVE is a decentralized finance protocol built on the Ethereum blockchain that enables users to borrow and lend digital assets in the form of flash loans, while also providing users with a yield-generating market to earn interest from their crypto holdings. AAVE is secured by a collateral model and features a token staking model, allowing users to stake their tokens to earn rewards. The protocol is designed to be permissionless, trustless, and secure, providing users with a secure and transparent way to access DeFi services. AAVE (AAVE) token was created by Stani Kulechov and the Aave team in 2017.”

Aave Token Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Aave directly using U.S. dollars. Investors seeking to trade Aave should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Aave using one of the aforementioned exchanges.

AAVE/USD price chart by TradingView