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Home AAVE Price
Day Week Month Year
You pay
You get
1 EUR = 0.003789 AAVE
+1.34%
The live price of AAVE is € 240.18 per (AAVE / EUR) with a current market cap of € 3,613,212,783.70 EUR. 24- hour trading volume is € 433,858,529.57 EUR. AAVE to EUR price is updated in real-time. AAVE is +1.34% in the last 24 hours with a circulating supply of 15,173,774.87.
AAVE Price History EUR
Date Comparison
Today
€ 240.18
+1.34%
30 Days
€ 234.98
+2.17%
60 Days
€ 155.24
+35.37%
90 Days
€ 139.21
+42.04%
About AAVE (AAVE)
Aave is a decentralized finance (DeFi) protocol that allows users to lend and borrow a wide variety of cryptocurrencies without the need for a centralized intermediary. Launched in 2020, Aave has quickly become a cornerstone of the DeFi ecosystem, offering innovative financial products, including flash loans, instant loans that do not require collateral if repaid within the same transaction. 
 
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People Also Ask: Other Questions About AAVE

Buying AAVE, a popular decentralized finance (DeFi) token, is similar to purchasing other cryptocurrencies. Here’s a quick guide on how to buy AAVE:

  1. Choose an AAVE Wallet
    Before purchasing AAVE, you'll need a secure place to store it. AAVE wallets come in various forms:

    • Hardware Wallets: Physical devices that store your cryptocurrency offline (e.g., Ledger, Trezor). These are the most secure.
    • Software Wallets: Applications that can be installed on your phone or computer (e.g., MetaMask, Trust Wallet).
    • Web Wallets: Online wallets provided by third parties (e.g., Coinbase Wallet, Binance Wallet). Choose a wallet based on your preference for security and convenience.

  2. Register and Verify Your Account on Venlynx
    To purchase AAVE, you need to register on a platform that supports AAVE, like Venlynx. Here's how:

    • Click the "Register" button on the platform's homepage.
    • Fill in the registration form with your username, password, first name, and last name.
    • After submitting, you'll receive a confirmation email. Follow the link in the email to verify your email address.
    • Log in to the platform after verification.
    • Complete the identity verification process to unlock all platform features.

  3. Buy AAVE
    Once your account is verified, you can proceed to purchase AAVE:

    • Go to the conversion section, select the "Buy" option, and enter the amount of AAVE you wish to purchase.
    • Provide the address of your AAVE wallet where you want the funds to be sent.
    • Select a payment method from the available options.
    • Confirm your purchase and make the payment using the chosen method.
    • After the payment is confirmed, Venlynx will process the transaction and send AAVE to your specified wallet.

  4. Secure Your AAVE Wallet

    • Regularly back up your wallet to prevent loss.
    • Enable two-factor authentication (2FA) for an additional layer of security.
    • If storing large amounts of AAVE, consider using a hardware wallet for maximum security.

The total supply of AAVE is capped at 16 million tokens, a limit established to ensure scarcity and support the value of the token. Currently, there are approximately 14.5 million AAVE tokens in circulation. The majority of the AAVE supply has already been distributed.

AAVE tokens were initially distributed through a token swap, where holders of the original LEND token could exchange them for AAVE at a rate of 100 LEND to 1 AAVE. This process transitioned the platform from its original LEND token to the AAVE token, which powers the Aave protocol.

Unlike Bitcoin, AAVE is not mined. Instead, AAVE tokens are used within the Aave protocol primarily for governance, allowing holders to vote on key decisions regarding the platform. Additionally, AAVE can be staked in the protocol to provide security and earn rewards. The capped supply and utility within the Aave ecosystem contribute to AAVE's value and scarcity.

AAVE does not utilize mining in the same way that Bitcoin does. Instead, AAVE operates within the framework of a decentralized finance (DeFi) protocol. Here’s a detailed explanation of how the AAVE protocol functions and how new AAVE tokens are utilized:

  1. Verification of Transactions
    Within the Aave protocol, transactions and interactions are verified through smart contracts on the Ethereum blockchain (or other supported blockchains). These smart contracts handle lending and borrowing activities, including interest rate calculations and collateral management.

  2. Formation of a New Protocol Upgrade
    Rather than forming new blocks like in Bitcoin mining, AAVE token holders participate in the governance of the Aave protocol. This includes voting on proposed upgrades, changes, and new features. This process ensures that the protocol evolves according to the community’s needs and preferences.

  3. Governance and Staking
    AAVE tokens are primarily used for governance and staking. Token holders can stake AAVE to secure the protocol and participate in governance decisions. Staking AAVE also allows users to earn rewards and incentives, aligning their interests with the health and growth of the Aave ecosystem.

  4. Receiving Rewards
    Instead of receiving block rewards like Bitcoin miners, AAVE token holders earn rewards through staking and participating in governance. These rewards are typically in the form of additional AAVE tokens or other incentives provided by the protocol.

  5. Protocol Security
    The security of the Aave protocol is maintained through its decentralized nature and the use of smart contracts. Staking AAVE tokens helps secure the protocol by providing a financial incentive for participants to act in the best interest of the network. This mechanism ensures that the protocol remains robust and resilient against potential attacks or vulnerabilities.

The all-time high and all-time low prices of AAVE represent key moments in its market history:

All-Time High
AAVE reached its all-time high price in September 2021, when it peaked at approximately $666.86. This record was achieved during a period of significant growth in the DeFi space, driven by increased adoption of decentralized finance platforms and a surge in demand for AAVE's governance and staking features.

All-Time Low
AAVE's all-time low price was recorded in November 2020, shortly after its rebranding from the LEND token to AAVE. At this time, AAVE was priced around $26.02. This low point occurred during the early phase of its transition and broader market adjustments, reflecting the initial volatility and the evolving nature of the DeFi ecosystem.

These price points highlight the substantial growth and volatility experienced by AAVE as it established itself as a major player in the decentralized finance sector.

Storing AAVE securely is important due to its value and the need to protect your assets from theft or loss. Here’s a guide on how to store AAVE:
 

1. Choose the Right Wallet

There are several types of wallets you can use to store AAVE, each offering different levels of security and convenience:

- Hardware Wallets: These are physical devices that store your private keys offline, making them highly secure against online threats. Examples include Ledger and Trezor. Hardware wallets are ideal for holding significant amounts of AAVE and for long-term storage.

- Software Wallets: These are applications that you can install on your computer or smartphone. They are more convenient for frequent transactions but can be vulnerable to online threats. Examples include MetaMask and Trust Wallet. Software wallets are suitable for holding smaller amounts or for more frequent access.

- Web Wallets: Also known as online wallets, these are hosted by third parties and accessible via the internet. While they are convenient for trading and accessing your assets, they are less secure since the third party controls the keys. Examples include wallets provided by exchanges like Coinbase or Binance.

- Paper Wallets: For AAVE, paper wallets involve printing out your private and public keys and storing them in a secure location. This method is a form of cold storage and is immune to online attacks, but it can be lost or damaged.

2. Backup Your Wallet
 
Back up your wallet to protect against computer failures and loss. For software wallets, this typically involves writing down a recovery phrase (12-24 words) generated by your wallet. Store this recovery phrase securely in a location separate from where you keep your wallet.

3. Use Strong Security Measures

- Encrypt Your Wallet: Use a strong password to encrypt your wallet, protecting your assets from unauthorized access.

- Use Two-Factor Authentication (2FA): Enable 2FA on any service that supports it to add an additional layer of security.

- Keep Software Updated: Regularly update your wallet software to protect against security vulnerabilities and bugs.
 
4. Consider Your Needs
 
- For Daily Use: Store smaller amounts of AAVE in a more accessible wallet, such as a software wallet or a web wallet, for ease of access.

- For Savings: Store the majority of your AAVE in a more secure environment, like a hardware wallet or another form of cold storage, to ensure long-term protection.

5. Secure Your Environment

- Physical Security: If using paper or hardware wallets, consider safe storage options like a safe deposit box or a personal safe to protect against physical theft or damage.

- Cybersecurity: Ensure your computer and any device handling cryptocurrencies are protected with up-to-date antivirus software and are free from malware.
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