Aave Price (AAVE)

Aave was originally called EthLEND and launched in 2017 with the LEND token. But in 2018, they decided to rebrand to Aave, which means "ghost" in Finnish. Probably because Aave lets you smoothly move in and out of different blockchain environments, just like a ghost!

AAVE isn't just another crypto for payments—it’s the governance token for the Aave network. Holders stake their AAVE to have a say in key network decisions. This includes choosing which DeFi protocols to keep or add to Aave's ecosystem, giving users the power to shape the future of DeFi strategies. It's all about decentralization and control!

Aave was founded by Stani Kulechov in 2017, back when he was still a law student in Helsinki. He built the company with a vision of revolutionizing finance, leading to the creation of Aave, a Switzerland-based network that focuses on decentralized lending and borrowing services in the DeFi space.

The maximum supply of AAVE tokens is capped at 16 million. As of now, there are approximately 13,915,774 AAVE tokens in circulation. This limited supply makes AAVE an interesting asset in the DeFi ecosystem.

Aave stands out in the DeFi space due to its non-custodial nature, which ensures that users maintain control over their digital assets. Its AMM Market, launched in 2021, allows liquidity providers to earn APY incentives by dedicating liquidity to active pools. Aave’s growth isn’t just limited to Ethereum; it’s expanded to Polygon and Avalanche, further enhancing its reach. Moreover, Aave is innovating in emerging areas like blockchain gaming and decentralized digital payment systems, positioning itself as a key player in multiple decentralized industries.

AAVE can be easily purchased directly from EXMON using a debit or credit card. It is also available for trading with other cryptocurrencies on the EXMON exchange. The live AAVE price is updated in real-time on EXMON, providing up-to-date information for users. For a more detailed guide on purchasing AAVE, you can check out our comprehensive How to Buy Aave (AAVE) guide on EXMON.