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Aave AAVE |
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$351.23 |
-1.76% (24h) |
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Marketcap |
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$5,285,908,774 |
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Volume 24h |
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$779,918,709 |
Description
Aave (AAVE) is a decentralized finance (DeFi) protocol that allows users to lend and borrow cryptocurrencies in a secure and trustless manner. Launched in 2020, Aave offers a wide range of financial products, including flash loans, which are loans that do not require collateral and must be repaid within the same transaction. AAVE, the platform's native token, is used for governance, staking, and fee discounts. Aave has become one of the leading DeFi platforms, providing users with access to decentralized financial services without intermediaries.