What Is Aave (AAVE)?

Aave is a decentralized finance protocol that allows people to lend and borrow crypto.

Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.

Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!)

AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.

66B USD borrowed from AAVe protocol on Ethereum.

182K borrow transactions recorded from first day.

234B USD deposited to AAVe protocol on Ethereum.

344K deposit transactions recorded from first day.

In May 8B USD Borrowed from Aave this was most amount of borrow amount in Aave historry while in December Aave has most deposit amount with 33.8B USD this month has most deposit volume.

USDC has most borrow amount with 27B and also had 42% ratio while WETH has most deposit amount with 92B.

Aave has 30K stake transactions and worth of these transactions is 1.179B and about 7.3M ETH staked in it while Aave has 14.13K unstake transactions and worth of these transactions is 1.42B and about 5.73M ETH unstaked in it.

most daily volume of unstaking was on 28 February with 213K ETH and most daily deposit volume was on 3 October 2020 with about 700K.