Aave Market Cap Tops $5.11 Billion (AAVE)

Aave (AAVE) traded down 4.2% against the U.S. dollar during the 24-hour period ending at 13:00 PM Eastern on January 5th. Over the last seven days, Aave has traded 2.9% higher against the U.S. dollar. One Aave token can currently be purchased for approximately $339.89 or 0.00348149 BTC on major cryptocurrency exchanges. Aave has a market cap of $5.11 billion and approximately $392.21 million worth of Aave was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

• 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 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% 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.
• SolvBTC (SOLVBTC) traded 0.2% lower against the dollar and now trades at $97,480.74 or 0.99848042 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.3% against the dollar and now trades at $96,731.58 or 0.99080690 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 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Aave Token Profile

Aave launched on October 2nd, 2020. Aave’s total supply is 16,000,000 tokens and its circulating supply is 15,040,238 tokens. Aave’s official website is aave.com. Aave’s official message board is medium.com/aave. 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.

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 possible to buy alternative cryptocurrencies such as Aave directly using U.S. dollars. Investors seeking to trade Aave should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Aave using one of the aforementioned exchanges.

AAVE/USD price chart by TradingView