Skip to the guide
BTCETHMarket cap (coins we track)BTC dominance (coins we track)

What is Aave?

AAVE

Aave is a lending protocol where users supply crypto assets to earn interest or borrow against collateral.

The tokenAAVE is the governance token; it can be staked to backstop the protocol against shortfalls.

Supply and what is still to come

How many coins exist, how many can, who holds the part not yet circulating and what the schedule releases.

Circulating supply
16.00 million AAVE
Total supply
16.00 million AAVEin existence, locked or not
Maximum supply
None fixedno fixed maximum
Issued or unlocked
96.5%outside the project's own wallets, of the tokens not burned
Held in the project's disclosed wallets
3.5%563,583 AAVE
Burned
0.3124 AAVEsent to addresses that can never spend

A year in the market

Measured on the daily closes of our own US dollar price index.

Return, past year
−37.8%daily closes
Volatility, past year
84%annualised, daily log returns
Deepest fall from a peak, past year
−73.3%daily closes
Below its all-time high
−79.5%high of $628.75 on 18 May 2021
Correlation with bitcoin
0.69daily returns, past year; 1 is lockstep
Beta to bitcoin
1.31its usual move for a 1% move in bitcoin

Points to check

What our data shows that a holder should know. Each point is a measurement, not a rating.

  1. Price swings

    Its daily moves were 1.9x as large as bitcoin's over the past year (volatility 84% against 44%).

  2. Distance from the high

    It trades 80% below its all-time high daily close of $628.75 (18 May 2021).

Questions

What is Aave?

Aave is a lending protocol where users supply crypto assets to earn interest or borrow against collateral.

What is AAVE used for?

AAVE is the governance token; it can be staked to backstop the protocol against shortfalls.

Is Aave's supply capped?

No fixed maximum (no fixed maximum); the total supply today is 16.00 million AAVE.

Where is Aave traded?

On 11 of the 11 exchanges we read: 9 list spot pairs against the dollar or a dollar stablecoin and 11 list perpetual futures. The token finder lists every pair.

Supply from our own nodes or the project’s published figures, prices from our own indexes, listings from the exchanges’ own instrument lists. Last update 9 Nov 2026, 01:00 UTC.