Coin of the Week  – Aave

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  • March 25, 2022
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25 March 2022.

Aave’s price is currently trading at today is $170.38, Aave price is up 7.6% in the last 24 hours, making it our coin of the week!

What is Aave?

Aave was previously known as ETHLend when it was founded in November 2017 by Stani Kulechov and has successfully raised $16.2 million through an ICO round. ETHLend was then rebranded to Aave in September 2018.

Its native token, Aave (AAVE), was launched in October 2020 as one of Aave’s initiatives to become self-governed. Following the token’s launch, a 1:100 token migration must be made from the old token.

At the moment, Aave has integrated, partnered, and collaborated with 30 companies, notably Curve, 1inch, and Synthetix.

Fun fact: Aave is a Finnish word translated to “ghost” in English, which illustrates the protocol’s goal to be transparent and an open infrastructure in DeFi.


Aave can be purchased from cryptocurrency exchanges such as KuCoin or Huobi


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