Aave
AAVE
Decentralized non-custodial lending protocol
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.64% | 2.77% | 8.91% | 29.14% | 83.72% | 49.52% |
Revenue & Burn
Protocol income
$5.07MBuyback funds
$0Burn funds
--Buyback ratio
0.0%Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Sep 2026 | $5.07M | $0 | -- | 0.0% |
| Aug 2026 | $4.49M | $0 | -- | 0.0% |
| Jul 2026 | $3.93M | $0 | -- | 0.0% |
| Jun 2026 | $5.1M | $576.54K | -- | 11.3% |
| May 2026 | $6.67M | $135.36K | -- | 2.0% |
| Apr 2026 | $8.37M | $20.18K | -- | 0.2% |
Comparison
Team
Investment
Developer
Tokenomics
Unlock Progress
Data source: CoinGecko
On-chain Holding
| Holding Token | Price | Amount | Total Value |
|---|---|---|---|
| No Data | |||
Top Holders
| Address | Token | Quantity | 7d | Percentage | Value |
|---|---|---|---|---|---|
| Aave: Staked Aave (stkAAVE) (70f5) |   AAVE | 2,497,331.05 | 7,679.06+0.3% | 15.61% | $418.05M |
| 0xa700...f6c9 | AAVE | 820,870.02 | -3,714.81-0.46% | 5.13% | $137.41M |
| 0x494a...e945 | AAVE | 790,365.84 | -- | 4.94% | $132.3M |
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | BBybitCEX | AAVE/USDT | $183.01 | $270,630 | $305,807 | $70,959,235 | 18.68% |
| 2 | PPoloniexCEX | AAVE/USDT | $182.16 | $8,918 | $13,780 | $8,201,142 | 2.16% |
| 3 | BBingXCEX | AAVE/USDT | $182.87 | $518,817 | $403,699 | $8,004,270 | 2.11% |
| 4 | AAVE/USD | $182.6 | $286,863 | $431,710 | $6,411,664 | 1.69% | |
| 5 | OOKXCEX | AAVE/USDT | $182.54 | $229,554 | $329,749 | $4,325,118 | 1.14% |
| 6 | KKuCoinCEX | AAVE/USDT | $182.61 | $102,410 | $122,280 | $4,029,783 | 1.06% |
| 7 | AAVE/WETH | $183.26 | $260,977 | $260,193 | $3,437,652 | 0.90% | |
| 8 | UUpbitCEX | AAVE/KRW | $183.66 | $47,213 | $52,126 | $2,516,707 | 0.66% |
| 9 | BBitgetCEX | AAVE/USDT | $182.88 | $345,118 | $373,074 | $1,863,074 | 0.49% |
| 10 | AAVE/EUR | $182.62 | $85,669 | $79,009 | $1,773,594 | 0.47% |
Follow Updates
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People
About Aave
Aave is a decentralized, non-custodial lending protocol where users supply assets to earn interest or borrow against collateral. Its core business includes over-collateralized borrowing, flash loans (uncollateralized, repayable within one block), and the native stablecoin GHO, which is backed by deposited collateral and generates yield through Savings GHO (sGHO).
Aave's core narrative centers on its V4 upgrade (launched March 30, 2026), which introduces a "Hub and Spoke" architecture: a central liquidity hub aggregates assets across chains, while spokes operate independent markets with tailored risk parameters. This addresses the pain point of fragmented liquidity in DeFi lending, improving capital efficiency and enabling fixed-rate loans for institutional borrowers. GHO serves as the settlement layer, with 100% of borrow interest flowing to the DAO treasury.
In the past six months (March–September 2026), Aave launched V4 on Ethereum mainnet, expanded its institutional RWA lending platform Horizon (surpassing $1 billion in tokenized real-world asset deposits by February 2026), and saw GHO supply grow roughly 1,400% year-over-year to over $500 million. However, in April 2026, a third-party cross-chain bridge attack deposited approximately 116,500 unbacked rsETH tokens as collateral, creating bad debt—highlighting risks in shared liquidity pools. Additionally, the DAO paused AAVE buybacks in April 2026 following market events, and a March 2026 oracle pricing glitch triggered about $27 million in unjustified liquidations. These incidents underscore ongoing challenges around collateral integrity and systemic risk in shared-pool designs.
Aave's evolution reflects a series of strategic pivots with long-term significance. The deployment of V4 on Avalanche marked the first multi-chain implementation of the Hub & Spoke architecture, establishing a unified liquidity layer across networks. The adoption of Chainlink CCIP as the cross-chain standard for Stable Vaults laid the infrastructure foundation for secure interoperability. Within two days of launching on Monad, deposits surpassed $100 million, and total V4 deposits exceeded $250 million, demonstrating market validation of the new architecture. Founder Stani Kulechov's public criticism of EIP-8363 signaled Aave's commitment to protecting Ethereum's staking ecosystem, reinforcing its role as a governance stakeholder. The recruitment of Zapper's entire engineering team into Aave Pro represented a significant talent consolidation for institutional-grade product development. Strategic pruning of low-adoption assets and network deployments, affecting nearly $100 million in supplied assets, reflected a disciplined focus on high-value markets and securities financing. V4 deposits subsequently rose to $806 million, a 30% weekly increase, confirming the effectiveness of this high-conviction strategy.
Positive: Aave Will Win (AWW) passed overwhelmingly, routing all app-layer revenue to the DAO and making AAVE the sole core asset, targeting $1T; Aavenomics 3.0 introduced automatic buybacks, with ~$134M annualized protocol revenue flowing to token holders; V3.7 deployed on Monad with $15M incentives, adding 1,806 Ethereum wallets on June 30, TVL ~$12.2B; court approved transferring ~$71M ETH frozen from the KelpDAO attack to Aave, largely resolving bad debt.
Negative: The April KelpDAO exploit enabled ~$230M ETH borrowing, sparking bad-debt concerns and governance infighting, with AAVE falling >20% in a week; rumors of a discounted Kraken acquisition were denied by the founder.
Stani Kulechov is Aave founder and CEO.
Core executives: Peter Kerr (CFO), Nicole Butler (Chief Compliance Officer), Kolten B. (DeFi Marketing Director), Linda Jeng (Chief Legal & Policy Officer), Paris Rouzati (SVP Marketing), Emilio Frangella (VP Engineering), Luigi D'Onorio DeMeo (CSO & CBO), Justin D'Errico (Chief Backend Engineer).
Aave has recently welcomed several key team members. In March 2026, Linda Jeng joined as Chief Legal & Policy Officer, having previously served at the Federal Reserve and the Financial Stability Board, and founded Digital Self Labs. In April 2026, Luigi D'Onorio DeMeo joined as Chief Strategy and Business Officer, previously serving as COO at Ava Labs. In July 2026, Justin D'Errico and George Bennett joined as Principal Backend Engineer and Data, respectively. These changes indicate Aave is strengthening its legal, strategic, and technical capabilities to advance its lending protocol and RWA (Real-World Asset) strategy.