Aave (AAVE) Market Capitalization Achieves $1.27 Billion

Aave (AAVE) traded 3.8% lower against the US dollar during the 1-day period ending at 7:00 AM Eastern on February 12th. One Aave token can currently be purchased for about $86.03 or 0.00179586 BTC on major exchanges. Over the last week, Aave has traded up 1.2% against the US dollar. Aave has a market capitalization of $1.27 billion and $91.12 million worth of Aave was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed over the last day:

  • KILT Protocol (KILT) traded down 0.6% against the dollar and now trades at $0.33 or 0.00000688 BTC.
  • 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 down 2.2% 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.
  • Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
  • Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
  • Lego Coin (LEGO) traded 0% lower against the dollar and now trades at $0.0101 or 0.00000021 BTC.
  • Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
  • Lumi Credits (LUMI) traded up 0.2% against the dollar and now trades at $0.0091 or 0.00000019 BTC.
  • AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Aave Token Profile

Aave’s launch date was October 2nd, 2020. Aave’s total supply is 16,000,000 tokens and its circulating supply is 14,731,979 tokens. 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 message board is medium.com/aave. The official website for Aave is aave.com. 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 currently possible to purchase alternative cryptocurrencies such as Aave directly using US dollars. Investors seeking to acquire Aave should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Aave using one of the aforementioned exchanges.

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