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According to DeFi Pulse, Aave has a net worth of $1.44 billion as of press time, a slight increase of $1.42 billion from Maker. The rear front runner has slipped to fifth place behind Yearn and Curve for the compound in the previous position. Aave started in 2017 as ETHLend after accumulating $16.2 million in Evident Coin Offering (ICO) to create a platform for decentralized lending.
In January 2018, the price of AAVE was ₹12.50 and volume of ₹1.41124774e9 with market cap of ₹1.27237764e10
In December 2018, the price of AAVE was 21.93 and volume of ₹ 1.6982348e9 with market cap of ₹7.0703656e10
In January 2019, the price of AAVE Token was less than that of December 2018 i.e. ₹0.5118 and volume of ₹10849097.2 with market cap of ₹577677045
In December 2019, the price of AAVE token was ₹0.7312 and volume of ₹15471605.4 with market cap of ₹93863288
In January 2020, the price of AAVE coin was ₹1.06 and volume of ₹15468900.1 with market cap of ₹170155123
In August 2020, the price of AAVE coin was increase suddenly and raise to ₹55.2022 and volume of ₹1.48840456e10 with increase in market cap also of ₹7.2205366e10
Aave goal is to fill the gap left by centralized fintech industry giants such as Pechle, Skrill and Conbase.
Awake has a wealth of talent and experience in his team.
The compound does not have USDT as a usable asset, but Aave has a wide range of tokens on offer.
Over the past few months, Aven has introduced some of the most notable features currently found in DFI, such as flash loans and interest rate switching.