Aave Token (Polygon)

AAVE

AAVE is the governance and utility token of the Aave protocol. It is used as a mitigation tool to insure the protocol in case of deficits.

Risk Rating

Average

$141.20

-2.85%

Summary

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Information

Blockchain

Polygon

Info

Key Metrics

Market Cap: $2.1B
Fully Diluted Valluation: $2.3B
FDV / MC: 1.1
Ranking inside Exponential (excluding stables): #13
Circulating Supply: 14,931,323
Total Supply: 16,000,000
Total Supply: 16,000,000
Volume (24H): $387.1M
ATH: $661.69 (05/18/2021)
ATL: $26.02 (11/05/2020)

Risk Assessment

Average

Asset Strength

AAVE is a mid-cap asset that represents the blockchain`s native currency or monetary fee used to execute transactions on the network. This asset is exposed to the underlying risks of Aave V3 and Polygon PoS bridge, which are protocols both rated as Watch out.

Dependencies

Aave V3

Polygon PoS Bridge

Asset Tokenomics

AAVE has a fixed supply. AAVE is the governance token of the Aave protocol, and also serves to secure the protocol by backstopping liquidity crises in the system in compensation for additional staking yield.

Things to know about AAVE