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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
$320.63
-4.48%
What is Aave Token (Polygon)?
Information
Blockchain
- Polygon
Info
- Website
- Source Code
- Community
- Discord
- Telegram
- Contract address
- Asset Type: ERC-20
Key Metrics
- Market Cap: $4.9B
- Fully Diluted Valluation: $5.1B
- FDV / MC: 1.1
- Ranking inside Exponential (excluding stables): #12
- Circulating Supply: 15,217,826
- Total Supply: 16,000,000
- Total Supply: 16,000,000
- Volume (24H): $584.2M
- 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
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