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Aave

AAVE#45 by market cap

Not covered. The criterion it missed: no roadmap or documentation page linked from the homepage.

Hot: etf or institution
#1of 13 stablecoin issuersthe typical one is worth $77.15M#46of all coins by sizeworth $1.95B today4%of the supply still to come572.28K coins can still reach the market252.24Kpeople keep it on a watchliston CoinGecko, a measure of attention

Aave is for lending and borrowing. We have not written its record yet, so its promises are not checked. It trades at $126.72, #46 of all coins by size, 81% below its highest ever price.

This week in the news: ETF or institution.

A real job, real backing. No dated promises on its pages. Nothing dated ahead. Biggest of 13 stablecoin issuers. Nothing to be careful of on the record.

Is it real?

3 of 4tests passeda real job, real backing, something ahead, room to grow
1named backersBlockchain Capital
5 yearson the marketsince 5 November 2020
252.24Kpeople watch iton CoinGecko lists
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3 of 4

  • ✓A real-world jobReal-world purpose: lending and borrowing
  • ✓Real backingBacking: backed by Blockchain Capital; in the GMCI Index; trades on Coinbase, Crypto.com, Kraken
  • ✓Something aheadAhead: news this month about partnership, tokenization, upgrade
  • –Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.

Backed by Blockchain Capital

  • Origin5 November 2020about about 5 yearsFrom Finland (Wikidata)app.aave.com/?referral=93, GitHub, Whitepaper, Wikipedia
  • DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
  • BackingBlockchain CapitalInvestor tags from CoinGeckoIndex: GMCI Index, Coinbase 50 IndexListed on Coinbase, Crypto.com, Kraken, Bitstamp
  • Standing on the recordNo recordNo dated promise to judge yet55 headlines last month, 1 about government252,240 people keep it on a CoinGecko watchlistNo corrections needed so far

Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.

Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.

Does it deliver?

No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.

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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it

What is next, and when?

Nothing dated has been found on its pages, so there is no date to wait for yet.

How big is it next to its rivals?

#1of 13 stablecoin issuersthe typical one is worth $77.15M
$1.95Bworth todayprice × coins out
$77.15Mthe typical rival is worthStablecoin Issuer
$1.82Bthe next biggest is worthWorld Liberty Financial
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world

Lending and borrowing

39 coins tagged Lending/Borrowing Protocols, worth $4.84B together. #1 of 39 by worth.

Stablecoin Issuer: this coin against its direct competitors

  • CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
  • Aave$1.95Bthis coin+0.2%96% outno record
  • World Liberty Financial$1.82B1.1× smaller, −$131.7M+0.2%, gap +0.032% outno record
  • Sky$1.47B1.3× smaller, −$484.87M−0.3%, gap −0.4100% outno record
  • Ethena$1.42B1.4× smaller, −$535.28M−1.0%, gap −1.267% outno record
  • Curve DAO$543.04M3.6× smaller, −$1.41B−0.5%, gap −0.651% outnone dated
  • Telcoin$156.32M12.5× smaller, −$1.8B−0.1%, gap −0.399% out0 of 1 delivered
  • USD.AI$81.97M23.8× smaller, −$1.87B−2.1%, gap −2.320% out0 of 1 delivered
  • Unitas$72.34M27.0× smaller, −$1.88B−3.8%, gap −4.022% outno record
Same job, different how

Stablecoin Issuer: this coin next to World Liberty Financial, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.

Aave says
Aave is a decentralized money market protocol where users can lend and borrow cryptocurrency across 20 different assets as collateral.
World Liberty Financial says
.

Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.

What it is

Aave is a decentralized money market protocol where users can lend and borrow cryptocurrency across 20 different assets as collateral. The protocol has a native token called AAVE, which is also a governance token that lets the community decide the direction of the protocol in a collective manner.

Problem it says it solves: lending and borrowing. 39 coins are working on it and together they are worth $4,841,364,013. This coin is 40% of that.

Where it trades: Coinbase, Crypto.com, Kraken, Bitstamp, Binance

Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.

Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.

What should make me careful?

Nothing printed today

None of the six tests fails. A missed promise counts only on a record a person has checked.

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The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.

The homework: the coin itself, the news, the record

The coin itself

$126.72price of one+0.2% today
81%below its highest ever$662 on 18 May 2021
96%of the supply is out15.43M coins
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The last 7 days

7 days ago: $130.97now: $126.72 (−3.4%)

Where today sits against its highest ever price

$126.72

Highest ever: $661.69 on 18 May 2021. Today is 19% of that.

96%

of all AAVE that will ever exist is already out in public hands: 15.43M coins.

4% (572.28K coins) is already created but not in public hands, held by the project or locked in escrow. That is a small share. Those coins can be sold later, which can push the price down.

out held back. Each dot is 1%.

A vote, nothing more by itself

Holders vote on how the project runs. The coin does not pay for anything on its own.

  • A vote on how the project is run
$126.72price of one
×
15.43Mcoins out
=
$1.95Bworth today, #46 of all coins

That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.

Basics
  • 96%of the maximum supply is in circulation: 15.43M of 16M.
  • 572.28Kcoins still to be released, 4% of the maximum. Releases can add selling pressure.
  • 19%of its all-time high of $661.69 on 18 May 2021. That is −80.8% from the top.
  • #46by market cap, $1,953,005,908.
  • Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.

Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.

Real use, in dollars
  • $18.39B is locked in it right now

From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.

What the news says

55headlines, last monththat name this coin
1about governmentregulation, courts, central banks
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Headlines per day, last 30 days

55 headlines named this coin in the last month.

What they were about

  • Price17
  • Upgrade5
  • Whales3
  • Treasury2
  • Hack2
  • Tokenization2
  • Regulation1
  • Partnership1
In the news
What people are talking about, last month:

55 headlines in the last month.

Headlines are the publishers' own. News is never placed next to price.

The record itself

Not covered. The criterion it missed: no roadmap or documentation page linked from the homepage.

Pages savednot yetno roadmap page found
Promisesnone yetno record drafted
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy