Credit · Lending · AAVE
Aave is a multichain non-custodial lending protocol for supplying, borrowing, and earning interest. The Aave DAO governs parameters, listings, and emissions; Aave Labs is the primary development company.
Savings for Everyone: open-source non-custodial liquidity protocol.
Protocol TVL
Latest data
Users
Depositors
GHO supply APY
Market cap
Latest data
Coins under Aave
Member products
On-chain + off-chain aggregates across member coins
Protocol TVLDeFi Llama
$17.15B
Member mcap totalCoinGecko
$2.47B
Weighted 24h moveMcap-weighted
+3.2%
+$75.8M implied
Fees · 24hDeFi Llama
$1.1M
Revenue · 24hDeFi Llama
$140.0K
Top supply APY (GHO)On-chain
3.44%
Protocol TVL · 30ddefillama
Click a row for live on-chain + market data
| Symbol | Category | Price | 24h | Mkt cap | |
|---|---|---|---|---|---|
| AAVE | Token | $100.85 | +5.1% | $1.56B | |
| GHO | Stablecoin | $0.9984 | -0.1% | $697.9M | |
| stkAAVE | Token | $87.63 | -0.6% | $214.8M |
Showing 3 of 9 coins
Consistent cross-network snapshot · synced 13h ago
Price
Token market (secondary)
TVL by chain
Aave is an overcollateralised, pooled money market: lenders deposit assets into shared reserves and borrowers draw against collateral they have posted, with interest rates set algorithmically by pool utilisation rather than by a credit committee. Since Aave V3 shipped on 16 March 2022 the protocol has layered risk controls on top of that base: efficiency mode, isolation mode, and supply and borrow caps per asset. Aave V4 went live on Ethereum mainnet on 30 March 2026 with a hub-and-spoke design in which a Liquidity Hub holds assets centrally and Spokes connect to it with their own collateral types, risk parameters and liquidation rules, deployed initially as three hubs (Core, Plus, Prime) and eleven spokes. Loans are perpetual with no fixed maturity; positions are liquidated by third-party liquidators when the health factor breaches its threshold, and Aave states it has liquidated more than $4.4B safely with zero bad debt across six-plus years of uninterrupted operation. Users span retail leverage, market-neutral basis traders, treasuries, and, through Horizon, institutions borrowing stablecoins against permissioned tokenised RWA collateral.
