Company OverviewAave
wasfounded in 2017 by Aave Companies (formerly Aave Limited), a software technology company led by Stani Kulechov. The company is registered in London, UK, and has other operations in Georgetown, Cayman Islands, reflecting its presence in the global DeFi space.
Products &
ServicesAave is a decentralized, non-custodial liquidity protocol that allows users to participate as providers or borrowers. Its main products and services include:
lending market, where users can deposit crypto assets into the protocol and earn interest as liquidity providers (LPs); At the same time, borrowers can pledge assets to borrow other assets.
aToken system: Whenever a user deposits an asset, the protocol will issue corresponding aTokens (such as aETH, aDAI, etc.) to represent the user's share in the protocol and can be used to earn interest.
Stablecoin GHO: Aave has launched GHO, a decentralized stablecoin that uses an overcollateralized mechanism to provide a stable value-anchored asset to the DeFi ecosystem.
Flash Loans: Users can borrow any amount of assets in a transaction without collateral, which is suitable for arbitrage, refinancing and other scenarios.
Multi-chain deployment: Aave supports multiple blockchains such as Ethereum, Polygon, Avalanche, Arbitrum, and more, expanding the reach of its ecosystem.
Governance mechanism: Aave adopts decentralized governance, and AAVE token holders can participate in the decision-making and upgrading of the protocol.
Technical
ArchitectureAave's technical architecture is based on the Ethereum blockchain and uses the following key components:
AMM model: users trade through liquidity pools instead of the traditional order book method.
Smart contracts: All products and services are implemented through smart contracts, ensuring decentralization and automation.
BentoBox Architecture: BentoBox is Aave's pool architecture that allows multiple DeFi applications to share liquidity and improve funding efficiency.
Cross-chain support: In addition to Ethereum, Aave has also expanded to other blockchains, such as Polygon, Avalanche, and others, enhancing the scalability and interoperability of the protocol.
Market PerformanceAs
of May 2025, the market performance of Aave's native token, AAVE, is as follows:
Current Price: Approximately $215.86
Market Cap: Approximately $3,262,748,101 USD
Circulating Supply: Approximately 15,114,975
All Time High: Approximately $661.69
SummaryAs
one of the leading protocols in the DeFi space, Aave provides users with convenient crypto asset lending services through its innovative lending mechanism and decentralized governance. Its diverse products and services, as well as its deployment on multiple blockchains, have given it a significant presence in the DeFi market. However, users should still be aware of the potential impact of smart contract risks and market volatility when participating.
