Projects listed: 276 |
BTC Dominance: 51.12% | Volume (24h): $42,578,317,585 | Market Cap: $2,607,083,184,934
AAVE
AAVE
$92.86
Sector
Lending
Exchange Debut
2020-10-03
Market Cap
1,381,590,070
Maxim Supply
16,000,000
Circulating Supply
14,877,637
Circ. Supply(%)
92.99%
AAVE
AAVE
Price
$92.86
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
133029613
96.856088737699
85.981536887468
Change 24h
Change 7d
Change 30d
3.4226
-5.6301
0.9393
Maxim supply
Circulating supply
Circulating supply(%)
16,000,000
14,877,637
92.99%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the AAVE cryptocurrency:
In the rapidly growing world of decentralized finance, Aave has carved a unique niche for itself. As a protocol that facilitates lending and borrowing of crypto assets, Aave has developed a robust ecosystem around its offerings. From its roots as ETHLend to its rebranding as Aave, the platform has shown consistent growth and development. This comprehensive fundamental analysis of the AAVE cryptocurrency reveals its potential as an investment asset. Aave, named after the Finnish word for “ghost,” is well-reputed in the crypto market, with an overall rating of 8.53 out of 10 based on the thorough analysis conducted.
SOCIAL & MASS MEDIA: Score 7.1 out of 10
Aave’s social and media presence is notably strong, as is expected from a well-structured project in the crypto landscape. The project’s ability to attract followers on social media pages is excellent, scoring a perfect 10. However, the activities of social media administrators and community activity on social media pages could do with some improvement, having scored 5 and 2 out of 10, respectively. Aave’s media presence, on the other hand, is highly impressive, with a score of 9.5. The size of its communities on chat groups is also above average, garnering a score of 6.5.
AUDIT & SECURITY: Score 8.85 out of 10
In a domain where security and trust are paramount, Aave performs very well. The protocol has had its share of audits and has scored an impressive 9 in this regard. Transparency of information available to the public is commendable, with a score of 8. The liquidity on exchanges is also high, suggesting that Aave tokens are actively traded, yielding a score of 9.
TOKENOMICS: Score 8.77 out of 10
Aave’s token economy is robust and well-structured. The project’s inflationary aspect and annual inflation rate have been well-managed, earning a 9.3 out of 10. The distribution of the token’s monetary mass could be slightly less centralized, as per the score of 8, to reduce potential risks associated with centralization.
ECOSYSTEM DEVELOPMENT: Score 8.08 out of 10
Aave’s ecosystem development is impressive, with the protocol consistently achieving its objectives, scoring a 9. The project is also forward-looking, planning to bring new developments and features, earning another 9. The continued development of the ecosystem contributes positively to the fundamental analysis of the AAVE cryptocurrency.
TEAM & DEVELOPERS: Score 8.4 out of 10
The team behind Aave is highly experienced, with a score of 9 out of 10. However, the number of software developers could be increased for more efficient progress and further expansion, which currently holds a score of 6.
PRODUCT & UTILITY: Score 9.22 out of 10
The utility of the Aave product and the tokens in the ecosystem is outstanding, scoring 9.5 and 8.8 respectively. This showcases how integral Aave is to its users and the broader DeFi ecosystem.
PARTNERS & INVESTORS: Score 9.65 out of 10
Aave has managed to attract numerous high-profile partners and investors, which has significantly contributed to its overall success and reliability. The number and capacity of investors score 9.5, while the number and quality of partners score 9.8. These high scores underscore the strength of Aave’s connections in the crypto industry.
Fundamental analysis of the AAVE cryptocurrency – The final conclusion
Based fundamental analysis of the AAVE cryptocurrency, this project seems to be a strong and promising player in the decentralized finance (DeFi) space. Its overall score of 8.53 out of 10 underlines its robustness and successful management in various aspects, particularly in the areas of Product & Utility and Partners & Investors, where it scored over 9. This suggests that Aave has not only built a highly useful product that is integral to its users and the broader DeFi ecosystem, but it has also managed to attract a number of high-profile partners and investors.
The project’s reputation and reliability are further reflected in the high scores in Audit & Security and Tokenomics, which imply that Aave is a secure and transparent protocol with a well-structured token economy. The AAVE token is actively traded, and its inflationary aspects are well-managed.
The robustness of Aave’s ecosystem is evidenced by its high Ecosystem Development score, suggesting consistent achievement of objectives and forward-looking planning. The team and developers’ experience level is also highly rated, although a suggestion for improvement is an increase in the number of software developers to support further progress and expansion.
Despite some room for improvement in terms of social media engagement and community activities, the strong media presence of Aave ensures its visibility in the crypto landscape.
In conclusion, Aave emerges as a mature, reliable, and promising DeFi platform based on this analysis. The project’s established position and potential for future growth make it an interesting consideration for those looking to engage in the DeFi space. However, as with any investment, potential investors should also consider their own risk tolerance and investment objectives, and perhaps seek advice from financial advisors before making a decision.
What is AVVE ?
Decoding Aave (AAVE): An Insight into Infinity Cryptocurrency
Launched under the moniker ETHLend in November 2017, Aave is a pioneering decentralized finance (DeFi) platform, rebranded in September 2018, that has democratized the landscape of lending and borrowing cryptocurrencies. Born out of Stani Kulechov’s frustration with the paucity of lending applications on Ethereum, Aave – meaning ‘ghost’ in Finnish, emerged as a trailblazer in the DeFi arena.
Kulechov, a versatile entrepreneur with a background in law and programming, nurtured Aave to serve a broader array of services than mere Ether lending, thus shaping the future trajectory of DeFi. The primary audience of Aave comprises individuals who are already well-versed with the crypto ecosystem.
Differentiating Features of Aave: A Fundamental Analysis
In a congested marketplace, Aave carves a unique niche for itself. During the DeFi boom in 2020, it was among the top projects with the highest value of crypto confined in its protocol. The platform supports around 20 cryptocurrencies, providing users with an extensive choice of digital assets.
Aave’s cornerstone product, “flash loans”, earned it the reputation of being the first to offer uncollateralized loans in DeFi, albeit with the provision that loans must be repaid within the same transaction. An additional selling point is its dual-rate system, offering borrowers the flexibility to switch between fixed and variable interest rates based on market conditions.
The AAVE token, apart from providing platform fee discounts, also serves as a governance token, allowing holders to influence the platform’s future development. Thus, Aave continues to redefine the contours of the Infinity Cryptocurrency, asserting its mark in the dynamic world of DeFi.
- Latest analysis update: July 1, 2023
AAVE - AAVE performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
