Aave AAVE

What AAVE actually is on-chain

Aave is an ERC-20 deployed on Ethereum, at contract address 0x7fc66500c84a76ad7e9c93437bfc5ac33e2ddae9. That address, not the ticker AAVE, is what uniquely identifies this asset: anyone can deploy a second token calling itself AAVE, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, AAVE is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in AAVE itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For AAVE the project publishes a whitepaper, a public source repository and an active account as @aave. Both a written specification and readable code exist, which is a materially higher bar than most assets in this size range clear. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where AAVE sits in the market

At #59, Aave sits in the bottom of the large-cap band, adjacent to the mid-cap cut-off. Down here the large-cap label is doing less work than it appears to. AAVE is one revision away from the mid-cap band, and the practical consequences of crossing that line — index eligibility, market-maker commitments, how much size the book absorbs — change well before the ranking does.

CryptoPingAi is currently streaming 9 live AAVE order books (Binance, Bybit, OKX, Bitget, Gate.io, MEXC…). That is wider coverage than most assets ranked near #59 carry, so a divergence on any one of them is far more likely to be a local liquidity event than a genuine repricing. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

AAVE against its all-time high

AAVE is 80.8% off its $661.69 high (on 2021-05-18). At this depth the arithmetic turns against a recovery narrative: getting back to the record takes 5.22x, not a rebound. The high is better read as the marker of a completed cycle than as a target — most of the holders above spot are underwater by enough that their behaviour on the way up is supply, not demand. It was set 5 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

AAVE across its historical range

The recorded range runs 25.4x, from $26.02 to $661.69 — wide by the standards of traditional assets, moderate for this one's class.

AAVE trades roughly 4.87x above its record low of $26.02 (on 2020-11-05). Recovery from the bottom has been limited, which means the low is still close enough to function as a real reference level rather than a historical footnote.

AAVE supply structure

Of a capped 16.0 million AAVE, 15.2 million is circulating — 94.9% issued, with 820,088 still to be created. The remaining issuance is small enough that emission is a second-order influence on price, but the schedule still matters for anyone modelling multi-year supply.

What kind of asset AAVE is

Aave is a DeFi protocol token, which ties it to total value locked and to the interest-rate environment on-chain. These assets carry a beta to the market plus a second exposure that is easy to miss: protocol risk. A contract exploit or an oracle failure repriced instantly and independently of any market move, and that tail is a real component of holding the token.

CoinGecko files AAVE under 10 categories, including Stablecoin Issuer, Huobi ECO Chain Ecosystem, Avalanche Ecosystem, Solana Ecosystem, BNB Chain Ecosystem. CoinGecko also records deployments on Avalanche (256 tracked tokens), Solana (3,129 tracked tokens), BNB Chain (2,027 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading.

How to set a Aave alert that is worth receiving

Aave is the ERC-20 at 0x7fc6…dae9 on Ethereum — quoted on 9 venues we stream — high dated 2021-05-18 — rank #59. On this profile the condition that carries signal is a two-sided price threshold beyond the recent band plus a 4-hour or daily RSI condition.

Full alert-design method: thresholds, RSI/MACD and volume conditions →