Aave Surpasses $2B in Total Liquidity

Aave Surpasses $2B in Total Liquidity

By Abhimanyu Krishnan | News | 17 Dec 2020


Decentralized lending protocol Aave (AAVE) has crossed $2 billion in total liquidity, the team announced on Dec. 17.

  • Aave’s current liquidity is roughly $2.02 billion, rising approximately 8% in the last 24 hours
  • The AAVE token has been of the handful of DeFi tokens that has surged in the past few weeks, reaching an ATH of $94.68 on Dec. 7 
  • AAVE, along with BNT and SNX, was listed on Coinbase Pro on Dec. 15, which resulted in a price rally
  • The MakerDAO governance community is also voting on AAVE to be supported as collateral for generating DAI
  • AAVE has hit multiple milestones in 2020, including upgrading its tokenomics model and transitioning to AAVE V2, and releasing features like credit delegation

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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