Notice: Chart prices and volume are based on interval-sampled API data.
The displayed high and low values may slightly differ from the actual extremes.
The live price of Bitcoin is NT$-.- per (BTC / TWD) with a current market cap of NT$-.-. 24-hour trading volume is NT$-.-. BTC to TWD price is updated in real-time. Bitcoin is -.-% in the last 24 hours with a circulating supply of -.-.
Aave V3 Expansion and GHO Adoption Drive Bullish Momentum
Aave (AAVE) continues to dominate the decentralized finance (DeFi) landscape today, exhibiting incredibly strong price action and renewed investor enthusiasm. As the leading decentralized lending and borrowing protocol, Aave market performance is often viewed as a bellwether for the broader DeFi sector. Recently, the AAVE token has broken past significant technical resistance zones, accompanied by a sharp increase in daily trading volume. This bullish momentum is underpinned by a consistently growing Total Value Locked (TVL) and impressive protocol revenue generation, which has recently reached new multi-month highs.
A primary driver of this current market optimism is the continuous evolution of the protocol, particularly the widespread adoption of Aave V3 and the expanding utility of its native decentralized stablecoin, GHO. Aave V3 enhanced risk management features and capital efficiency have attracted substantial institutional liquidity, solidifying its reputation as the safest lending market in crypto. Furthermore, the active deployment of Aave across multiple prominent Layer-2 scaling solutions has drastically reduced user transaction fees, sparking a massive wave of retail participation and active borrower metrics.
Market sentiment for AAVE remains exceptionally positive as the community debates new governance proposals aimed at value accrual, including potential fee switches and tokenomic overhauls. As the global macroeconomic environment hints at shifting interest rates, Aave algorithmic money markets are perfectly positioned to capitalize on changing capital demands. With a flawless security track record and relentless innovation, Aave continues to solidify its status as a cornerstone asset in any serious DeFi portfolio.
Notice: For information only. Not financial advice. Do not rely on this for trading.
Originally issued by Aave (formerly ETHLend, founded by Stani Kulechov). Protocol control and roadmap development have now been transferred to the Aave DAO (Decentralized Autonomous Organization), with core development continuously contributed by entities like Avara (formerly Aave Companies).
2. Issuance Plan Description
Aave aims to build an open-source decentralized liquidity protocol, enabling code-based deposit yields and collateralized lending via smart contracts. The AAVE token serves as the protocol's governance and security hub, granting holders voting rights on protocol parameters and acting as a final line of defense against extreme risks.
3. Issuance Quantity, Price, and Other Subscription Conditions
Aave's predecessor, LEND, conducted an ICO in 2017 and migrated seamlessly to the AAVE token in 2020 at a ratio of 100 LEND : 1 AAVE. (Current Status: AAVE is listed on major Tier 1 centralized exchanges like Binance, Coinbase, OKX, Kraken, as well as decentralized exchanges like Uniswap；Sources: CoinGecko, CoinMarketCap; retrieved on July 20, 2026)
5. Related Plan Information
The Aave ecosystem has also developed the native decentralized stablecoin GHO and the decentralized social graph protocol Lens Protocol, launched by the founding team Avara.
6. Rights and Obligations
Holding AAVE allows participation in Aave DAO's on-chain governance, voting on proposals (AIPs) for new assets, risk parameter adjustments, and protocol upgrades. Additionally, users can stake AAVE in the Safety Module (stkAAVE) to earn protocol rewards, but bear the potential liquidation risk if the protocol incurs bad debt.
7. Technology Used
Developed on Ethereum (ERC-20) and compatible EVM virtual machines. The protocol is currently upgraded to V4 and successfully deployed across multiple Layer 1 and Layer 2 networks (e.g., Avalanche, Polygon, Arbitrum).
8. Risk Disclosure
Smart Contract Risk: Despite audits by top security firms (e.g., Trail of Bits, OpenZeppelin), unknown underlying code vulnerabilities cannot be 100% eliminated.
Bad Debt and Liquidation Risk: If collateral values plummet instantaneously during extreme market volatility and liquidators cannot execute in time, the protocol will incur bad debt.
Safety Module Slashing and Issuance Risk: Stakers bear the risk of up to 30% of their funds being slashed/auctioned to cover protocol bad debt. If slashing 30% is insufficient, the protocol will initiate a "Recovery Issuance Event", minting and selling new AAVE tokens to the market, causing a severe dilution effect on the secondary market price.
9. Consensus Mechanism
No native mainnet; relies on underlying public chains (e.g., Ethereum's PoS consensus mechanism).
10. Other Relevant Information
The Aave protocol generates over a hundred million dollars in substantial fee revenue annually (e.g., borrowing interests and liquidation fees in 2025). Recently, governance proposals have been discussing redirecting profits back to the DAO treasury and initiating a "Fee Switch" mechanism to empower the AAVE token.
