Aave (AAVE)
Total Value Locked$55.186b
TVL by Chain
Ethereum$26.65b
borrowed$21.81b
Plasma$2.495b
Arbitrum$1.23b
Base$845.48m
Avalanche$649.92m
staking$513.74m
BSC$252.56m
Polygon$224.74m
Linea$212.48m
OP Mainnet$96.83m
Gnosis$86.47m
Sonic$39.82m
Aptos$30.27m
Celo$18.02m
Scroll$14.45m
ZKsync Era$7.32m
Metis$3.68m
Soneium$3.15m
pool2$1.64m
Fantom$10,186
Harmony$0
Key Metrics
Fees (Annualized)$958.37m
Fees 30d$78.55m
Fees 7d$14.57m
Fees 24h$2.08m
Cumulative Fees$1.88b
Revenue (Annualized)$119.07m
Revenue 30d$9.76m
Revenue 7d$1.79m
Revenue 24h$255,962
Cumulative Revenue$283.57m
Holders Revenue (Annualized)$36.98m
Holders Revenue 30d$3.03m
Holders Revenue 7d$0
Holders Revenue 24h$0
Cumulative Holders Revenue$30.02m
Incentives (Annualized)$18.74m
Incentives 30d$1.54m
Incentives 7d$253,927
Incentives 24h$83,846
Cumulative Incentives$354.78m
Earnings (Annualized)$100.33m
Earnings 30d$8.22m
Earnings 7d$1.54m
Earnings 24h$172,116
Cumulative Earnings-$71.21m
Market Cap$2.888b
$AAVE Price$190.46
All Time High$661.69
All Time Low$26.02
Fully Diluted Valuation$3.048b
$AAVE Volume 24h$202.26m
CEX Volume$75.22m
DEX Volume$783.35m(387.3% of total)
Staked$513.74m(17.79% of mcap)
Borrowed$21.81b
Treasury$168.54m
Majors$14.61m
Stablecoins$53.63m
Own Tokens$85.78m
Others$14.51m
Total Raised$48.7m
Nov 30, 2017$16.2mRound: ICOSource: https://twitter.com/aaveaave/status/936247348816175104
Jul 8, 2020$4.5mRound: Private token saleInvestors: ParaFi CapitalSource: https://decrypt.co/34991/parafi-invests-defi-lending-protocol
Jul 15, 2020$3mRound: Private token saleInvestors: Framework Ventures, 3ACSource: https://www.dcforecasts.com/altcoin-news/aave-raises-3m-from-three-arrows-capital-and-framework-ventures/
Oct 12, 2020$25mRound: Strategic Investors: Blockchain Capital, Blockchain.com Ventures, Standard CryptoSource: https://decrypt.co/44653/aave-raises-25-million-to-bring-defi-to-institutions
Annual Operational Expenses$18.07m
Protocol Information
Aave is an Open Source and Non-Custodial protocol to earn interest on deposits and borrow assets
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees: Include borrow interest, flashloan fee, liquidation fee and penalty paid by borrowers.View code on GitHubRevenue: Amount of fees go to Aave treasury.View code on GitHubHolders Revenue:
Aave V2: View code on GitHubAave V3: Aave starts buy back AAVE tokens using Aave Treasury after 9th April 2025.View code on GitHub
Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Income Statement for Aave
| Q4 2025* | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fees | $197.65m | $259.25m | $122.11m | $179.56m | $170.61m | $95.7m | $101.53m | $75.65m | $45.27m | $29.2m | $18.47m | $20.26m | $18.98m | $45.43m | $56.01m | $80.71m | $162.08m | $111.03m | $77.58m | $12.39m | $150,381 |
| Revenue | $25.04m | $35.84m | $17.16m | $29.77m | $37.72m | $17.19m | $19.58m | $12.61m | $12.83m | $11.18m | $2.5m | $3.24m | $2.91m | $4.37m | $6.18m | $8.49m | $16.46m | $11.27m | $8.27m | $1.1m | $14,094 |
| Incentives | $4.64m | $17.64m | $17.07m | $12.34m | $18.77m | $9.44m | $6.56m | $5.82m | $6.55m | $3.26m | $3.34m | $3.77m | $4.76m | $4.31m | $14.51m | $23.75m | $58.12m | $67.47m | $57.02m | $14.59m | $1.05m |
| Earnings | $20.4m | $18.21m | $83,041 | $17.43m | $18.95m | $7.75m | $13.02m | $6.79m | $6.28m | $7.92m | -$843,005 | -$522,219 | -$1.85m | $59,078 | -$8.33m | -$15.26m | -$41.65m | -$56.2m | -$48.75m | -$13.49m | -$1.04m |
| Token Holder Net Income | $7.06m | $11.4m | $11.56m | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |