Aave (AAVE)
Total Value Locked$42.792b
TVL by Chain
Ethereum$37.079b
Arbitrum$1.288b
Linea$1.249b
Base$1.094b
Avalanche$1.046b
Polygon$311.25m
BSC$297.18m
OP Mainnet$165.22m
Gnosis$101.8m
Sonic$100.55m
Scroll$23.6m
Celo$12.46m
ZKsync Era$10.46m
Metis$8.79m
Soneium$3.37m
Aptos$1.32m
Fantom$26,430
Harmony$0
Key Metrics
Fees (Annualized)$1.168b
Fees 30d$95.76m
Fees 7d$24.35m
Fees 24h$3.63m
Cumulative Fees$1.64b
Revenue (Annualized)$161.54m
Revenue 30d$13.24m
Revenue 7d$3.28m
Revenue 24h$482,209
Cumulative Revenue$250.85m
Holders Revenue (Annualized)$44.03m
Holders Revenue 30d$3.61m
Holders Revenue 7d$720,354
Holders Revenue 24h$111,187
Cumulative Holders Revenue$21.32m
Incentives (Annualized)$60.44m
Incentives 30d$4.95m
Incentives 7d$1.37m
Incentives 24h$313,042
Cumulative Incentives$345.88m
Earnings (Annualized)$101.1m
Earnings 30d$8.29m
Earnings 7d$1.9m
Earnings 24h$169,167
Cumulative Earnings-$95.03m
Market Cap$4.722b
$AAVE Price$309.99
All Time High$661.69
All Time Low$26.02
Fully Diluted Valuation$4.961b
$AAVE Volume 24h$415.99m
CEX Volume$192.14m
DEX Volume$165.26m(39.73% of total)
Staked$834.34m(17.67% of mcap)
Borrowed$30.59b
Treasury$260.66m
Majors$32.9m
Stablecoins$56.08m
Own Tokens$152.85m
Others$18.82m
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:
Aave V2: Include borrow interest, flashloan fee, liquidation fee and penalty paid by borrowers.View code on GitHubAave V3: Include borrow interest, flashloan fee, liquidation fee and penalty paid by borrowers.View code on GitHub
Revenue:
Aave V2: Amount of fees go to Aave treasury.View code on GitHubAave V3: Amount of fees go to Aave treasury.View code on GitHub
Holders 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
| 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 | $218.88m | $122.12m | $182.48m | $167.54m | $95.77m | $99.94m | $75.86m | $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 | $30.54m | $17.16m | $30.1m | $35.69m | $16.61m | $19.33m | $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 | $13.39m | $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 | $17.15m | $81,365 | $17.76m | $16.92m | $7.17m | $12.77m | $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 | $9.76m | $11.56m | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |