Aave (AAVE)
Total Value Locked$55.64b
TVL by Chain
Ethereum$26.835b
borrowed$22.129b
Plasma$2.541b
Arbitrum$1.213b
Base$842.51m
Avalanche$641.56m
staking$525.17m
BSC$242.22m
Polygon$220.72m
Linea$159.27m
OP Mainnet$94.94m
Gnosis$85.42m
Sonic$36.28m
Aptos$26.88m
Celo$20m
Scroll$12.17m
ZKsync Era$6.53m
Metis$3.15m
Soneium$3.13m
pool2$1.68m
Fantom$8,583
Harmony$0
Key Metrics
Fees (Annualized)$899.38m
Fees 30d$73.72m
Fees 7d$14.82m
Fees 24h$2.09m
Cumulative Fees$1.887b
Revenue (Annualized)$109.9m
Revenue 30d$9.01m
Revenue 7d$1.81m
Revenue 24h$252,032
Cumulative Revenue$276.6m
Holders Revenue (Annualized)$24.01m
Holders Revenue 30d$1.97m
Holders Revenue 7d$0
Holders Revenue 24h$0
Cumulative Holders Revenue$30.02m
Incentives (Annualized)$29.46m
Incentives 30d$2.42m
Incentives 7d$1.04m
Incentives 24h$920,918
Cumulative Incentives$355.95m
Earnings (Annualized)$80.43m
Earnings 30d$6.59m
Earnings 7d$765,598
Earnings 24h-$668,886
Cumulative Earnings-$79.35m
Market Cap$2.955b
$AAVE Price$194.51
All Time High$661.69
All Time Low$26.02
Fully Diluted Valuation$3.114b
$AAVE Volume 24h$253.83m
CEX Volume$65.43m
DEX Volume$697.25m(274.69% of total)
Staked$525.17m(17.77% of mcap)
Borrowed$22.129b
Treasury$159.14m
Majors$11.27m
Stablecoins$49.5m
Own Tokens$84.06m
Others$14.31m
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 | $218.54m | $259.25m | $122.11m | $179.56m | $170.61m | $95.7m | $101.53m | $75.05m | $36.93m | $32.2m | $22.1m | $20.98m | $16.78m | $38.35m | $52.87m | $80.7m | $162.08m | $111.03m | $77.58m | $12.39m | $150,381 |
| Revenue | $27.58m | $35.84m | $17.16m | $29.77m | $37.72m | $17.19m | $19.44m | $12.5m | $6.45m | $9.71m | $2.84m | $3.24m | $2.59m | $3.42m | $5.55m | $8.49m | $16.46m | $11.27m | $8.27m | $1.1m | $14,094 |
| Incentives | $5.82m | $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 | $21.77m | $18.21m | $83,041 | $17.43m | $18.95m | $7.75m | $12.87m | $6.69m | -$108,043 | $6.45m | -$499,531 | -$529,168 | -$2.17m | -$892,525 | -$8.96m | -$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 |