# Aave (AAVE) — crypto price, market cap and strength versus Bitcoin

> Aave trades at $93.68 with a market capitalisation of $1.3B (rank 57). Over 90 days it is +20.7% against Bitcoin and sits below its 200-day average. Lending as a theme is +40.8% against Bitcoin over 13 weeks. Price readings run through 2026-07-31.

## Agent research brief

- What this coin is: Aave (AAVE), a Lending token of $1.3B at market-cap rank 57. On-chain activity is sourced from protocol.
- What the tape says: +20.7% versus Bitcoin over 90 days; below its 200-day average. Lending as a theme is +40.8% against Bitcoin over 13 weeks.
- What the evidence supports: 36.6/100 inside Lending on 91% evidence (82% of it native activity). Evidence is mixed. Keep normal research priority and wait for two pillars to agree.
- What is missing: There is no valuation band for any coin on this site: historical market capitalisation is not held, so no PE-style range can be built. Aave does publish network fees, protocol revenue, total value locked.

Theme: Lending (/mla/crypto/sector/lending). Price 2026-07-31; market-cap snapshot 2026-07-04.

## Price, returns and risk

Aave is -64.1% over one year, +0.6% over 90 days and +12.7% over 30 days. Annualised 30-day volatility is 73%. Its deepest fall from a high inside the last 90 days is 40%. It trades below its 200-day average, which is falling.

- Price: $93.68
- Market cap: $1.3B (rank 57)
- Returns: 7d +0.7%; 30d +13%; 90d +0.6%; 180d -25%; 1y -64%
- RS versus Bitcoin, 90d: +21%
- 30-day volatility: 73% annualised; deepest 90-day fall 40%
- 200-day average: $102.72, trading below it

## Protocol economics

Aave publishes 3 of the six network-economics series this site tracks: network fees, protocol revenue, total value locked. Network fees over the last four complete quarters is $1.5M. Network activity is evidence about the protocol, not earnings owed to the token. Readings run to the Q2 2026 quarter.

- Network fees: trailing four quarters $1.5M; change -81%; covered 20/20 quarters
- Protocol revenue: trailing four quarters $1.3M; change -78%; covered 20/20 quarters
- Total value locked: latest quarter $103.9M; change -63%; covered 20/20 quarters

## Research score

Aave: 36.6/100 — Lagging · market gate closed; 18.4 + 4.5 + 2.8 + 10.9 = 36.6; evidence 91%; native evidence 82%; rank 11 of 11 rated Lending coins
Decision use: Evidence is mixed. Keep normal research priority and wait for two pillars to agree.
This weakens if: The read weakens if 90-day RS versus BTC falls below zero with two weekly closes below the 200-DMA, or native activity contracts for two complete calendar quarters.

No valuation band exists for any coin on this site: historical market capitalisation is not held, so no company-style valuation range can be built.

## Lending scorecard

Aave is one of 14 Lending coins here, 11 of which carry enough evidence to be rated and ranked. Aave ranks 11 of those 11 on 91% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked.

- 1. COINDEPO (COINDEPO): score 65.7; evidence 50%; Illiquid · research only
- 2. Olympus (OHM): score 62.4; evidence 66%; Illiquid · research only
- 3. FOLKS (FOLKS): score 55; evidence 50%; Illiquid · research only
- 4. Venus (XVS): score 52.9; evidence 50%; Illiquid · research only
- 5. Zest Protocol (ZEST): score 52.1; evidence 23%; Tape-led · on-chain proof incomplete
- 6. Euler (EUL): score 51.5; evidence 50%; Illiquid · research only
- 7. Morpho (MORPHO): score 49.7; evidence 12%; Illiquid · research only
- 8. Compound (COMP): score 47.3; evidence 12%; Illiquid · research only
- 9. Spark (SPK): score 46.4; evidence 12%; Illiquid · research only
- 10. Kamino (KMNO): score 39.7; evidence 50%; Illiquid · research only
- 11. Aave (AAVE) [this coin]: score 36.6; evidence 91%; Lagging · market gate closed

## Limitations

- Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
- Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag.
- No valuation band exists for any coin: historical market capitalisation is not held at all.
- Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred.
- The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal.

## FAQs

### What is Aave (AAVE)?

Aave is a Lending cryptocurrency tracked here by price, market capitalisation and strength against Bitcoin, with on-chain activity from protocol. It is one of 14 Lending coins on this site. Readings are as of 2026-07-31.

### What is the market cap of Aave?

Aave's market capitalisation is $1.3B, ranking it 57 in the top-1,000 crypto universe. That figure is a dated snapshot from 2026-07-04, refreshed separately from the daily price series, so it can lag the price shown above.

### Is Aave beating Bitcoin?

Aave is +20.7% against Bitcoin over 90 days, and its own theme, Lending, is +40.8% over 13 weeks. It trades below its 200-day average as of 2026-07-31.

### Does Aave have a P/E ratio?

No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead.

### What is Aave's research score?

36.6/100 within Lending, ranked 11 of 11 rated Lending coins, on 91% evidence: 18.4 + 4.5 + 2.8 + 10.9 = 36.6. It is labelled “Lagging · market gate closed”. The score ranks research attention inside one theme, never portfolio action.

### How much Aave history does this page show?

Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Aave actually publishes. Here that is network fees, protocol revenue, total value locked.

### Does Aave generate network fees?

Aave's trailing twelve-month network fees is $1.5M, down 80.6% on the year-earlier period. Network activity is not token-holder earnings: whether it accrues to the token depends on the protocol's own burn, buyback and distribution rules.