Lenders deposit funds into Aave and receive interest payments from borrowers (supply-side fees).

Aave is a non-custodial lending protocol built on Ethereum and other adjacent blockchains. Aave was founded by Stani Kulechov and launched in 2017.

AAVE tokenholders own and govern the protocol. They currently take a cut of the total interest paid by borrowers (revenue). Aave’s investors include ParaFi Capital, Framework Ventures, Three Arrows Capital, etc.

governance

github

twitter

discord

etherscan

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Lending

Aave

Aave | Data breakdown

# Aave Maximum token supply Methodology

## 1. Overview

Maximum token supply measures the total number of tokens that can ever exist under Aave’s current token economics. All tokens that are circulating, locked, unvested, or reserved for future issuance are encompassed by this metric. A fixed issuance cap is established by the smart contracts governing the protocol's migration and governance framework.

## 2. Data sources

- **None**: This metric is set to a constant value and does not consume live blockchain events.

## 3. Step-by-step calculation

### Component A: Maximum supply definition

- **Purpose**: To establish the absolute upper limit for the AAVE token supply.
- **Logic**: A fixed value of 16,000,000 is assigned to the metric. This value represents the total supply cap defined during the protocol's migration from LEND to AAVE.
- **Key fields**: `token_supply_maximum` (set to 16,000,000).

### Component B: Temporal alignment and persistence

- **Purpose**: To provide a continuous daily record of the maximum supply.
- **Logic**: The fixed supply value is mapped to a daily timestamp grain starting from the token launch date on September 24, 2020. A fill-forward strategy is applied to ensure the value is maintained for every subsequent day in the dataset.
- **Key fields**: `timestamp` (starting 2020-09-24), `fill_strategy` (fill_forward).

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

AaveAAVE

Maximum token supply

Maximum token supply

Competitive landscape