AAVEAave: history, founders and key events
From Jan 8, 2020 to today, every major rally, crash and upgrade, each with a dated, sourced price.
Open the interactive timelineLatest close in our data: $158.58 (Coinbase Exchange AAVE/USD daily close, 2026-10-14).
Origin story
Aave began as ETHLend, a peer to peer lending platform founded by Stani Kulechov, which raised money in a November 2017 ICO with the LEND token. It rebranded as Aave, Finnish for ghost, in 2018.
The Aave lending protocol launched on Ethereum in January 2020 and introduced flash loans. In October 2020 LEND was swapped for AAVE at 100 to 1.
Founders: Stani Kulechov.
Source: Binance AAVE/USDT daily closes 2020-10-15 to 2020-12-14; Coinbase Exchange AAVE/USD daily closes 2020-12-15 to 2026-10-14. Fetched Oct 14, 2026 from free public APIs. Click a dot for the event and its price on that day.
Browse by year
Key events
- Jan 8, 2020launch
Aave protocol launches
Pooled lending with flash loans goes live. - Oct 2, 2020upgrade
LEND to AAVE migration
LEND holders swap 100 LEND for 1 AAVE. - Oct 15, 2020milestone
First daily close in our data $43.00 (Binance AAVE/USDT daily close, 2020-10-15)
Our sourced AAVE price history begins on this day. - May 18, 2021rally
Highest close in our data $628.50 (Coinbase Exchange AAVE/USD daily close, 2021-05-18)
The highest daily close for AAVE in our price history. - Mar 16, 2022upgrade
Aave v3 $141.71 (Coinbase Exchange AAVE/USD daily close, 2022-03-16)
Aave v3 launches across several chains. - Jun 18, 2022crash
Lowest close after the peak $49.65 (Coinbase Exchange AAVE/USD daily close, 2022-06-18)
The lowest AAVE close in our data after its highest close.
Updated
Sources
Facts written in our own words. Last checked Oct 14, 2026.