Aave, initially launched under the name EthLend and often referred to as Aave [OLD] or by its original ticker LEND, is a foundational project in the decentralized finance (DeFi) lending space. This analysis provides a comprehensive look at its historical price performance, from its initial coin offering (ICO) to recent trading activity. Understanding this history is crucial for investors and DeFi enthusiasts looking to grasp the token's market cycles and volatility.
The project officially launched in November 2017. The first recorded exchange rate for the LEND token was $0.0168. Like many nascent crypto assets, its early years were marked by significant volatility. It experienced a dramatic low of $0.00336 in August 2019 before embarking on a substantial bull run that culminated in an all-time high of $3.80 in December 2024.
Key Historical Price Milestones
The journey of the LEND token is a compelling case study in crypto asset growth. Its price history reflects the broader trends and adoption cycles within the DeFi sector.
2017 - The Beginning: The token generation event occurred, with prices starting their recorded history near $0.017.
2019 - The Bear Market Bottom: The token found its absolute lowest trading point at approximately $0.0034, a common experience for many altcoins during that crypto winter.
2024 - The Cycle Peak: The token achieved its highest recorded value of $3.80, demonstrating immense growth from its humble beginnings and lows.
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Recent Market Performance and Trading Data
The following data provides a snapshot of recent trading activity, including daily open, high, low, and close prices, alongside volume and market capitalization figures. This information is vital for assessing short-term momentum and liquidity.
| Date | Open | High | Low | Close | Volume (USD) | Volume (LEND) | Market Cap |
|---|---|---|---|---|---|---|---|
| 07/03/2025 | $2.77 | $2.84 | $2.76 | $2.79 | $140 | 50.32 | $3.1 bn |
| 07/02/2025 | $2.62 | $2.82 | $2.60 | $2.77 | $618 | 230.51 | $3 bn |
| 07/01/2025 | $2.76 | $2.77 | $2.52 | $2.62 | $1.8 K | 688.41 | $2.9 bn |
| 06/30/2025 | $2.81 | $2.96 | $2.66 | $2.76 | $3.1 K | 1,106 | $3 bn |
| 06/29/2025 | $2.61 | $2.83 | $2.60 | $2.81 | $635 | 237.08 | $2.9 bn |
| 06/28/2025 | $2.59 | $2.62 | $2.58 | $2.61 | $22 | 8.73 | $2.9 bn |
| 06/27/2025 | $2.59 | $2.63 | $2.56 | $2.59 | $22 | 8.66 | $2.9 bn |
| 06/26/2025 | $2.60 | $2.70 | $2.58 | $2.59 | $24 | 9.48 | $2.9 bn |
| 06/25/2025 | $2.62 | $2.64 | $2.57 | $2.59 | $24 | 9.58 | $2.9 bn |
| 06/24/2025 | $2.51 | $2.65 | $2.50 | $2.62 | $725 | 279.92 | $2.9 bn |
Analyzing Volume and Market Cap Trends
Trading volume is a key indicator of market interest and liquidity. Periods of high volume, such as those seen on June 10th and 12th, often coincide with significant price movements, indicating heightened buying or selling pressure. Market capitalization, calculated by multiplying the circulating supply by the current price, has generally fluctuated between $2.5 billion and $3.5 billion in this recent period, reflecting the token's established value within the crypto ecosystem.
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The Importance of Historical Crypto Data
Studying historical prices is more than just tracking numbers. It allows investors to identify patterns, understand market cycles, and assess the long-term potential of a digital asset. For a project like Aave, which pioneered key DeFi concepts, its price history is intertwined with the evolution of the entire sector. Analyzing support and resistance levels from historical data can also inform future trading strategies.
Frequently Asked Questions
What is the difference between Aave [OLD] (LEND) and the new AAVE token?
The original LEND token was migrated to the new AAVE token through a smart contract swap. AAVE is the current native token of the Aave protocol and serves governance and safety module functions, while LEND is the deprecated historical asset.
Where can I find the most reliable historical cryptocurrency price data?
Reliable data can be found on major cryptocurrency market data aggregators and exchanges that provide detailed historical charts, exportable CSV files, and API access for in-depth analysis of tokens like LEND.
Why did the price of LEND experience such dramatic changes?
The price volatility is typical for cryptocurrency assets and was influenced by broader market cycles, specific developments and adoption within the Aave protocol, and overall sentiment in the DeFi space.
Is the historical LEND token still traded?
While the active trading and liquidity for the legacy LEND token are significantly diminished following its migration to AAVE, some trading pairs may still exist on certain decentralized or lesser-known exchanges.
How can historical price data inform future investment decisions?
It helps identify cyclical patterns, long-term trend directions, and key psychological support and resistance levels. However, past performance is never a guarantee of future results, and it should be one of many analysis tools.
What does 'Volume (LEND)' represent in the data table?
This column shows the number of LEND tokens traded during that 24-hour period, giving insight into the actual quantity of assets changing hands, as opposed to the USD value of that volume.