Aave AAVE

Ethereum EcosystemDeFiLendingStablecoin Protocol

Aave leads with its market ecosystem and team governance, with security and compliance remaining the main focus and currently holding a D+ rating.

Rating updated 2026-08-03
D+36.15 / 100

Sector Rank #262 · Global Rank #651

Roadmap Delivery37.5F
Technical Implementation39.73F
Tokenomics11.65F
Team Governance51E-
Market Ecosystem90.48A-
Security & Compliance0F
01

Overall Rating

D+ · 36.15 / 100
Roadmap Delivery
37.5
Technical Implementation
39.73
Tokenomics
11.65
Team Governance
51
Market Ecosystem
90.48
Security & Compliance
0
Overall Score
36.15

Aave overall rating D+ (total score 37.16), ranking high in market ecosystem, team governance, and technical implementation across six dimensions. The main point of deduction is safety compliance (0 points)—mainly affected by regulatory compliance (0 points), multiple-entry ratio (0 points), and other sub-items.

Rating Team Conclusion: "Aave has relative advantages in market ecosystem, team governance, and technical implementation, but its current shortcomings are focused on security and compliance. " It is recommended to observe cautiously and not use it as a core configuration basis for now.

02

Six-Dimension Rating Breakdown

Roadmap Delivery

38/100

Roadmap On Time Delivery Rate?Lack of public milestone plans and actual delivery data.Weight 35%Insufficient data · 10 / 100

Last 4 upgrades achieved?Recently, V3 deployment and GHO have gone live, with V4 planned.Weight 30%V3 deployment, GHO launch, V4 planned · 70 / 100

Milestones to Deliver?Lack of clear near-term delivery milestones.Weight 20%V4 release plan, ETHLend relaunched · 30 / 100

History Extension Record?There is a lack of publicly available historical delay records.Weight 15%Insufficient data · 50 / 100

Technical Implementation

38/100

Consensus Mechanism?Protocol security depends on the consensus mechanism of the underlying public chain.Weight 30%Dependency on the underlying chain (PoS/PoA) · 50 / 100

Main network years of operation?The mainnet has run for a long time, accumulating rich operational experience.Weight 15%About 6.5 years · 90 / 100

Recent upgrades?Although there are major upgrades like V3 and GHO, the code update quality scores are relatively low.Weight 35%V3 deployment, GHO launched · 10 / 100

Client Diversity?As a DeFi protocol, it does not directly have client diversity.Weight 20%Not applicable (DeFi protocol) · 30 / 100

Tokenomics

15/100

Deflationary Mechanism?The perpetual buyback program exists, but the risk of additional issuance may offset its effectiveness.Weight 30%Permanent Buyback Program ($50 million per year) · 50 / 100

Inflation rate?The contract carries the risk of issuing additional tokens, which may lead to inflation.Weight 25%There is a risk of additional issuance · 0 / 100

Staking rate/position lock-up rate?Lack of public data on staking or lock-up rates results in weak value capture capability.Weight 25%Insufficient data · 0 / 100

Supply Upper Limit?There is a risk of additional issuance, and the supply ceiling may be breached.Weight 20%16 million (risk of additional issuance) · 0 / 100

Team Governance

53.75/100

Core Development Team?Core team members are publicly disclosed, but their execution records score average.Weight 30%Core team members are publicly available and supported by VCs · 50 / 100

Governance mechanisms?It has a mature DAO governance mechanism and high community participation.Weight 25%DAO Governance (Snapshot) · 95 / 100

Financial Transparency?Financing information is public, but there is a lack of transparency data on treasury fund usage.Weight 25%Financing information is public, but transparency data on fund usage is insufficient · 60 / 100

Concentration of key people?Contracts have the authority to hide owners and modify balances, which is extremely risky.Weight 20%There is a hidden owner and centralized permissions · 0 / 100

Market Ecosystem

94/100

Active Address?A high score for daily active addresses indicates good user engagement.Weight 30%High activity · 95 / 100

Ecological chain/L2 quantity?The protocol has been deployed on multiple mainstream public blockchains and L2s, with broad ecosystem coverage.Weight 25%14 chains / L2 · 100 / 100

DeFi TVL?As a leading DeFi protocol, it has a massive TVL scale and a solid market position.Weight 25%13.65 billion USD · 98 / 100

Developer community?GitHub activity is good, but recent update frequency is average.Weight 20%Activity level is above average · 80 / 100

Security & Compliance

0/100

Historical Major Failure?There are hidden ownership and additional issuance rights, posing significant security risks.Weight 25%There are potential major safety hazards · 0 / 100

Regulatory Attitude?Although the SEC investigation has concluded, core contract authority issues remain a regulatory concern.Weight 30%called “correct sequence of measures”. · 0 / 100

Sec Attitude?Although the SEC investigation has concluded, core contract authority issues remain a potential securities risk.Weight 30%called “correct sequence of measures”. · 0 / 100

Client Bug Frequency?The core contract had permission breaches, resulting in an overall security rating of 0.Weight 15%Not applicable (DeFi protocol) · 0 / 100

04

D+ Peer Comparison

Export CSV
AaveD+ · 36.15wojakD+ · 39.93Polyhedra NetworkD+ · 39.91yesnoerrorD+ · 39.9
Overall Score36.1539.9339.9139.9
Roadmap Delivery37.5037.511.25
Technical Implementation39.73------
Tokenomics11.6523.5841.250
Team Governance513075.1634.4
Market Ecosystem90.487070.7271.33
Security & Compliance050.54058.05

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