Live · updated 9 minutes ago
GHO Price chart
Key stats
Performance
How the price moved over each period.
Supply
699.00M GHO circulate. No maximum supply is set.
- Circulating
- 699.00M
- Total supply
- 699.00M
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 2.26% of market cap. Normal turnover for its size.
$697.55M market cap, rank #91. Bigger is harder to push around.
100% of the total supply circulates. Little dilution ahead.
3.1% below its all-time high of $1.03.
Largest recent swing: 0.05% a day. Calm.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is GHO?
GHO is a decentralised, over-collateralised stablecoin native to the Aave protocol. Aave Governance, the community of AAVE token holders, controls its parameters. It is an ERC-20 token that originates on Ethereum and is meant to track the US dollar. Nobody deposits dollars to receive it: GHO is created when users borrow it against collateral.
How GHO works
To mint GHO, a user supplies approved collateral to Aave v3 and borrows GHO within the usual collateral limits. If the position becomes unsafe it can be liquidated, as with other Aave loans. Aave Governance sets the borrow interest rate and approves the contracts, called facilitators, that are allowed to mint and burn GHO.
- Aave v3 facilitator: mints GHO against collateral.
- GHO Stability Module: lets users swap GHO with approved tokens at a fixed 1:1 price, which helps anchor the peg. Fees go to the Aave DAO treasury, and exposure caps and oracle checks limit the risk.
- Flash minting: GHO can be minted and repaid within one transaction, useful for liquidations and arbitrage.
If the 30-day average price drifts outside a set band around $1, GHO Stewards can adjust the borrow rate within limits set by governance.
GHO supply and token design
GHO has no fixed supply cap. Each facilitator has a bucket capacity set by governance, and that capacity limits how much GHO it can create. Supply therefore grows with borrowing demand and shrinks as loans are repaid.
Live circulating supply is shown in the market data on this page. GHO is deployed on Arbitrum, Base, Avalanche, Gnosis, Mantle, Monad, Plasma and XLayer in addition to Ethereum, with cross-chain transfers handled through Chainlink CCIP. The Ethereum contract is 0x40d16fc0246ad3160ccc09b8d0d3a2cd28ae6c2f.
Official information is on gho.xyz.
GHO also gives Aave users a way to borrow a stablecoin created inside the protocol.
What to check before using GHO
- Peg risk: GHO is backed by borrowers' collateral, not by cash reserves, so it can trade away from $1, especially during market stress.
- Collateral and liquidation risk: if you borrow GHO, falling collateral prices can trigger liquidation.
- Stability module exposure: the module holds other stablecoins, so problems with those assets can affect GHO's backing.
- Smart-contract and governance risk: parameters, caps and facilitators can change by governance vote, and bugs in any connected contract are a risk.
- Cross-chain risk: bridged GHO relies on CCIP and on the contracts of each chain.
GHO project profile
- Open source
- No
- Hardware wallet support
- Yes
Token contracts
- Ethereum:
0x40d16f…ae6c2f - Monad:
0xfc421ad3c883bf9e7c4f42… - Base:
0x6bb7a2…da10ee - Ink:
0xfc421ad3c883bf9e7c4f42… - Plasma:
0xb77e872a68c62cfc0dfb02… - Arbitrum One:
0x7dff72…7c8b33 - Avalanche:
0xfc421a…799e73 - Xdai:
0xfc421ad3c883bf9e7c4f42…
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
GHO market analysis
With a market capitalisation of $697.55 million, GHO (GHO) is classed as a small-cap asset and ranks #91 of 1,341 cryptocurrencies with a reported market cap on CryptoWave, larger than about 93.2% of them. It accounts for roughly 0.03% of the combined tracked market value. Small-cap assets can move quickly on news or exchange listings, and liquidity can thin out fast in sell-offs.
Over the last 24 hours roughly $15.74 million of GHO changed hands, equal to 2.26% of its market cap, which puts its trading volume ahead of about 90.4% of tracked assets. That is a moderate, fairly typical level of turnover. Its turnover ratio is higher than that of about 36% of tracked assets.
Price action: GHO moved −0.05% in 24 hours and −0.01% over 7 days. It outperformed Bitcoin by 2.13 percentage points over 24 hours and by 3.85 points over 7 days. Against the median tracked coin (ahead by 2.19 points on the day and ahead by 6.20 points on the week), it has been a relative strength in recent sessions.
To overtake Filecoin (FIL) just above it, GHO would need to grow its market cap by about 3.8%; it is 1.3% larger than Injective (INJ) just below. Its market cap is 0.05% of Bitcoin's.
Based on market data; not investment advice.
GHO FAQ
What is GHO?
GHO is a decentralised, over-collateralised stablecoin created by borrowing against collateral on Aave. It is meant to stay close to one US dollar.
How is GHO backed?
GHO is minted against crypto collateral supplied to Aave, and the GHO Stability Module can swap it 1:1 with approved tokens. It is not backed by bank cash reserves.
How many GHO are there?
There is no fixed cap. Each facilitator has a governance-set mint limit. Live circulating supply is shown in the market data on this page.
Who controls GHO?
Aave Governance approves facilitators, sets their caps and decides the module and oracle settings. GHO Stewards can adjust the borrow rate within preset limits.
Price history
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