GHO price
Data as of November 11, 2026, 02:11 UTC+3, the price refreshes on the page
GHO is Aave’s dollar stablecoin, minted against collateral.
- Market cap
- $697.7M
- 24h volume
- $8.17M
- Volume / market cap
- 1.17%
- Fully diluted value
- $697.7M
- Circulating supply
- 699.0 M GHO
- Total supply
- 699.0 M GHO
- Max supply
- no cap
- 24h range
- $0.9979 … $0.9984
- All-time high
- $1.03February 28, 2024
Analytics
What the numbers say about how the coin behaves. Based on hourly prices over 7 days and data as of November 11, 2026, 02:11 UTC+3.
Volatility
1%lowThe price barely moves, as a stablecoin should.
Dollar peg
$0.9982holdingNow 0.18% away from $1, at most 0.21% over 7 days.
Liquidity
1.2%normalA day’s trading equals 1.2% of market cap: a stablecoin is used for settlement, so heavy turnover is normal.
Market share
0.03%smallShare of the top-100 market cap.
What is GHO
GHO is a stablecoin pegged to the US dollar and built into the Aave lending protocol. Aave was founded by Stani Kulechov: it started in 2017 as ETHLend, and its current name means “ghost” in Finnish. Aave Companies proposed GHO to the community in July 2022, and the stablecoin went live on Ethereum on July 15, 2023 after a vote by AAVE holders in the Aave DAO.
New GHO is created when a user supplies collateral to the Aave V3 Ethereum market and borrows GHO against it. The collateral must be worth more than the loan, and if its value drops below a threshold the position is liquidated. Only governance-approved “facilitators”, each with its own cap, can mint and burn GHO: the Aave V3 market itself, a flash-mint module, a Chainlink CCIP bridge to other networks and the GHO Stability Module, which swaps GHO for USDC and USDT at roughly one to one, sometimes for a small fee. Unlike other Aave assets, GHO’s borrow rate is not formula-driven: the GHO Stewards adjust it within governance-approved limits.
GHO is used to borrow dollars against crypto without selling it, for swaps and pools across DeFi, and for saving: deposits in the sGHO vault earn yield. Besides Ethereum, it runs on Arbitrum, Base, Avalanche, Gnosis and other networks. Unlike USDT and USDC, GHO is minted by smart contracts against excess collateral rather than by a company holding reserves, though USDC and USDT in the Stability Module form part of its backing. Unlike DAI, it is minted directly inside Aave’s lending market and governed by AAVE holders.
What it’s used for
- borrowing dollars against crypto on Aave
- swaps and liquidity pools in DeFi
- earning yield in the sGHO vault
- moving between networks via Chainlink CCIP
Risks
- the peg rests on collateral and a capped Stability Module and can slip: in the autumn of 2023 GHO traded well below a dollar
- dependence on Aave: a smart contract bug or losses from liquidations in a market crash would hit GHO’s backing
- part of the backing is USDC and USDT, so trouble at their issuers would reach GHO, and rates and caps change through AAVE holder votes
Contract addresses
Check the contract address before you buy or send: fake tokens copy the name and ticker, but their address is different.
| Network | Contract | Open |
|---|---|---|
| Ethereum (ERC-20) | 0x40d16fc0246ad3160ccc09b8d0d3a2cd28ae6c2f | Open |
| Base | 0x6bb7a212910682dcfdbd5bcbb3e28fb4e8da10ee | Open |
| Arbitrum One | 0x7dff72693f6a4149b17e7c6314655f6a9f7c8b33 | Open |
| Avalanche C-Chain | 0xfc421ad3c883bf9e7c4f42de845c4e4405799e73 | Open |
More networks: 4
| Network | Contract | Open |
|---|---|---|
| Ink | 0xfc421ad3c883bf9e7c4f42de845c4e4405799e73 | |
| Monad | 0xfc421ad3c883bf9e7c4f42de845c4e4405799e73 | |
| Plasma | 0xb77e872a68c62cfc0dfb02c067ecc3da23b4bbf3 | |
| Xdai | 0xfc421ad3c883bf9e7c4f42de845c4e4405799e73 |
Check a GHO address before the deal
mexm AML shows where the coins came from: scams, darknet, mixers, sanctions. Networks: Ethereum (ERC-20). First check free.
Questions
How much is GHO worth today?
As of November 11, 2026, GHO trades at $0.9982. Over 24 hours the price moved 0.00%, over 7 days −0.02%. The price on this page refreshes automatically.
How many GHO are in circulation?
699.0 M GHO are in circulation. There is no maximum supply. The fully diluted value of all coins is $697.7M.
How is GHO different from USDT and USDC?
USDT and USDC are issued by companies against reserves they hold themselves. GHO is minted by Aave smart contracts when users borrow it against excess collateral, and the system’s parameters are approved by AAVE holders.
What is sGHO?
It is a vault on Aave where you deposit GHO to earn yield at a rate set by the protocol. GHO can be withdrawn from sGHO with no waiting period.
How do I check a GHO address for AML risk?
Open @AMLmexmBot, pick the network (Ethereum (ERC-20)) and send a wallet address or a transaction hash. The bot shows the risk score in percent and where the funds came from. Your first check is free.
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Prices and analytics are for information only and are not investment advice. Market data source: CoinGecko.