Abel Finance (ABEL) is a decentralized finance (DeFi) protocol built on the Aptos blockchain that lets users lend and borrow crypto assets - including coins, liquidity pool tokens, and even NFTs. Launched in December 2022, it was positioned as one of the first lending platforms on Aptos, using the Move programming language instead of Ethereum’s Solidity. But two years later, its real-world usage is minimal, its token supply is murky, and most of its promised features remain unfulfilled.

What ABEL actually does - and what it doesn’t

At its core, Abel Finance was designed to mimic Compound V2, a well-known Ethereum lending protocol. But instead of running on Ethereum, it runs on Aptos, which uses the Move language for smarter, faster smart contracts. Users could theoretically deposit assets like APT, USDC, or NFTs, earn interest, and borrow against them - all without a bank or middleman.

That sounds good on paper. But here’s the catch: as of November 2025, there’s almost no one using it. The protocol’s Total Value Locked (TVL) sits at around $260,000 - tiny compared to Ethereum-based rivals like Aave or Compound, which hold billions. Even within the Aptos ecosystem, which has about $1.85 billion in total DeFi value, Abel Finance accounts for less than 0.01%.

And while the project claims to be building cross-chain support for the Sui network, there’s no sign of it. No code updates. No testnet launches. No announcements. The official documentation hasn’t changed since 2023. If you’re looking for a working DeFi tool, Abel Finance isn’t it.

The ABEL token: A supply mystery

The ABEL token is supposed to be the backbone of the protocol - used for governance, staking, and rewards. The total supply is listed as 100 million tokens. But here’s where things get strange:

• Coinbase says 0 ABEL tokens are in circulation.
• CoinMarketCap says 10 million are circulating - but admits this is a self-reported number.
• LiveCoinWatch lists a different contract address than Coinbase.

This isn’t just a data glitch. It’s a red flag. If a project can’t even agree on how many tokens are actually out there, it raises serious questions about transparency. In crypto, if you can’t trust the supply numbers, you can’t trust the project.

Even more concerning: the market cap reported by CoinMarketCap ($44,410) is based on that 10 million circulating supply. But if Coinbase is right and zero tokens are actually being traded, then the market cap is effectively $0. That’s not a technical error - it’s a sign the token has no real demand.

Price history: From hype to hollow

ABEL hit an all-time high of $0.3191 in January 2023 - just weeks after launch. That was likely fueled by early investors and hype around Aptos as a new blockchain. But since then, the price has collapsed by 98.6%. As of November 2025, ABEL trades at around $0.0044.

It’s not just falling - it’s dying. The all-time low was $0.000101 in September 2024. That’s a 99.9% drop from its peak. Even in a bear market, tokens with real utility don’t drop this far. They stabilize. ABEL didn’t. It just kept sinking.

Why? Because no one’s using it. No one’s trading it. And no one’s building on it.

Who’s behind Abel Finance? No one seems to know

There’s no team page. No LinkedIn profiles. No public founders. The official website (abelfinance.xyz) is a static page with no contact info, no support chat, and no roadmap updates. The GitHub repository hasn’t had a meaningful commit since October 2023 - over a year ago.

The Twitter account @abelfinance posts maybe once every month. The last three posts were generic market updates, not product news. No new features. No partnerships. No technical upgrades.

Compare that to other Aptos DeFi projects like Tigris or Kriya - they post weekly updates, have active Discord communities, and release new versions every few weeks. Abel Finance? Silence.

Trading and liquidity: Almost non-existent

There are only two exchanges where you can trade ABEL: KuCoin and Bitget. Neither lists high volume. The 24-hour trading volume is around $16,000 - less than what a single popular meme coin moves in an hour.

On decentralized exchanges (DEXs), liquidity is nearly zero. Reddit users have reported checking multiple DEXs and finding “0 liquidity.” That means if you bought ABEL today, you might not be able to sell it tomorrow. You’d be stuck.

And without liquidity, there’s no price discovery. No real market. Just a few people trading tiny amounts, which makes the price easy to manipulate.

Is ABEL a scam? Not exactly - but it’s dead

There’s no evidence Abel Finance was a rug pull. The initial IDO in December 2022 raised $61,100 at $0.15 per token - a modest sum. The team didn’t vanish with the funds. But they also didn’t build anything.

This isn’t a scam. It’s a ghost project. A startup that launched with promise, got some early attention, and then faded into silence. The code is still there. The token still exists. But the team, the community, and the momentum are gone.

Why should you care about Abel Finance?

You shouldn’t - unless you’re studying how DeFi projects fail.

ABEL is a textbook case of a project that misunderstood the market. It didn’t solve a real problem. It didn’t offer better rates, better security, or better UX than existing tools. It just copied Compound and slapped it on Aptos - without building a user base or even maintaining its own website.

It also shows how easy it is for low-cap tokens to get listed on exchanges without real demand. KuCoin and Bitget list ABEL because they can - not because anyone’s trading it.

If you’re looking for DeFi on Aptos, stick with projects that have active development, real TVL, and transparent teams. Abel Finance doesn’t meet any of those criteria.

Final verdict: Don’t invest. Don’t trade. Just observe.

ABEL is a crypto relic. A token with no users, no liquidity, and no future. Its price might bounce briefly - maybe if Aptos has a bull run, or if someone tries to pump it. But that’s gambling, not investing.

If you’re new to crypto and wondering whether to buy ABEL, the answer is no. If you already own it, consider it a learning experience - not a portfolio holding. The real lesson here isn’t about Abel Finance. It’s about how to spot a dead project before you lose money on it.

Look for activity. Look for updates. Look for people talking about it. If none of that exists - walk away. ABEL is a warning sign, not a opportunity.