Grayscale Research estimates AAVE’s 2026 revenue at $60 million and projects a near-term fair value of $175 amid DeFi growth.
Grayscale Research revised AAVE’s fair value estimate to $175 within a year, citing undervaluation at current levels. The firm pegged Aave’s 2026 revenue at $60 million and set a present fair value range of $80 to $100 using a 20x to 25x fintech earnings multiple.
The report highlighted regulatory clarity as a catalyst for tokenized assets entering decentralized finance lending, potentially driving AAVE’s valuation higher. AAVE, alongside UNI and SKY, was classified as a cash-flow-driven crypto asset, distinct from commodity-like tokens such as Bitcoin.