The bank forecasts a 50x surge in AAVE from current levels, citing DeFi growth and recovery from past liquidity issues.
Standard Chartered initiated coverage on AAVE with a $3,500 price target by the end of 2030, representing a nearly 50x increase from its current level of around $70. The bank expects the token to reach $180 by year-end and accelerate to $600, $1,200, and $2,200 in subsequent years.
AAVE, which hit an all-time high of $661 in 2021, has struggled to regain momentum after an April liquidity crunch halved deposits. The bank’s forecast aligns with a projected 37x growth in DeFi assets by 2030, though it hinges on unproven steps like Aave’s expansion into traditional finance.
The report follows a late-2024 rally to nearly $400, driven by broader market optimism, but AAVE remains below its peak despite recent gains.