Standard Chartered has initiated coverage of Aave with a $3,500 price target for 2030, betting that the decentralized lending protocol will benefit from the expansion of tokenized assets and institutional finance onchain.
The target implies significant upside from AAVE’s current price near $76 and would see the token outperform Bitcoin and Ethereum through the end of the decade.
Geoff Kendrick, Standard Chartered’s global head of digital assets research, said Aave is positioned to retain its lead in decentralized lending as more traditional financial assets move onto blockchain networks.
The bank expects the value of tokenized assets used across decentralized finance to increase 37 times by 2030.
Aave could capture a large portion of that growth because its revenue is tied to the amount of capital deposited and borrowed through its lending markets.
