Grayscale Research estimates AAVE fair value between $80 and $100, with upside to $175, citing 48% on-chain lending dominance and pending ETF conversion.

Grayscale Research estimates AAVE fair value between $80 and $100, with upside to $175, citing 48% on-chain lending dominance and pending ETF conversion.

Grayscale estimated a one-year base-case value of $175 for AAVE using traditional valuation methods including cash-flow analysis, earnings multiples and comparisons with banks and…