Standard Chartered Predicts Aave Could See 50x Upside by 2030

CoinFeed, June 24 – According to The Block, Standard Chartered has initiated coverage on decentralized lending protocol Aave, setting a year-end 2030 price target of $3,500 for the AAVE token, representing an approximately 50x increase from the current price of around $70. The report states that Aave's revenue is linearly correlated with deposit size. Following the KelpDAO exploit, Aave's deposits fell from $44 billion to $23 billion and loans from $18 billion to $9.5 billion, which is now seen as a 'bottom'.