Aave could soar to $3,500 by 2030 on DeFi revival, says StanChart
Geoff Kendrick said Aave has moved past April’s cyberattack-related market disruption and is well positioned to benefit from growth in tokenized assets and DeFi.
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Summary
- Standard Chartered’s Geoff Kendrick initiated coverage of Aave with a $3,500 price target by the end of 2030, implying a roughly 50x increase from current levels.
- Kendrick said Aave has largely recovered from market-share losses tied to the April KelpDAO exploit and is regaining assets on its platform.
- Tokenized assets active in DeFi are expected to grow 37-fold by 2030, providing a major tailwind for Aave’s lending business.
