StanChart sees Aave hitting $3,500 by 2030

Standard Chartered analyst Geoff Kendrick initiated coverage of Aave with a $3,500 price target by end of 2030, implying a roughly 50x increase. The protocol has recovered from the April KelpDAO exploit and is regaining assets. Tokenized assets in DeFi are expected to grow 37-fold by 2030, providing a tailwind.