Aave could soar to $3,500 by 2030 on DeFi revival, says StanChart

Standard Chartered analyst Geoff Kendrick projected that the decentralized finance (DeFi) lending protocol Aave could reach a price of $3,500 by 2030. Kendrick stated on May 15, 2024, that Aave has successfully navigated the market disruption caused by a cyberattack in April. He believes Aave is strategically positioned to capitalize on the anticipated growth in tokenized assets and the broader DeFi ecosystem. This optimistic outlook is contingent on the continued expansion and adoption of decentralized financial services. The projection suggests a significant upward trend for Aave's native token, AAVE, over the next six years, driven by fundamental improvements in the DeFi sector and the protocol's resilience.