Woofun AI reports that Standard Chartered initiated coverage of Aave, projecting the token could reach $3500 by the end of 2030. This target represents a nearly 50-fold increase from the current level of approximately $70. Geoff Kendrick, Digital Asset Research Director at Standard Chartered, noted that Aave has recovered from the market turmoil linked to the April exploit incident, with assets flowing back to the platform. The protocol is positioned to maintain its leading role in the on-chain lending market.

Kendrick described Aave as an automated, blockchain-based bank without employees or discretionary decision-making. At its peak in October 2025, Aave held around $75 billion in deposits, a scale comparable to top 30 U.S. banks. Standard Chartered expects the value of tokenized assets in DeFi to grow 37 times by the end of the decade. Since Aave's revenue model ties directly to lending activity and deposits, the bank anticipates this growth will translate into increased token value.

Additionally, the potential restart of Aave's token buyback program and the Horizon plan to support lending against tokenized RWAs may serve as further catalysts.