Standard Chartered analyst Geoff Kendrick has initiated coverage of the Aave token with a forecast of $3,500 by the end of 2030. The target implies a roughly 50-fold increase from current levels near $70.
Kendrick said Aave has moved past disruptions from an April cyberattack tied to the KelpDAO exploit. Assets are returning to the platform after the incident, which involved roughly $290 million in stolen tokens used as collateral.
The bank expects tokenized assets used in DeFi to grow 37-fold by 2030. This growth would directly support Aave's lending business and deposits.
At its peak in October 2025, Aave held about $75 billion in deposits. The protocol could also benefit from a potential restart of its token buyback program and its Horizon initiative for tokenized real-world assets.
Aave traded around $76 after rising 5.6 percent in the last 24 hours.
