Grayscale: AAVE may rise to $175 in the next year

BlockBeats News, June 18 — Grayscale Research's latest report shows that under a one-year benchmark scenario, the price of Aave's native token AAVE could reach $175. Grayscale states that as asset management institutions begin applying traditional financial valuation models to DeFi tokens, Aave's current fair value is approximately $80 to $100. Grayscale estimates that Aave's net income in 2026 will be around $60 million, analyzed using methods such as discounted cash flow, earnings multiples, and comparisons with banks and fintech companies.

The report states that Aave's revenue will grow more than sixfold from 2023 to 2025, with an estimated protocol profit margin of about 50%. Grayscale believes that Aave's lending activities, GHO stablecoin, and institutional products could support future profit growth. However, Grayscale also notes that protocol revenue itself does not necessarily guarantee token value. Fees may be paid to liquidity providers, used for operational costs, or retained by the DAO, and token holders generally do not have legally enforceable claims like shareholders.

CoinShares also applies a similar long-term valuation framework to Hyperliquid's HYPE token and ETH, with a 2031 benchmark scenario valuing HYPE at $147 and ETH at $4,935.