CoinWorld News reports that Grayscale Research has released a report stating that AAVE is undervalued at its current price level, with an estimated revenue of approximately $60 million this year, and using a fintech company’s price-to-earnings ratio of 20 to 25 times, the current fair value of AAVE is about $80 to $100. Grayscale believes that if regulatory clarity accelerates the tokenization of assets entering DeFi lending, AAVE’s fair value could rise to approximately $175 within a year. The report also classifies AAVE, UNI, Sky, and others as assets more closely driven by cash flow, distinguishing them from Bitcoin and other assets with more commodity-like attributes.