A S&P analyst dares to issue a $3,500 forward check for AAVE—what kind of DeFi faith does that take? Bookmark this; check back in 2030.

CryptoJie News reports that Standard & Poor’s Geoff Kendrick predicts the token price of DeFi lending giant AAVE could reach $3,500 by the end of 2030, with the current price at about $76.30. This target implies that AAVE’s price would increase by roughly 50 times, and is expected to surpass Bitcoin and Ethereum. Kendrick said that AAVE has moved past the April network attack, assets have begun to flow back, and the protocol still holds a dominant position in on-chain lending. Despite the recent weakness in the digital asset market, the overall market environment is improving, and AAVE is expected to benefit from capital flowing back into DeFi.