Standard Chartered has set a target price of $3,500 for AAVE by 2030.

CoinWorld News reports that Standard Chartered Bank's Digital Asset Research Director Geoff Kendrick has initiated coverage of the DeFi lending protocol AAVE, with a target price of $3,500 for the AAVE token by the end of 2030. The report believes that AAVE has largely recovered from the impact of the KelpDAO-related incident in April this year and is expected to benefit from the DeFi revival and the growth of tokenized real-world assets (RWA). Kendrick predicts that by 2030, the scale of tokenized assets active in DeFi will increase by approximately 37 times, and AAVE, as a leading on-chain lending platform, is expected to continue benefiting. The report also mentions that the AAVE buyback program has been restarted and that the Horizon project, which targets institutional RWA lending, could become a growth catalyst.