Aave Surges on Standard Chartered's Bullish $3,500 Price Target

Aave's price surged by 10.43% over the last ~25 hours after Standard Chartered initiated research coverage on the protocol, setting a long-term valuation of $3,500 per AAVE.

This is roughly a 50× increase from recent prices and marks one of the most bullish calls made on Aave to date.

According to reports, Geoff Kendrick, head of digital assets research at Standard Chartered, laid out a path for Aave's growth via intermediate targets, including $180 by end-2026, as DeFi and tokenized assets scale up.

The surge in price was also driven by improving fundamentals, with USDT deposits flowing back into Aave's Ethereum v3 market, reaching around $3 billion and total deposits approaching $12 billion.