$AAVE Surges as New Wallets Pile On, Despite Bitcoin's Dip

The altcoin AAVE has seen significant growth in recent days, bucking the trend of Bitcoin's decline. According to cryptocurrency analytics platform Santiment, AAVE reached its highest daily number of new wallets since October 2021 on June 30th, with 1806 wallets opened on the Ethereum network.

This surge in new participation is seen as a sign of growing interest in DeFi and supports AAVE's price momentum. The firm notes that if this new participation translates into deposits, borrowing demand, and protocol revenue, AAVE could be poised for an even stronger recovery in the second half of 2026.

Despite falling approximately 2.4% in the last 24 hours, AAVE has gained about 13% in value over the past week. Standard Chartered and Grayscale have also issued bullish forecasts for the company, with Standard Chartered predicting a price of $3,500 by 2030 and Grayscale forecasting a price of $175 within a year.