Standard Chartered sees 50x upside for AAVE by 2030

Standard Chartered (SC) has projected that the price of crypto lending protocol Aave (AAVE) could reach $3,500 by 2030, Cointelegraph reported, citing a recent note from the bank. SC explained that it expects Aave to be a major beneficiary as the decentralized finance (DeFi) market grows approximately 37-fold and tokenized finance rapidly moves on-chain. According to CoinMarketCap, AAVE is currently trading at $72.26.