Standard Chartered, Grayscale see promise in DeFi protocol Aave

Standard Chartered and Grayscale have identified the DeFi lending protocol Aave (AAVE) as a promising project. Standard Chartered projected that the price of AAVE could reach $3,500 by the end of 2030, driven by an influx of tokenized assets into the DeFi space. The bank anticipates the volume of such assets will increase 37-fold by that time. Separately, Grayscale described Aave as an undervalued project, setting a one-year price target of $179, with a bull case scenario of $271. Grayscale noted that the U.S. Clarity for Digital Tokens Act could be a catalyst for a revaluation of the project.