TechFlow News, June 24: According to a CoinDesk report, Geoff Kendrick, Head of Digital Assets Research at Standard Chartered Bank, released a research report initiating coverage of the decentralized lending protocol Aave, assigning it a target price of $3,500 by end-2030—representing roughly a 50-fold increase from its current price of approximately $70—and forecasting that Aave will outperform both Bitcoin and Ethereum.
Kendrick stated that Aave has recovered from the KelpDAO rsETH bridge vulnerability incident in April 2026, during which attackers used roughly $290 million worth of stolen tokens as collateral to borrow real assets on Aave, exposing the protocol to up to $230 million in potential losses. Assets have since begun flowing back onto the platform, and Aave’s dominant position in on-chain lending remains solid.
Looking ahead, Standard Chartered expects the value of tokenized assets actively utilized in DeFi applications to grow 37-fold by 2030. Aave, with its revenue model directly tied to lending activity, stands to benefit directly. Additionally, Aave’s Horizon initiative—which supports tokenized real-world asset lending within permissioned environments—and the potential relaunch of its token buyback program are viewed as key catalysts.
