Aave Jumps 15% as Standard Chartered Sets $3,500 AAVE Target for End of 2030

Aave climbed more than 15% in 24 hours to trade around $82.77, bucking a broad crypto selloff that dragged Bitcoin (BTC) below $60,000 for the third time in June. The move follows Standard Chartered initiating coverage on AAVE with a $3,500 price target by the end of 2030, according to BeInCrypto, citing the bank’s global head of digital assets research Geoff Kendrick, who called Aave an “on-chain bank” and pointed to a 37-times increase in assets active in DeFi. On-chain data also showed USDT deposits returning, with Aave’s Ethereum V3 Core market approaching $3 billion in stablecoin deposits.