Aave entered its largest single-day wallet size in nearly five years, with 1,806 new addresses created on Ethereum on June 30, according to on-chain analytics firm Santiment.
The increase coincides with a $3,500 price target on Aave (AAVE) from Standard Chartered, a bank that has repeatedly cut its forecasts for Bitcoin (BTC) and Ethereum (ETH) this year.
A Common Model of Forecasting
Standard Chartered launched AAVE coverage with a target that translates to about 50 times more in 2030, built on Aave $3,500 to predict tied to tokenized assets to flood decentralized finance (DeFi). The bank made a similar calls on Uniswap (UNI) last week, and the prediction caused another jump Uniswap online services before crying.
The same research desk reduce its 2026 Bitcoin goal from $150,000 to $100,000 with his cut The price of Ethereum 47%, from $7,500 to $4,000, within the same three months.
“We predict an increase in the price of digital products at the end of the year, and we think that Aave has passed the trend of April.”
Geoff Kendrick, Standard Chartered
That April event was the use of KelpDAO, which cost about $292 million and fed the KelpDAO uses collapse which briefly cut Aave’s deposits almost in half. Aave has relaunched the AAVE program under Aavenomics 3.0, it has been confirmed and founder Stani Kulechov, adding a direct investment method behind this movement.
Whether the new wallets turn into deposits and loans, rather than a short-term focus, could decide whether Aave’s growth rate exceeds Standard Chartered’s historic record.
A note Aave Wallet Growth Hits 5-Year High Even As Standard Chartered Revises Crypto Forecast appeared for the first time BeInCrypto.
