Grayscale Research considers Aave's AAVE token undervalued, estimating its fair value between $80 and $100, compared to the current price of around $77. Their base-case price target for AAVE is $179 within one year, implying a potential gain of 132%. This valuation is based on Aave's role as a permissionless on-chain bank generating recurring revenue, with expected revenue of $60 million in 2026. The forecast assumes growth in stablecoin activity, institutional adoption, and partnerships, despite recent setbacks from a security exploit. Grayscale also provides bear and bull case targets of $90.91 and $270.57 respectively.
Grayscale Research values the AAVE governance token between $80 and $100, with a potential rise to $175 within a year, citing Aave's dominance in decentralized lending, controlling nearly half of all on-chain lending activity. The report highlights A...
Ethereum gained 2.75% for the second day, reaching $1,720, driven by positive news like a U.S.-Iran peace deal and the Strait of Hormuz reopening. Despite some concerns from rising exchange reserves, large withdrawals and whale purchases indicate str...
A major Ethereum whale with 131,000 ETH borrowed $10 million in USDe stablecoins from Aave to purchase 5,818 ETH at $1,719 each, continuing a pattern of leveraged ETH accumulation. This strategy uses DeFi leverage by borrowing stablecoins against exi...
