Aave logged its largest single-day wallet growth in nearly five years, with 1,806 new addresses created on Ethereum on June 30, according to on-chain analytics firm Santiment.

The surge lines up with a $3,500 price target on Aave (AAVE) from Standard Chartered, a bank that has repeatedly cut its own Bitcoin (BTC) and Ethereum (ETH) forecasts this year.

A Familiar Pattern of Forecasts

Standard Chartered initiated coverage of AAVE with a target implying nearly 50 times upside by 2030, built on an Aave $3,500 forecast tied to tokenized assets flooding decentralized finance (DeFi). The bank made a similar call on Uniswap (UNI) weeks earlier, and that forecast also triggered a…