Grayscale outlines a path for AAVE to reach ~$175 within one year

Grayscale Research says AAVE looks undervalued, estimating a baseline fair value of $80–$100 and a bull-case target of about $175 within one year if rules around tokenized real-world assets become clearer. The report projects roughly $60 million in protocol revenue this year using a discounted cash flow approach and notes AAVE was trading near $77 at the time cited. Grayscale also said it has pursued an SEC-approved Aave ETF, following its October 2024 launch of the Grayscale Aave Trust.