Aave Records Strongest Daily Wallet Additions Since 2021 on Ethereum
Aave saw 1,806 new Ethereum wallet addresses created on June 30 — its highest single-day growth in nearly five years — as Standard Chartered set a $3,500 price target on AAVE with a 2030 outlook tied to DeFi tokenization.
Aave registered 1,806 new wallet addresses on Ethereum in a single day on June 30, marking the protocol's highest network growth figure in nearly five years, according to on-chain analytics firm Santiment. The spike coincides with a $3,500 price target for AAVE issued by Standard Chartered, which initiated coverage of the token with a forecast implying nearly 50 times upside by 2030.
Standard Chartered's bullish AAVE call is tied to the anticipated expansion of tokenized assets within decentralized finance (DeFi). The bank made a comparable move weeks earlier when it set a price target on Uniswap (UNI), an event that also preceded a brief surge in Uniswap network activity before momentum faded.
The same research team at Standard Chartered has significantly revised its outlooks on other major digital assets within the same three-month window. The bank reduced its 2026 Bitcoin (BTC) target from $150,000 to $100,000 and cut its Ethereum (ETH) forecast by 47%, lowering it from $7,500 to $4,000.
Geoff Kendrick, head of digital assets research at Standard Chartered, stated: «We forecast significant upside for digital asset token prices into year-end, and we think Aave has moved beyond the April incident.» The 'April incident' refers to the KelpDAO exploit, which drained approximately $292 million from the protocol and caused Aave's total deposits to fall by nearly half in a short period.
Since the exploit, Aave has taken steps to restore confidence and reinforce token fundamentals. Founder Stani Kulechov confirmed the relaunch of the AAVE buyback program under the Aavenomics 3.0 framework, introducing a direct mechanism that channels protocol revenue back into the token.
Santiment's data, shared on July 1, 2026, highlighted that AAVE on Ethereum closed June with its strongest network growth day since 2021. The metric tracks newly created addresses interacting with the protocol for the first time within a 24-hour period.
The key question facing analysts and market observers is whether the spike in new wallets will translate into sustained deposit and borrowing activity, or whether it represents short-term attention driven by the Standard Chartered announcement. The bank's mixed forecasting record on BTC and ETH in recent months adds context to how its AAVE target may be received by the broader market over time.
