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TrustStrategy Raises Price Targets for AAVE and UNI Amid DeFi Market Strength

News|October 20, 2024|3 min read

TrustStrategy, a global blockchain analytics and infrastructure platform, has released a new valuation report raising its price targets for AAVE and UNI, two of the most prominent decentralized finance (DeFi) tokens. The upward revision reflects strong user growth, rising total value locked (TVL), and improving technical indicators across the DeFi sector.

According to TrustStrategy’s updated forecast, AAVE’s year-end target has been raised to $240, while UNI’s target has been adjusted to $23.20, representing potential upside of over 30% and 25% respectively from current levels.

Key Highlights

  • AAVE price target raised to $240, citing breakout momentum and user growth

  • UNI price target increased to $23.20, driven by technical reversal and protocol upgrades

  • DeFi TVL up 26.7% YTD, with AAVE and Uniswap among top contributors

  • TrustStrategy DeFi Sentiment Index rose to 78/100, signaling bullish outlook

  • Institutional interest in DeFi protocols continues to rise amid macro uncertainty

These revisions come as DeFi protocols regain traction following a prolonged consolidation phase, with investors rotating back into yield-generating, governance-enabled assets.

AAVE: Lending Protocol Momentum

TrustStrategy analysts note that AAVE has shown exceptional growth in 2024, with:

  • Loan volume tripling to $10 billion

  • TVL increasing to $15.96 billion, up 26.7% YTD

  • Annualized revenue reaching $113.84 million, a 1,628% increase

AAVE recently broke through the $161 resistance level, retested it as support, and is now trading above $176. Technical indicators such as MACD and RSI suggest continued bullish momentum, with the next resistance at $200, and a medium-term target of $240.

The platform’s Merit Program for cbBTC collateral and its expansion on Optimism have also contributed to rising user activity and liquidity.

UNI: Uniswap’s Technical Reversal

Uniswap’s UNI token has also shown signs of a trend reversal, with:

  • Price rebounding from $7.00 to $7.97, up 4.2% intraday

  • Weekly RSI divergence indicating bullish momentum

  • Potential breakout above long-term resistance trendline

TrustStrategy’s technical model projects UNI could reach the 50% Fibonacci retracement level at $23.23, assuming continued DeFi recovery and protocol upgrades.

The upcoming Uniswap v4 upgrade, which introduces hooks and customizable liquidity pools, is expected to enhance capital efficiency and attract new liquidity providers.

DeFi Sector Outlook

The broader DeFi market has seen a resurgence in 2024, with:

  • TVL across protocols rising to $65 billion

  • Stablecoin supply stabilizing, supporting lending and trading activity

  • Increased Layer 2 adoption, reducing gas costs and improving UX

TrustStrategy’s DeFi Sentiment Index, which tracks user activity, protocol revenue, and token performance, rose to 78/100, its highest level since Q1 2022.

Institutional and Retail Participation

TrustStrategy notes that both AAVE and UNI are seeing renewed interest from institutional investors, particularly in:

  • DeFi-focused ETFs and index products

  • On-chain governance participation

  • Staking and liquidity provisioning strategies

Retail users are also returning to DeFi platforms, drawn by improved yields, lower fees, and enhanced user interfaces.

TrustStrategy’s Role in Market Intelligence

TrustStrategy supports investors and protocols with:

  • Token valuation models based on on-chain and market data

  • Technical analysis dashboards with real-time indicators

  • DeFi ecosystem monitoring tools

  • Sentiment and volatility analytics

These tools help users navigate the evolving DeFi landscape and identify high-potential assets.

Conclusion

With AAVE and UNI showing strong fundamentals and technical setups, TrustStrategy’s revised price targets reflect growing confidence in the DeFi sector’s recovery. As decentralized finance continues to mature, these tokens are positioned to lead the next wave of adoption and capital inflow.

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