Bitwise Predicts Solana Could Hit $6,600 by 2030 Amid Blockchain Growth

SAN FRANCISCO, Calif. — Bitwise Asset Management has projected that Solana (SOL), a high-performance blockchain platform, could reach a price range of $2,318.90 to $6,636.88 by 2030, driven by anticipated growth in daily active addresses and its robust infrastructure. The forecast, released on Jan. 16, 2025, highlights Solana’s potential to outperform traditional blockchain platforms in scalability and transaction efficiency.

The analysis applies Metcalfe’s Law to predict Solana’s network expansion, outlining three scenarios: a bear case with 42.6 million daily active addresses (DAAs) growing at a compound annual growth rate (CAGR) of 35.1%, a base case of 71 million DAAs (47.2% CAGR), and a bull case of 113.6 million DAAs (59.1% CAGR). Bitwise emphasized Solana’s unique architecture, which enables unmatched scalability, low fees, and a superior user experience.

“Solana stands out as a high-performance blockchain with a compelling investment thesis built on sustainable economics, developer innovation, and technological excellence,” the report stated. “Its monolithic architecture enables unmatched scalability, low fees, and superior user experience, while its staking model rewards active participants, creating a positive feedback loop for network security and token value.”

Key highlights from the report include Solana’s 7 million peak daily active addresses, 75% dominance in daily transactions over Ethereum and its Layer 2 solutions, and a theoretical throughput of 65,000 transactions per second with sub-$0.10 fees. The platform’s staking mechanism and network economics have generated $409 million in monthly revenue, while a growing developer ecosystem underpins its resilience and innovation.

Bitwise also noted Solana’s diversification potential, citing a correlation coefficient of 0.61 with Bitcoin and Ethereum and a beta of 1.90 to Bitcoin, signaling amplified returns in bullish markets. The report comes as Solana’s price reclaimed the $200 mark, following a steady upward move from a base above $175. As of Jan. 16, 2025, SOL is trading above $195, with resistance levels identified at $205 and $212.

Hunter Horsley, Co-founder and CEO of Bitwise Asset Management, emphasized the platform’s potential, stating, “Solana’s unique consensus algorithm, Proof of History, positions it as a leader in blockchain scalability and efficiency.”

However, the report also cautioned that if SOL fails to rise above the $205 resistance, it could face another decline, with initial support near $196 and major support at $190. A break below $185 might send the price toward the $172 level.