Solana’s Price Surge: Could It Capture 11% of Blockchain Users by 2030?

LONDON, U.K. — Solana (SOL), the high-speed blockchain platform, is poised for exponential growth, with Bitwise Europe projecting a 30x price increase by 2030. The cryptocurrency, currently trading at $269.93, could reach $6,636, driven by its potential to capture 11% of global blockchain users, according to a report released Jan. 17, 2025.

Bitwise Europe likened Solana’s rise to the iPhone‘s debut in 2007, citing its fast, cost-effective, and user-friendly infrastructure as key factors in its success. The report highlights Solana’s ability to process 65,000 transactions per second at an average cost of $0.08, making it a preferred platform for decentralized applications (dApps).

“Solana has built fast, cost-effective, and user-friendly platforms so non-blockchain people can thrive, much like the iPhone introduced mobile technology to the masses,” said Bitwise Europe in its report. The blockchain’s market share is expected to grow from 2.84% to 11.36%, translating to 113.6 million daily active addresses by 2030.

In 2023, Solana saw a 239% increase in daily active accounts, despite challenging market conditions. Early 2024 has been even more explosive, with a 2,800% growth in network activity. This growth is attributed to partnerships with major players like Stripe and a thriving developer ecosystem.

Franklin Templeton’s Jan. 15 report further bolstered Solana’s prospects, revealing that seven out of the top ten AI agents run on the Solana blockchain. This is largely due to Solana’s ability to handle large volumes of transactions efficiently and at lower costs.

As of Jan. 18, 2025, Solana is trading at $239.77, up 17.36% in the last 24 hours. Analysts caution that while the current uptrend is strong, a reversal could cancel recent gains. However, sustained investor interest, marked by a 104.08% increase in trading volume to $13.18 billion, could drive prices higher.

Market participants are advised to avoid panic selling, which could disrupt price stability. If scalability issues are resolved, Solana’s adoption could meet the growing needs of its rapidly expanding network, solidifying its position as a leading blockchain platform.