VanEck Report: If Solana can achieve dominance in the crypto market, SOL may rise to $3,211 by 2030

ChainCatcher news, asset management company VanEck released a report stating that after applying VanEck's standardized valuation framework to Solana, it shows that SOL could achieve a value of $335 per token by 2030. Despite the huge potential, VanEck believes that the likelihood of Solana hosting the majority of global cryptocurrency transactions by 2030 is still lower than that of Ethereum. If Solana can avoid the Ethereum narrative and achieve a similar dominant position, VanEck's bull market analysis framework indicates that the revenue of the Solana network will reach $51.8 billion by 2030, with a target price for SOL of $3,211.

It is reported that in this report, VanEck simulated the scenario of "Solana being the first blockchain to host over 100 million users' applications." In the report, VanEck conducted a comprehensive analysis of the Solana network from various perspectives, including network revenue, user base, dApp development, and network performance.

VanEck stated that currently, Solana's data throughput exceeds that of any other existing blockchain, and Solana's next major software upgrade (called the Firedancer upgrade) promises to increase the capacity of the Solana network by another 10 times. The upgraded Solana network's throughput could reach nearly 1,000 times that of Ethereum 2.0, and 12.5 times that of new public chains using the Move language, such as Aptos and Sui.