Solana’s Price Could Soar 3,000% by 2030, Driven by Its ‘iPhone Moment’

Bitwise Europe has projected a massive 3,000% growth for Solana (SOL) by 2030, with its price expected to surge from its current level of $212 to $6,636, largely due to what analysts are referring to as Solana’s “iPhone moment.” This term draws a comparison to the launch of the iPhone in 2007, which revolutionized mobile technology for the masses. Solana, much like the iPhone, has created a fast, cost-efficient, and user-friendly platform, which has made it appealing to both blockchain enthusiasts and non-blockchain users alike. This accessibility is expected to drive widespread adoption, positioning Solana for significant long-term growth.

The Bitwise Europe report notes that Solana currently holds 2.84% of the global blockchain market share and is projected to capture around 11.36%, translating into 113.6 million daily active addresses by 2030. This growth is fueled by the increasing number of mainstream partnerships, such as those with major players like Shopify and Stripe, as well as the expanding Solana developer ecosystem. The network’s ability to scale quickly and efficiently has helped it attract developers focused on decentralized applications (dApps), who benefit from Solana’s low latency and high throughput.

One of Solana’s key advantages is its ability to handle a large volume of transactions at an exceptionally low cost. With the potential to process up to 65,000 transactions per second, the network offers a significant edge over other blockchain networks, particularly Layer-2 solutions on Ethereum. The low cost of transactions, averaging around $0.08, makes Solana an attractive option for applications requiring high transaction throughput, such as decentralized exchanges (DEXs), gaming, and real-time data streaming.

Solana’s impressive performance is also evident in the increasing activity on its decentralized platforms. For example, Serum, a decentralized exchange built on Solana, has made strides in expanding the DeFi ecosystem, while Raydium, an automated market maker, recorded its highest-ever monthly trading volume in November 2024. Additionally, a recent report from Franklin Templeton highlighted that seven of the top ten AI agents run on the Solana blockchain, underscoring the network’s efficiency and scalability.

In summary, Bitwise Europe’s bullish outlook for Solana is underpinned by its growing real-world use cases, mainstream partnerships, technical efficiency, and the increasing adoption of decentralized applications on its platform. As the blockchain continues to scale and offer solutions for high-volume applications, Solana is poised for continued growth, with analysts projecting that its market share will increase substantially over the next decade.