VanEck: If Solana regains market dominance, SOL may rise to $3,211 in a bull market in 2030

Asset management company VanEck simulated the scenario in the report that "Solana is the first blockchain to host applications with more than 100 million users." VanEck analyzed the Solana network from the perspectives of network revenue, user volume, DApp development, and network performance. The VanEck report stated that it used the VanEck standardized valuation framework to analyze Solana and predicted that the SOL token price could basically reach $335 in 2030. Despite its huge potential, VanEck believes Solana’s likelihood of hosting the majority of the world’s cryptocurrency transactions by 2030 is still lower than Ethereum’s. If Solana can avoid the Ethereum narrative and achieve Ethereum-like dominance, VanEck's bull market analysis framework shows that the revenue of the Solana network will reach $51.8 billion in 2030, with a SOL target price of $3,211. VanEck said Solana’s data throughput currently exceeds that of other existing blockchains, and Solana’s next major software upgrade, known as the Firedancer upgrade, promises to increase the capacity of the Solana network by 10 times.