Why Solana Could Skyrocket 3,000% by 2030: The Next iPhone Moment?

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According to Bitwise Europe‘s optimistic outlook, Solana has a strong possibility of attracting 11% of the worldwide blockchain user base by the year 2030. This growth in adoption could potentially escalate its price value up to 30 times the current level.

Based on a report published in January 2025 by Bitwise, Bitwise Europe anticipates a significant surge in the price of Solana SOL. This projected increase could see the current price of $212 (as of Jan. 17) soar to an astonishing $6,636 by 2030, representing a growth of more than 3,000%. This optimistic outlook is largely attributed to what analysts are referring to as “the iPhone moment”.

In simpler terms, Bitwise Europe likens Solana’s entry into the scene to that of the iPhone in 2007. Just as the iPhone made advanced mobile technology accessible to ordinary people, Solana has developed swift, affordable, and user-friendly platforms, allowing those unfamiliar with blockchain technology to prosper. This is according to Bitwise Europe’s discussion.

Solana’s real-world use cases driving adoption

According to the data presented in the report, Solana presently occupies a market share of 2.84%. However, predictions suggest that this figure could potentially increase to 11.36%, translating to approximately 113.6 million daily active addresses associated with global blockchain users.

As a researcher, I’m excited about the potential growth of Solana’s network, given our strategic collaborations with prominent partners such as Shopify and Stripe, and the vibrant community of developers that we host. According to Bitwise Europe, these factors could lead to substantial expansion for our network.

The positive outlook stems from the expansion of this network, as evidenced by a substantial 239% surge in daily active users in 2023 amidst tough market situations. Furthermore, an unprecedented 2,800% growth was observed during the early months of 2024.

The report indicates that this efficiency surpasses almost all Layer-2 solutions within the Ethereum network. Solana (SOL) has been successful in drawing in developers who create decentralized applications on its platform. This is due to the fact that developers can deploy more swiftly, and in turn, reach a broader user base.

According to the report, SOL’s technical design supports numerous applications that require speed, such as those used in decentralized markets, real-time trading, massive multiplayer games, rapid-fire trading, and live data broadcasting.

In other words, Serum, a decentralized exchange operating on the Solana network, outlined in their 2.0 roadmap plans to make DeFi (Decentralized Finance) accessible for all. Moreover, Raydium, an automated market maker built on Solana’s blockchain, reportedly recorded the highest monthly trading volume of approximately $83.6 billion in November 2024, as per DeFiLlama’s data.

In simpler terms, Bitwise Europe acknowledges Solana’s ability to potentially handle up to 65,000 transactions simultaneously each second, which is a measure of how many operations a network can perform in one second. Remarkably, the average cost for these transactions is only $0.08, making it financially feasible for various applications.

This past week, on January 15th, I came across a fascinating report from Franklin Templeton. The report highlighted that an impressive seven out of the top ten AI agents operate on the Solana blockchain, primarily due to its exceptional capability in managing high transaction volumes swiftly and economically.

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2025-01-17 09:38