Bitwise Europe’s optimistic outlook for Solana underscores its capability to engage 11% of global blockchain users, potentially elevating its price by 30 times by 2030.

A Bitwise report released in January 2025 indicates that Bitwise Europe anticipates a significant price surge for Solana SOL, projecting an increase from its current value of $212 as of January 17 to $6,636 by 2030, representing an astonishing growth of over 3,000%, driven primarily by what the researchers are referring to as “the iPhone moment.”

Bitwise Europe likened Solana’s launch to that of the iPhone in 2007, explaining how Solana has developed speedy, affordable, and user-friendly platforms that allow non-blockchain users to thrive, similar to how the iPhone popularized mobile technology among the general public.

The report highlights that Solana currently holds a market share of 2.84% and is projected to gain 11.36% of global blockchain users, equating to approximately 113.6 million daily active addresses.

A line graph comparing the performance of crypto portfolios with varying Solana (SOL) allocations (10%, 20%, 30%, and equal-weighted with BTC/ETH) from 2020 to 2024. The graph shows that adding higher percentages of Solana led to significantly higher returns compared to an Ethereum/Bitcoin-only portfolio.
Historically, higher allocations of Solana have resulted in better performance compared to Ethereum and Bitcoin portfolios, as illustrated in this analysis. Source: Bitwise Europe

Owing to growing mainstream collaborations with significant names like Shopify and Stripe, along with a robust developer community, Bitwise Europe suggests that Solana’s network is poised for considerable expansion.

This positive sentiment is based on the network’s development, highlighted by a 239% rise in daily active accounts in 2023 despite adverse market conditions, and a staggering 2,800% growth in early 2024.

A line graph depicting the price performance of major smart contract platforms in 2024, including Solana, Ethereum, BNB Chain, Cardano, Tron, Avalanche, Polkadot, Near, and Aptos. Solana leads the group with a 325% increase, outperforming all competitors.
In 2024, Solana surpassed all competitors, achieving a remarkable 325% price increase and demonstrating its dominance over other leading smart contract platforms like Ethereum, BNB Chain, and Cardano. Source: Bitwise Europe

The report states that Solana’s efficiency outmatches nearly all Layer-2 solutions on the Ethereum (ETH) network. SOL attracts developers focused on decentralized applications because they can deploy their projects quicker and reach a broader audience.

SOL’s technical framework enables high-volume, low-latency applications ranging from decentralized exchanges to real-time trading, large-scale gaming, high-frequency trading, and real-time data streaming.

As an example, Serum, a decentralized exchange operating on Solana, announced in their roadmap 2.0 their plans to democratize DeFi. Additionally, Raydium, an automated market maker on the Solana blockchain, reported the highest monthly volume in November 2024, reaching 83.6 billion, according to DeFiLlama.

Bitwise Europe acknowledges that Solana supports a theoretical maximum of 65,000 transactions per second—a metric indicating how many individual operations a network can handle in one second—with transaction fees averaging just $0.08, making these applications viable from an economic standpoint.

Earlier this week, on January 15, Franklin Templeton released a report illustrating that seven out of the top ten AI agents operate on the Solana blockchain, a trend attributed to Solana’s capacity to process large transaction volumes efficiently and cost-effectively.