Bitwise Europe's optimistic forecast for Solana highlights its potential to attract 11% of global blockchain users, causing its price to rise 30 times by 2030.

According to Bitwise for January 2025 a reportBitwise Europe gave a positive forecast for Solana SolWhich indicates a massive price rise from the current price of $212 as of January 17 to $6,636 by 2030, representing a growth of more than 3,000%, based mainly on what researchers call the “iPhone moment.”

Bitwise Europe compared Solana's debut to that of the iPhone in 2007. Solana built platforms that were fast, cost-effective and easy to use so that non-blockchain based people could thrive, just as the iPhone brought mobile technology to the masses, Bitwise Europe argues.

The report states that Solana's current market share is 2.84%, and it is expected to capture 11.36% of global blockchain users, which means 113.6 million daily active addresses.

With the expansion of mainstream partnerships with key players such as Shopify and Stripe, and its thriving developer ecosystem, the Solana network could see significant expansion, according to Bitwise Europe.

This optimism is driven by the network's growth, which includes a 239% increase in daily active accounts in 2023 despite challenging market conditions, and a massive 2,800% growth in early 2024.

According to the report, this level of efficiency outperforms almost every second layer in Ethereum (Ethereum) series. SOL is able to attract developers who build decentralized applications on its chain. This is because developers can not only publish faster, but can also serve a wider audience.

The report says SOL's technical architecture allows for high-volume, low-latency applications from decentralized exchanges, real-time trading, large-scale gaming, and high-frequency trading to real-time data streaming.

For example, Serum, a decentralized exchange running on Solana, was unveiled on its site Roadmap 2.0 What the platform will bring Decentralized finance To the masses. Furthermore, Raydium, an automated market maker for the Solana blockchain, achieved its highest monthly volume in November 2024 at 83.6 billion, according to DeFiLlama.

Bitwise Europe credits Solana for supporting a theoretical maximum of 65,000 transactions per second – a measure of how many individual transactions the network can process in one second – with average transaction costs of just $0.08, making these applications economically viable.

Earlier this week, on January 15, Franklin Templeton published a report an offer How seven of the top ten AI agents run on the Solana blockchain, largely due to Solana's ability to handle large amounts of transactions efficiently and at lower costs.