Prediction Made by Standard Chartered Bank: Could Solana's Value Reach $500 by 2029?
In a recent analysis, international banking firm Standard Chartered has expressed optimism about the growth potential of Solana, a blockchain project known for its speed and efficiency. By the end of 2025, the firm predicts that Solana's value could reach $275, and it could potentially reach $500 by 2029.
Geoffrey Kendrick, the global head of digital asset research at Standard Chartered, has offered a positive perspective on Solana's growth potential. He believes that Solana's natural growth potential is driven by technical characteristics that set it apart in the market.
Solana and Ethereum, another major player in the blockchain ecosystem, are different projects with distinct approaches. However, their comparison helps better understand their context and potential. Understanding the differences between the two is key to predicting trends and opportunities in the cryptocurrency market.
Solana is recognised for its ability to process many transactions quickly and at low costs. This ability results in lower fees and greater efficiency, making it an efficient option for developers and users.
The optimistic view of Solana's growth potential is driven by several key factors:
- Ecosystem Expansion in DeFi and NFTs: Solana's blockchain supports ultra-fast transaction throughput with very low fees, enabling decentralized exchanges (DEX) on Solana to rival or even surpass Ethereum’s trading volumes at times. The total value locked (TVL) in Solana’s DeFi projects is expected to grow significantly as new protocols launch and liquidity returns with market recovery.
- Institutional Adoption and Real-World Payment Use: Major companies like Visa have expanded stablecoin payment pilots on Solana, highlighting the network's suitability for fast, cross-border payments. More institutional interest in Solana's rails for finance is anticipated, potentially increasing real-world transaction volumes and adoption.
- Launch of Spot Solana ETFs: Standard Chartered notes a high probability (95%) of new spot Solana ETFs launching in 2025, fueled by a more crypto-friendly regulatory stance. This could trigger substantial inflows of new capital — JPMorgan Chase estimates $3 billion to $6 billion could flow into Solana after ETF approval, mirroring the capital surge seen with Bitcoin ETFs.
- Strong On-Chain Metrics and Price Momentum: Solana’s total value locked (TVL) recently hit a 3-year high, reflecting sustained ecosystem growth through late 2024 into 2025. On-chain activity is robust, supporting bullish price action with recent price rallies toward $200.
Standard Chartered therefore projects Solana could reach a market capitalization of $500 billion and a price around $500 within five years—placing it among the top cryptocurrencies alongside Bitcoin and Ethereum.
A significant growth of Solana could enhance competition in the smart contract and DeFi space, potentially challenging Ethereum’s dominance in decentralized finance and NFTs. Institutional adoption and ETF inflows could push crypto into more mainstream investment portfolios, increasing overall market liquidity and stability.
Innovations in scalability, transaction speed, and low fees demonstrated by Solana may accelerate broader blockchain adoption for real-world use cases such as payments and decentralized exchanges. The success of Solana ETFs could pave the way for broader regulatory acceptance of crypto investment products, benefiting the whole market.
However, it's worth noting that Solana may experience a slight lag compared to Ethereum in the short term, primarily due to its dependence on memecoins. Reducing dependence on memecoins and diversifying use cases could solidify Solana's market position in the medium to long term.
Emerging new use cases and applications on Solana's platform are strengthening its momentum. By the end of 2025, Standard Chartered predicts that Solana could reach a value of $275. The success of Solana in the coming years could significantly impact the broader future trajectory of the cryptocurrency market, reflecting its technical strengths, growing ecosystem, institutional interest, and regulatory tailwinds.
- The growth in Solana's value to $275 by the end of 2025, as predicted by Standard Chartered, can be attributed to the expanding DeFi and NFT ecosystem on its blockchain, institutional adoption for real-world payments, the launch of spot Solana ETFs, and robust on-chain metrics.
- The potential for Solana to reach a price of $500 and a market capitalization of $500 billion within five years, as proposed by Standard Chartered, is supported by its technical characteristics, growing ecosystem, institutional interest, and favorable regulatory environment, which could make it an attractive option for investors in the finance sector, contributing to increased competition in the smart contract and DeFi space.
