Bitwise Asset Management’s latest report projects Solana (SOL) reaching a price range of $2,318.90 to $6,636.88 by 2030, driven by anticipated growth in daily active addresses and its robust blockchain infrastructure.
The analysis applies Metcalfe’s Law to forecast Solana’s network expansion, outlining three scenarios: a bear case with 42.6 million daily active addresses (DAAs) growing at a compound annual growth rate (CAGR) of 35.1%, a base case of 71 million DAAs (47.2% CAGR), and a bull case of 113.6 million DAAs (59.1% CAGR). Bitwise believes Solana has the potential to outperform traditional blockchain platforms in scalability and transaction efficiency.
The report opens by saying,
“Solana stands out as a high-performance blockchain with a compelling investment thesis built on sustainable economics, developer innovation, and technological excellence.
Its monolithic architecture enables unmatched scalability, low fees, and superior user experience, while its staking model rewards active participants, creating a positive feedback loop for network security and token value.”
Other key highlights from the report include Solana’s 7 million peak daily active addresses, 75% dominance in daily transactions over Ethereum and its Layer 2 solutions, and a theoretical throughput of 65,000 transactions per second with sub-$0.10 fees. Its staking mechanism and network economics have generated $409 million in monthly revenue, while a growing developer ecosystem underpins the network’s resilience and innovation.
The report underlines Solana’s diversification potential, citing a correlation coefficient of 0.61 with Bitcoin and Ethereum and a beta of 1.90 to Bitcoin, signaling amplified returns in bullish markets.