Solana’s Potential to Capture 11% of Global Blockchain Users

A recent report from Bitwise Europe has painted a bullish picture for Solana, predicting its price could surge 30 times by 2030. According to the report, this growth is largely driven by Solana’s ability to capture 11.36% of global blockchain users, translating to 113.6 million daily active addresses.

The “iPhone Moment” for Solana

Bitwise Europe draws parallels between Solana’s emergence and the introduction of the iPhone in 2007. Just like the iPhone made mobile technology accessible to the masses, Solana has built fast, cost-effective, and user-friendly platforms that cater to non-blockchain users. This “iPhone moment” is expected to drive Solana’s adoption and price growth.

Real-World Use Cases and Mainstream Partnerships

Solana’s real-world use cases, coupled with its expanding mainstream partnerships, are expected to drive its network’s growth. Key partnerships with players like Shopify and Stripe, along with a thriving developer ecosystem, are likely to contribute to this growth. The network’s ability to process high-volume, low-latency applications makes it an attractive choice for developers building decentralized applications.

Some notable examples of Solana’s use cases include:

  • Serum, a decentralized exchange running on Solana, aims to bring DeFi to the masses.
  • Raydium, an automated market maker on the Solana blockchain, recorded the highest monthly volume in November 2024.
  • Seven out of the top ten AI agents run on the Solana blockchain, largely due to its ability to handle large volumes of transactions efficiently and at lower costs.

Technical Architecture and Performance

Solana’s technical architecture allows for high-volume, low-latency applications, making it an attractive choice for developers. The network’s ability to support a theoretical maximum of 65,000 transactions per second, with transaction costs averaging just $0.08, makes these applications economically viable.

Historically, higher allocations of Solana have delivered stronger performance compared to Ethereum and Bitcoin portfolios. In 2024, Solana outperformed all competitors, achieving a 325% price increase.

Stay up-to-date with the latest news and trends in the cryptocurrency space on Global Crypto News.

Post Views: 1