Standard Chartered Releases Detailed Solana (SOL) Price Prediction, Targeting $275 by 2025

Standard Chartered has released a detailed Solana forecast, predicting the Solana price could reach $275 by the end of 2025

Standard Chartered has released a new report with a Solana price prediction that sees the cryptocurrency reaching $275 by the end of 2025 and continuing to rise to $500 by 2029.

The report, published on May 27, 2025, is authored by Geoffrey Kendrick, the bank’s digital assets research lead. At the time of the forecast, SOL was trading around $175.

According to Kendrick, Solana appears to be undervalued when considering Standard Chartered’s market cap-to-GDP model. He noted that Solana is currently trading “cheap” in relation to its on-chain activity and protocol revenue, while BNB was labeled “rich” due to its ties to Binance’s centralized exchange. The bank defines blockchain GDP as the revenue produced by all applications and services operating on the network.

While the report provides a bullish long-term Solana price prediction, it also includes a more cautious near-term view. This is due to limited growth drivers beyond trading and memecoins, which currently dominate Solana’s use cases.

Memecoin Dominance Impacts Solana Forecast In The Short Term

According to Kendrick, Solana’s ecosystem is largely driven by memecoin trading. He explained that the network’s low fees and high transactions per second have made it the leading platform for these tokens.

“This has certainly highlighted the network’s speed and scalability. However, in the context of broader trends, memecoin trading activity seems to be winding down and may have already peaked,” Kendrick added.

The report highlighted that a decline in this activity, coupled with Solana trading below its GDP potential, might limit its performance in the coming months.

“Decreasing usage and trading ‘cheap’ isn’t a good mix,” said Kendrick, referring to the drop in network activity and the undervalued state of the token.

For Solana to experience future growth, new sectors will need to gain traction, which, according to the report, could take several more years.

Financial applications, social platforms, and decentralized infrastructure projects are among the areas Solana may support in the future. However, Kendrick noted that these projects, most of which started during the 2021 decentralized finance expansion, are still maturing and have yet to generate significant on-chain revenue.

The report also includes a Solana vs Ethereum analysis, highlighting that Ethereum is expected to outperform Solana through at least 2027.

Kendrick projects that the ETH to SOL ratio could increase from 15 to 17 by the end of that year, reflecting Ethereum’s stronger position in terms of blockchain GDP and user adoption.

“Finally, while the potential for new use cases and sectors to emerge on Solana in the years after 2027 exists, it remains to be seen whether such sectors will expand at a rate sufficient to keep the network out of a ‘cheap’ valuation,” said Kendrick.

Overall, Standard Chartered’s report provides a unique perspective on the cryptocurrency market, considering not only price movements but also macroeconomic trends and the evolution of blockchain technology.