Top asset manager VanEck has set a $520 price target for Solana (SOL) by the end of 2025, citing a projected 22% market share in the smart contract platform (SCP) sector. Currently, Solana holds 15% of the SCP market, but as developer activity, DEX volumes, and user adoption surge, VanEck expects its dominance to grow.
VanEck’s forecast is tied to U.S. M2 money supply growth, which has historically correlated with the crypto market’s expansion. The firm projects M2 to reach $22.3 trillion by 2025, boosting SCP’s total market cap to $1.1 trillion, a 43% increase from today’s $770 billion.
If Solana captures 22% of that market, its market cap would jump to $250 billion, implying a $520 SOL price, assuming a circulating supply of 486 million tokens.
January 2025 marked a major milestone for Solana’s on-chain growth, with several key metrics hitting all-time highs:
🔹 Real Economic Value (REV) surged to $552 million, making up 62% of all global on-chain transaction demand.🔹 Application revenue on Solana reached $517 million, accounting for 63% of total app revenue across all blockchains.🔹 DEX volumes skyrocketed to $339 billion, up 80% month-over-month, driven largely by memecoin trading activity.🔹 SOL-USD trading pair volume hit an all-time high of $86 billion, fueled by TRUMP memecoin and other assets.
Solana’s stablecoin ecosystem also saw massive growth, with circulating supply up 128% in January, reaching $11.4 billion.
🔹 USDC dominated the expansion, adding $5.3 billion, now making up 80% of Solana’s stablecoin supply.🔹 The rising USDC liquidity further strengthens Solana’s position in the DeFi ecosystem.
With increasing developer activity, booming DeFi adoption, and growing institutional interest, Solana is rapidly positioning itself as a dominant force in the SCP space.
VanEck’s $520 price target reflects confidence in Solana’s ability to capture an even larger market share. If current trends persist, SOL could be one of the top-performing cryptos by 2025.
The post VanEck Predicts $520 Solana Price by 2025 – Here’s Why appeared first on Cryptos Newss.
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