Solana’s (SOL) memecoin-driven repute might quickly give approach to a deeper function in digital funds, in accordance to a brand new report from Standard Chartered’s head of crypto analysis, Geoffrey Kendrick.
Given SOL’s recent plunge to the $100 stage, Kendrick has lower his worth forecast for SOL to $250 from $310 by the top of 2026. Kenrick, nevertheless, stays a bull, seeing a path to $2,000 by 2030, fueled by Solana’s rising function in stablecoin-based micropayments.
The financial institution describes Solana as shifting past its “one-trick pony” picture. In 2025, practically half of Solana’s protocol charges got here from memecoin buying and selling on decentralized exchanges. However information now reveals a shift in buying and selling flows — from meme tokens to SOL-stablecoin pairs — suggesting that new makes use of are rising. Stablecoin turnover on Solana now considerably outpaces Ethereum (ETH), pointing to a distinct sort of exercise: high-frequency, low-cost transactions.
One instance is x402, a platform created by Coinbase (COIN) to help micro-sized, AI-driven funds utilizing stablecoins. The common transaction on x402 is simply six cents. Base, Coinbase’s personal Layer 2 community on Ethereum, has hosted many of the quantity to date, however its charges could also be too excessive for long-term viability. Solana’s decrease fuel charges — usually lower than a cent — make it higher suited to such functions, Kendrick stated.
Micropayments, usually unviable in conventional finance due to mounted per-transaction charges, might unlock new kinds of web providers, from machine-to-machine funds to social apps with built-in pay-per-use options. Solana’s technical strengths place it to function the backend for this type of infrastructure.
Standard Chartered additionally factors to rising institutional curiosity. Since October 2025, the Bitwise BSOL ETF has absorbed 78% of all internet inflows into SOL-related ETFs, bringing over 1% of the overall provide below ETF administration, in accordance to Geoffrey. In the meantime, digital asset treasuries now maintain practically 3% of SOL.
Kendrick’s revised targets now undertaking SOL at $400 in 2027, $700 in 2028 and $1,200 in 2029.
Learn extra: Solana Could Hit $275 by Year-End, $500 by 2029-End: Standard Chartered
