Standard Chartered Predicts Solana to Reach $275 by 2025

Standard Chartered has released a comprehensive forecast for the cryptocurrency Solana, predicting that its price could reach $275 by the end of 2025 and further rise to $500 by 2029. This forecast was published on May 27, 2025, by Geoffrey Kendrick, who leads the bank’s digital assets research. At the time of the forecast, SOL was trading around $175.

Kendrick's analysis suggests that Solana is currently undervalued based on Standard Chartered’s market cap-to-GDP model. He noted that Solana trades at a lower value compared to its on-chain activity and protocol revenue, while BNB is considered overvalued 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.

Despite the bullish long-term outlook, the report cautions about short-term underperformance. Kendrick highlighted that Solana's ecosystem is heavily reliant on memecoin trading, which has positioned it as a leading platform for these tokens. However, he warned that this activity may have peaked and could decline, potentially limiting Solana's near-term performance. The report suggests that Solana's future growth will depend on the development of new sectors, which could take several years to mature.

Financial applications, social platforms, and decentralized infrastructure projects are among the areas where Solana may see future growth. However, Kendrick noted that these projects, which started during the 2021 decentralized finance expansion, are still in their early stages and have yet to generate significant on-chain revenue.

The report also compares Solana to Ethereum, predicting that Ethereum will likely outperform Solana through at least 2027. Kendrick projects that the ETH to SOL ratio could climb from 15 to 17 by the end of that period, reflecting Ethereum’s stronger position in terms of blockchain GDP and user adoption. He emphasized that Solana may continue to trade below its GDP due to limited application usage beyond speculative trading. The next few years will be crucial in evaluating whether Solana can expand into sectors with more sustained activity and revenue generation.

In addition to the Solana forecast, the report includes market forecasts for other major cryptocurrencies. Kendrick expects Bitcoin to reach $200,000 by 2025 and $500,000 by 2028, and Ethereum to reach $4,000 by the end of 2025. Projections for other digital assets include BNB reaching $2,775 by 2028, XRP at $12.50, and Avalanche’s AVAX at $250 by 2029. The report also projects that stablecoin market capitalization could reach $2 trillion by 2028, driven by wider institutional usage and demand for on-chain settlement.

All forecasts are presented with clear timelines and based on activity levels, adoption trends, and revenue projections within blockchain networks. Kendrick confirmed that neither he nor the crypto research team holds any digital assets, ensuring the analysis was not influenced by personal positions. Standard Chartered’s Solana forecast is among the few long-range analyses provided by a traditional financial institution, offering clear price expectations for SOL, comparisons with Ethereum and other networks, and detailed commentary on blockchain GDP, memecoin saturation, and upcoming sector opportunities.