Standard Chartered expects Solana 's native token, SOL, to surge as much as 1,900% by the end of the decade, even after trimming its near-term price outlook.
The bank argues that the blockchain is evolving into a dominant rail for micropayments and stablecoin transactions.
In a research note shared with Decrypt, the bank cut its end-2026 Solana price target, but raised long-term forecasts sharply.
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Short-term pain, long-term conviction
Solana has struggled this year, sliding 19.8% over the past week and more than 53% year to date, according to CoinGecko.
The token is well below its $293 all-time high that it reached in January 2025 after a burst of on-chain activity tied to the launch of U.S . President Donald Trump's Official Trump (TRUMP) meme coin.
Despite the pullback, Standard Chartered's Global Head of Digital Assets Research, Geoff Kendrick, said the underlying use case mix on Solana is changing in ways that support a much higher long-term valuation.
"Flows on Solana's decentralized exchanges are starting to shift from memecoins toward SOL-stablecoin pairs,"Kendrick wrote.
He added that stablecoins on Solana are turning over 2-3 times faster than those on Ethereum.
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Why Standard Chartered sees a 1900% increase in SOL
The bank raised its intermediate targets, forecasting SOL at $400 by end-2027, $700 by end-2028, and $1,200 by end-2029.
But for the year 2030, it projects SOL to $2,000. At the current price of $100.71, it is about 1900% jump in price.
The new end-2030 projection marks the first time Standard Chartered has published a Solana price target that far out.
At the core of the bullish thesis is Solana's ultra-low transaction costs and high throughput, which Kendrick says make it uniquely suited for AI-driven micropayments. Some of these transactions, enabled by emerging protocols, average just $0.06, a level that is uneconomical on most blockchains.
Solana's median gas fee of roughly $0.0007 compares with about $0.015 on Base, allowing the network to process volumes that traditional finance systems, and even many blockchains, cannot handle profitably.
"AI-driven micropayments using stablecoins are starting to demonstrate that the order-of-magnitude cost reduction on Solana can enable entirely new markets to develop," Kendrick wrote, while cautioning that scaling these sectors will take time.
Related: Explained: What is a stablecoin?
To confirm that micropayments are becoming Solana's next dominant use case, Kendrick said he is closely tracking two indicators: the volume of stablecoin transfers on Solana and the velocity of those stablecoins.
Standard Chartered also expects Solana to outperform Bitcoin through 2030, even as near-term headwinds persist.
Kendrick noted that Solana is "no longer trading as cheap" on Standard Chartered's market cap-to-GDP metric, which the bank likens to a price-to-earnings ratio for crypto assets. He said this likely reflects the shift away from memecoins toward SOL-stablecoin activity, a transition that could ultimately support much higher prices.
However, Standard Chartered has cut its end-2026 SOL price target to $250 from $310.
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This story was originally published by TheStreet on Feb 3, 2026, where it first appeared in the Trading News & Analysis section. Add TheStreet as a Preferred Source by clicking here.
