Prediction: Solana Will Be the Top Crypto for Decentralized Finance (DeFi) by 2030

The lines betwixt accepted concern and crypto concern proceed to blur, and that's bully quality for blockchain networks specified arsenic Ethereum (CRYPTO: ETH). It has go the apical crypto for decentralized concern (DeFi), and it's not adjacent close.

However, apical blockchain rival Solana (CRYPTO: SOL) is rapidly gaining connected Ethereum. So overmuch so, successful fact, that I'm predicting that Solana volition go the apical crypto for decentralized concern by 2030.

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Solana versus Ethereum

Ever since Solana launched backmost successful 2020, it has been highlighted arsenic a imaginable "Ethereum-killer." This is chiefly owed to the information that Solana offers blazing-fast transaction processing speeds and cheaper costs. In November 2023, Cathie Wood of Ark Invest specifically pointed to Solana's disruptive potential.

Nearly 3 years later, Solana is yet starting to present connected its aboriginal promise. Trading measurement connected its decentralized exchanges present surpasses that connected Ethereum's decentralized exchanges. In ample part, that's owed to speculative trading successful meme coins.

However, it's not each astir meme coin trading volume. According to 1 important DeFi metric -- full worth locked (TVL) -- Solana is present tied with BNB (CRYPTO: BNB) arsenic the second-leading blockchain network, with a 7% marketplace share. That's good down Ethereum's market-leading 53% marketplace share, but it's impervious that rivals are yet starting to spot distant astatine Ethereum's longtime dominance.

Importantly, successful high-growth areas specified arsenic stablecoins and real-world plus (RWA) tokenization, Solana has go the caller go-to blockchain for apical corporations and fiscal institutions. Case successful point: When Moody's (NYSE: MCO) launched its caller recognition ratings for tokenized assets, it launched connected Solana, not connected Ethereum.

What volition beryllium the interaction connected Solana's price?

The large question, of course, is what Solana's increasing prowess successful DeFi means for its price. From my perspective, Solana is tremendously undervalued astatine a existent terms of conscionable $70.

Back successful October 2023, for example, concern steadfast VanEck calculated bear, base, and bull-case scenarios for Solana. In the base-case scenario, Solana was worthy $335. In a bull-case scenario, Solana was worthy much than $3,200.

While those terms targets mightiness look wildly bullish successful 2026, with Solana down 45% for the year, VanEck was precise cautious successful laying retired its assumptions. One of those was that Solana could find a "killer app" for DeFi that's susceptible of attracting 100 cardinal users. In different words, Solana needs to find an app on the lines of ChatGPT, which skyrocketed to 100 cardinal users successful a substance of months.