📊$SOL Standard Chartered Predicts $500 Solana by 2029—But Warns of ETH Dominance in Near Term

Standard Chartered projects that Solana (SOL) could hit $500 by 2029, citing its potential to dominate in high-speed DeFi, real-world asset tokenization, and decentralized physical infrastructure (DePIN). The forecast assumes Solana sustains uptime, scales validator decentralization, and captures a significant share of enterprise-grade use cases—particularly in payments and microtransactions.

However, the bank warns that Ethereum will likely outperform Solana in the short term. With Ethereum ETF approval and its dominant staking layer, ETH currently attracts more institutional capital, with a 5x higher market cap and 7x greater TVL. Solana still battles legacy concerns around past outages and validator centralization.

Geoff Kendrick, head of FX and crypto research at Standard Chartered, sees Ethereum’s ETF launch drawing near-term flows, while Solana could benefit secondarily as investors diversify within Layer-1s. The $500 target rests on the assumption that Solana evolves beyond meme narratives and becomes a backbone for tokenized Treasuries, gaming, and AI-data marketplaces.

The report builds on the bank’s earlier forecasts: $150K for $BTC and $8K for $ETH , now adding long-term Solana valuation to the institutional playbook. Still, execution risk remains. DePIN projects like Helium and Render must gain traction, and validator spread must improve to satisfy compliance-driven adoption.

Solana’s next cycle may be defined less by speculation and more by infrastructure maturity.

#AMAGE community, will Solana shed its ghost of outages and meme volatility—or are TradFi forecasts still too optimistic for crypto’s most controversial high-speed chain?