Global banking giant Standard Chartered has issued a revised outlook for Solana (SOL), lowering its near-term price target while maintaining a bullish long-term forecast, as the network's usage shifts from memecoin trading toward stablecoin payments and micropayments.
The bank now sets a price target of $250 for SOL by the end of 2026, a reduction from its previous estimate of $310. However, it projects a significantly higher target of $2,000 by 2030. This long-term forecast is contingent on continued growth in network usage and stronger stablecoin adoption.
The core of the bank's analysis hinges on a fundamental shift in Solana's on-chain activity. According to the report, Solana is evolving beyond memecoin-driven demand, with stablecoin transfers and payment-related use cases gaining substantial traction. The report highlights that stablecoin turnover on Solana is currently 2–3 times higher than on Ethereum, signaling more frequent transfer activity.
Standard Chartered attributes this shift to Solana's key technical advantages: ultra-low transaction fees and high throughput. These features make the network particularly suitable for high-frequency, small-value transactions like micropayments, remittances, and small commerce payments. The bank links Solana's future value more closely to this growing payment activity.
While memecoin trading still exists on the network, its share of total activity has decreased. Meanwhile, developers and users are increasingly exploring stablecoin-based tools that leverage Solana's speed and low costs. The bank's outlook suggests that real transaction demand from both retail and institutional users, supported by network stability and performance, will be a primary driver of SOL's valuation moving forward.
