VanEck predicts that SOL will rise to $520 this year: MEV optimization and Dapprise help Solana's continued rise in revenue

Asset management company VanEck pointed out in a recent report that based on Solana's current proportion in the global Smart Contract platform (SCP), VanEck expects that Solana's coin price will rise to $520 by the end of this year. (Background information: SEC accepts Gray's Solana, LTC Spot ETF 19b-4 document application, and will approve or reject it no later than October this year () As an old public chain, Solana not only survived the bankruptcy storm of FTX exchange, but also relied on its ecological development and high performance in this round of Bull Market. On January 19, it once again set a historical high of $295.9, although the SOL coin price has fallen to $192 at the time of writing, its rise in the past year is still over 100%. SOL Coin Price Trend. Source: CoinGecko VanEck: Solana may reach $520 this year Against this background, asset management company VanEck pointed out in a recent report that based on Solana's current proportion in the global Smart Contract platform (SCP), it is expected that Solana's coin price will reach $520 by the end of 2025. In the report, VanEck's valuation model connects Solana's expected SCP market share (15%) with the US M2 Money Supply rise, and concludes that by the end of 2025, the M2 Money Supply will reach 22.3 trillion US dollars, and the total Market Cap of SCP will rise by 43% to 1.1 trillion US dollars, thus leading to a possible Market Cap of Solana rising to around 250 billion US dollars, and the price of SOL will correspondingly reach $520. Solana's revenue will continue to expand In addition, VanEck also pointed out that as of January 2024, Solana's various data in Layer1 are in a leading position, including DEX volume, chain revenue, and daily active wallet numbers, etc. VanEck predicts that Solana's annual revenue may continue to expand based on current trends, and its revenue sources include: Basic network fees; Network priority fees; MEV (maximal extractable value) income: expected to be optimized, and further promote revenue rise. Finally, VanEck also added that Solana's application ecology is also expanding. In terms of revenue from Decentralization applications, Ethereum's Dapp revenue ratio has dropped from 84% to 32% from 2022 to 2024, while Solana has soared from 0.26% to 42%. Therefore, if Solana can complete the optimization of MEV, its validator income may increase significantly, thereby leading to greater demand for SOL and further supporting the rise in SOL coin price. Related reports: HashKey Digital Asset Group Appoints Solana Founder as Advisor VanEck predicts that SOL will reach $520 this year: MEV optimization and Dapp rise help Solana revenue continue to rise This article was originally published on BlockTempo.