Analysts at the VanEck management company believe that the Solana blockchain will become the first network to reach 100 million users, and the value of its SOL coin will increase from $32 to $3,211 by 2030.

Experts say that Solana is becoming Ethereum’s strongest competitor and may well surpass the second cryptocurrency in terms of capitalization. At the same time, in the future, the Solana network is able to distance itself from Ethereum in order to emphasize its advantages – fast transaction processing speed and scalability.

Currently, the total amount of funds blocked in projects based on the Solana blockchain is $378. Since the beginning of the year, the rate of the SOL coin has increased by 200% and the cryptocurrency is now trading at $32. However, according to analysts at VanEck, there could be some pullback in SOL in the near future and the coin could fall below $30.

In early October, Solana Labs developers deployed update 1.16, which introduced support for confidential transactions.

Previously, VanEck analysts said that by 2030 ether will reach a price of $11,850, and in the best case it could cost $51,000. The new report talks about $13,000 per ETH coin.