Solana: VanEck is bullish and calls $520 by 2025

By Daniele Corno

Strongly positive forecasts for Solana by VanEck: According to the fund, SOL could reach $520 by 2025

Solana ready for new highs according to VanEck

The asset manager VanEck has released its expectations for the price of Solana in 2025.

Their objective is clear, the target price of SOL for 2025 is $520. According to the post shared on X, the target is based on the forecast of SOL’s market share compared to the Smart Contract Platform “SCP”.

Our Solana Price Target by the End of 2025 is $520

We value Solana (SOL) based on its projected year-end market share within the smart contract platform (SCP) market. Our SCP market cap forecast is derived from U.S. M2 money supply growth, given its strong historical correlation…

— VanEck (@vaneck_us) February 6, 2025

The fund forecasts an increase in the money supply of the United States “M2” up to a maximum of approximately $22,300 billion dollars, with an expected annual growth of +3.2%. The growth of monetary liquidity is a strong driver for the sector and is currently just a few percentage points from its all-time high.

Using a regression analysis, the fund estimates a capitalization of SCP (Securities Clearing and Settlement Systems) at around $1.1 trillion. This figure represents an expected growth of 43%, compared to the current value of $770 billion. This expected value exceeds the relative peak reached in November 2021, with a value of $989 billion.

Is Solana ready to take market share from Ethereum?

Over the past 3 years, Solana has given Ethereum a hard time for market share, reaching $100 billion in capitalization compared to $330 billion for Ethereum.

The SOL/ETH trading pair has grown enormously during this period. In 2023 it grew by +435%, in 2024 by +27% and in the first 40 days of 2025 it has already recorded a net +28%.

According to VanEck, this growth is set to continue. The fund estimates that Solana will account for 22% of other SCPs, up from the current 15%. This is a growing figure, supported by the increase in the number of developers, the growth of DEX shares, revenues and active users.

Based on this data, VanEck estimates that Solana will be worth $520 by the end of the year, based on 486 million tokens in circulation. With this forecast, the fund expects a +165% increase over current values, which at the time of writing are equal to $197.