HomeSolanaStandard Chartered Sees Solana Shifting Beyond Memecoins Toward Payments

Standard Chartered Sees Solana Shifting Beyond Memecoins Toward Payments

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  • Standard Chartered set SOL $250 target for 2026 and $2,000 forecast for 2030.
  • Solana stablecoin turnover is 2–3x higher than Ethereum, per report data.
  • Bank links Solana growth to low fees and shifts toward payment use cases.

Standard Chartered has revised its Solana outlook as blockchain usage shifts across different applications. The bank now links SOL’s future value more closely with payment activity and stablecoin transfers.

It also reduced its near-term price target while keeping a higher long-term forecast. The report focuses on how network usage is changing beyond trading and memecoin-driven demand.

Solana Moves Beyond Memecoin Activity

Standard Chartered reports that Solana is shifting away from memecoin driven activity. The network now shows more use in stablecoin transfers and payments. This change reflects broader user behavior on the chain.

According to CryptosRus The ~$1T bank says $SOL is evolving from memecoin trading to stablecoin micropayments, with ultra-low fees enabling high-frequency use. This view connects lower costs with more frequent transactions. It also links network speed with payment growth.

Memecoin trading still exists on Solana. However, its share in total activity is now lower. At the same time, payment related activity is increasing across the network.

Developers and users are also exploring more stablecoin based tools. These tools support faster and cheaper transfers. As a result, usage patterns continue to shift over time.

Stablecoin Usage Gains Traction

Stablecoin movement on Solana is rising at a faster rate than on Ethereum. The report states turnover is about two to three times higher. This shows more frequent transfer activity on the network.

Lower transaction costs support this trend. Users can send small amounts without high fees. Therefore, repeated transfers become more practical.

In addition, fast settlement times support daily use. Payments can clear quickly across wallets. This helps stablecoins function in real time use cases.

More users are also holding stablecoins on Solana. This creates steady on-chain activity. It also supports growth in payment related services.

Bank Sets Price Targets for SOL

Standard Chartered has set a price target of $250 for SOL by the end of 2026. This is lower than its earlier estimate of $310. The revision reflects updated market conditions.

The bank also projects a longer term target of $2,000 by 2030. This forecast depends on continued growth in network usage. It also assumes stronger stablecoin adoption.

Market expectations are tied to real transaction demand. Therefore, user activity plays a key role in valuation. Both retail and institutional flows are considered in the outlook.

Price movement may also depend on network performance. Stability and speed remain important for adoption. These factors influence confidence in long term usage.

Payment Use Cases Drive Network Growth

Solana’s design supports high transaction speed and low fees. This makes it suitable for micropayments. It also supports frequent digital transfers.

Stablecoin payments are becoming more common on the network. These include small commerce payments and remittances. As a result, daily usage continues to grow.

In addition, businesses are testing blockchain based payment systems. These systems rely on fast settlement times. They also require low cost transfers for scale.

Network upgrades continue to support higher demand. Developers focus on improving reliability and throughput. This helps maintain performance under heavier usage.

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Peter Mwenda
Peter Mwendahttp://livebitcoinnews.com
Peter Mwenda is a skilled crypto journalist and expert in blockchain technology, digital assets, and decentralized finance. He has a talent for translating complex concepts into engaging informative content. With a deep understanding of the industry, Peter delivers accurate analysis that appeals to beginners and seasoned enthusiasts.

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