TechFlow news, on February 6, according to a recent report by VanEck, Solana currently accounts for 15% of the smart contract platform market capitalization and is expected to grow to 22% by the end of 2025, with SOL price potentially reaching $520.
The report noted that Solana's market cap expansion is primarily driven by its robust developer ecosystem, growing share of DEX trading volume, increasing revenue, and expanding base of active users. VanEck projects that the total market capitalization of smart contract platforms will grow by 43% to $1.1 trillion by the end of 2025.
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