Jon Ma, co-founder and CEO of Artemis, just lit up X with a Solana financial model that's got everyone talking. In his viral post from October 31, 2025, Ma predicts $SOL will trade like oil & gas stocks once Wall Street catches on to blockchain fundamentals.

The big idea? As finance goes onchain, Solana turns into a cash cow. Tokenization markets explode from $600B today to $9T by 2030 (per BCG projections). Solana grabs its slice, raking in real revenue from fees – enough for an $880B+ network valuation.

DM Jon for the full model if you're deep in the game. But let's break it down step-by-step like a pro.

The 4 Key Drivers Fueling Solana's Growth

Ma's model hinges on conservative assumptions anyone bullish on onchain finance can get behind:

1. AUM (TVL) Share of Tokenization: 5% of the $9T tokenization pie in 2030 = $450B TVL on Solana.
2. Velocity Multiple: 55.6x annual turnover on AUM (just 1/3rd of today's DeFi velocity – super realistic).
3. Revenue Take Rate: 40 bps (0.4%) from base fees + priority fees + Jito tips on global transfer volume.
4. Inflation Decay: Drops 15% annually, slashing supply pressure.

Result? $16.9B annual revenue by 2030. At a 25x PE multiple (base case), that's $422B market cap today – but wait for the projections...

2030 $SOL Price Targets: Bull, Base, Bear

Scenario	2030 PE Multiple	2030 Market Cap	$SOL Price	Cumulative Return	IRR
Bull	50x	$17.8T	$1884	454%	45.3%
Base	25x	$8.7T	$965	159%	23.2%
Bear	10x	$3.5T	$593	34%	12.5%

Even the bear case? $593 $SOL. From today's ~$185, that's 3x+ upside. Bull case? 10x moonshot.

Revenue Ramp-Up: From $1M to $17B

• 2022: $1.6M revenue (baby steps).
• 2025: $1.7B (explosion via TradFi volume).
• 2030: $16.9B – COGS just 1.9%, L1 take rate 0.6%.

YoY growth? 41%+ on average. Transfer volume hits $117T yearly – fueled by tokenized assets whizzing around Solana's blazing network.

Why This Matters for Meme Traders & Builders

Solana isn't just memecoins – it's the backbone. Higher $SOL valuation = stronger ecosystem for Pump.fun, Jupiter, and your favorite degen plays.

• Memes pump harder on profitable L1.
• Institutional TVL stabilizes pumps.
• Jito MEV juices priority fees.

Mert from Helius chimes in: "There's no reason for Solana to be below a trillion." Spot on.

Risks? Yeah, But Manageable

• Competition from ETH L2s, Sui.
• Regulatory hurdles for tokenization.
• Network congestion – but Firedancer fixes that.

Ma's thesis? Fundamentals win. Wall Street will DCF blockchains like Exxon or JPM.

Bullish on $SOL? Grab the model, run your sensis, and position up. Solana summer extends to 2030.

What’s your 2030 $SOL target? Drop it below – and follow Meme Insider for more meme token alpha + blockchain deep dives.

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