Solend Price Prediction 2023, 2025 and 2030. Is SLND A Good Investment?

What Is Solend (SLND)?

Solend is a decentralised algorithmic borrowing and lending platform on Solana, which was released by a team of anonymous founders.

Since Solend runs on the Solana blockchain, the fees are much cheaper, and the transactions are processed up to 100x faster than other borrowing and lending platforms like AAVE or Compound, which are built on the Ethereum blockchain.

Ethereum is notorious for its high gas fees and being an overloaded network. With Solend, users can earn interest, borrow and lend assets, and leverage long (buying an asset and selling it later when the price goes high) and short (selling an asset hoping it will fall in value so you can repurchase it at a lower price). Next, we talk about solend price predictions for 2023, 2025 and 2030.

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How To Get Started In SLND token?

Since Solend runs on Solana, you’ll need a wallet which supports Solana, like Phantom. You also need some SOL in your wallet as it will be used for paying transaction fees.

Lending On Solend

Once you’ve connected your wallet, you can deposit your assets for lending and receive a yield (AKA Supply APY) on those assets.

Suppliers receive an APY (annual percentage yield) from the borrowers. The borrow APY is then split across the entire pool of supplied assets.

The calculation is as follows:

Supply APY = Borrow APY x Utilisation. For example, if there is 20 ETH in a pool, and 10 ETH is lent out at 20% APY, the suppliers of the 20 ETH will receive 10% APY each.

The APY is given as the same token as originally supplied: if you have supplied BTC, you will earn yield in BTC, and the same goes for any other supplied asset.

Also, lenders get Liquidity Mining rewards on the following assets:

• SLND
• UST
• stSOL
• mSOL

These Liquidity Mining rewards are collectable on the 3rd of every month at UTC Midnight.

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Borrowing On Solent

You can use your deposited assets as collateral for a loan. When you are borrowing, you are paying a borrow APY to the pool (the users who have supplied the assets).

On most of the tokens, such as SOL or USDC, borrowers also receive SLND rewards for borrowing, which can be claimed monthly at the same time mentioned above (3rd of every month, UTC midnight). The good news, there is no deadline for returning your loans!

Solend Tokenomics

Solend’s IDO happened on Nov 1, 2021, and ended on Nov 3, 2021. The target was to raise $6.5 million, but the IDO ended up raising more than $32 million in total, with each SLND token costing $6.57.

According to the chart below, 60% of SLND is allocated to its community members. Let’s break it down: 30% was given to the liquidity mining program (for lenders/ suppliers).

The other 30% was allocated to the Solend Treasury, owned and governed by the Solend DAO. 5% of this was allocated to the IDO directly from the treasury.

Of this 5%, 4% went to the IDO itself, and 1% was given to the SLND/ USDC liquidity pool after the IDO. The Solend Treasury owns the IDO funds and LP position.

25% of all SLND tokens were allocated to the core team. 15% was allocated to investors. 

Only 10% was distributed in the seed round, but an additional 5% is set aside for a potential future raise.

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Solend Token Price Prediction

This section will analyse the Solend token (SLND) prices throughout the years 2022-2025. It’s no secret that the following information is based on the predictions of crypto experts and cannot be regarded as financial advice.

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Solend Token Price Prediction For 2023

There are signs that the crypto market is on the brink of a new era. Many investors are confident that the long-term price prediction for SLND will soar, as there is still optimism that the currency will attract much more attention.

It is expected that by 2023, the average price will be around $0.70, with a minimum value of $0.68. The maximum price is predicted to be trading at $0.77.

Solend Token Price Prediction For 2024

Solend (SLND) could potentially reach their all-time high price by 2024 according to our recent findings. The average price is estimated to be around $1.02, however, if things go smoothly, the maximum price could be $1.17.

It's important to keep in mind that there is always a possibility for the market to crash after an extended period of growth, which is something we typically see in the cryptocurrency market.

Solend Token Price Prediction For 2025

The value of Solend is expected to increase due to the efforts of network developers and community investors. Therefore, the calculated price for 2025 is bullish.

Solend is anticipated to touch a maximum price level of $1.71 by the end of 2025, according to analysts. However, it is highly optimistic that Solend's future will ultimately grow.

Therefore, the predicted average price of Solend will be around $1.47 to $1.51 in 2025 depending on the market. As stated in the same slogan, the maximum price range for Solend is from $1.47 to $1.71 for 2025.

Solend Price Prediction 2030

Clarity: Price predictions are difficult to make, especially when the market is more volatile than usual. For the year 2029, the price of Solend is expected to be around $6.30.

The maximum price we could see is $7.60, and the average price forecast at the end of 2029 is $6.52. A huge price turnover is expected within the range defined by the crypto market.

SLND has the potential to grow immensely with the right collaborations and innovations in place - this could see a rise in users and, as a result, an increase in price.

If the market focuses on investing in Solend, the price could potentially rise much higher than it is now. Some predictions say that by 2030, it could reach a maximum value of $10.78.

However, it's expected that the market might see a slight decline and by 2030, the average price of SLND will be $9.48 with a minimum price of $9.15 and the maximum price of $10.78.

Where To Buy Solend Coin?

You can purchase Solend Coin on various exchanges, such as FTX, Gate.Io, Raydium, and Orca.

Solend can be purchased directly with fiat on FTX (Euro) and is available as SLND/ UDST or SLND/ USDC pair on other exchanges. You can also get Solend with Ethereum on Gate.Io as the SLND/ ETH pair.

Solend’s ROI And Popularity

Since Solend is a new project and hasn’t made it to a full year yet, its yearly ROI data isn’t available.

SLND token’s weekly ROI has been -24%, meaning if you had invested $100 in SLND one week ago, you would have $76 by now.

According to our data, in the span of six months, Solend’s popularity grew by 68% on Twitter and 32% on Reddit at a slow, steady pace.

Throughout the last month, Solend’s popularity grew by 16% on Twitter, but it saw no growth on its Subreddit (0%, to be exact!)

Is Solend A Good Investment?

Solend is still a relatively new project; it is only a little more than six months old! Still, it has managed to become Solana’s largest and most used borrowing and lending platform in such a short period, and even though the project’s native token has recently hit its all-time low, it still shows great potential.

At Cryptologi.st, we have gathered all the tools and data you need to find crypto projects, compare your options and make confident investment decisions.