Solana Payments Soar 755% YoY as Visa, Stripe and Western Union Move On-Chain
Solana’s total payment volume surged 755% year-over-year, a jump that the network says has put its on-chain flows ahead of several leading fintech processors. The rise has been driven in part by large payments and settlement activity moving on-chain, including rails from players like Visa, Stripe and Western Union, and underscores Solana’s growing role as a global settlement layer for stablecoins.
The development matters because faster finality, low fees and high throughput make Solana attractive for cross-border and high-frequency settlement use cases. If adoption by major processors continues, it could accelerate enterprise integrations and shift more stablecoin clearing onto public blockchains — while raising fresh questions around scalability, compliance and how demand for SOL is tied to network utility.