Over the past year, Solana has evolved into a prominent payment and settlement layer, significantly enhancing its practical applications. Despite a decline in new token launches, the network demonstrated its ongoing utility and consistent fee generation.
Solana has emerged as a competitive settlement layer for payments, surpassing various other networks and fintech applications. While fintech solutions have progressed over the last year, many still rely on outdated infrastructure that can lead to downtime or delays.
Recent research from Messari indicates that Solana is being embraced as an alternative payment rail alongside traditional fintech options. As reported by Cryptopolitan, one notable development was the increase in stablecoin transactions observed in February.
By late 2025, Solana was integrated into Revolut’s platform as a payment gateway, further broadening its reach among mainstream users. Wallets like Phantom are also prioritizing seamless payments and value transfers for their users.
Total Payment Volume on Solana Surges by Over 755%
The total payment volume processed through Solana skyrocketed by 755.3% in 2025 according to Messari’s evaluation methodology. This remarkable growth outpaced other fintech applications which also experienced rising transaction volumes.
In the past year alone, Solana’s Total Payment Volume (TPV) saw an impressive growth rate of 755.3%, significantly outperforming leading fintech companies and peer blockchains alike.
This figure is nearly three times higher than the median growth rate of 268.24%. pic.twitter.com/R8LY1SDHxZ
— Youssef (@0xYoussef_) March 5, 2026
The Solana network now handles approximately 46% of stablecoin transfers compared to its competitors within both Layer-1 (L1) and Layer-2 (L2) chains along with various fintech platforms. In just one year alone, it facilitated around $2.61 billion worth of stablecoin transactions.
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Solana finds itself competing against Polygon, Base, and Arbitrum when it comes to providing fast and cost-effective payment solutions. Similar to Polygon’s strategy, Solana aims to solidify payments as one of its core functionalities while navigating through slower narratives associated with other use cases.
The partnerships formed with VISA, Stripe, and Worldpay throughout 2025 provided significant momentum for Solana; these collaborations enabled acceptance and settlement processes for stablecoin transactions via their platforms.$USDC‘s pilot program under VISA achieved an annualized volume exceeding $3.5 billion while Worldpay managed to cut processing times by half using Global Dollar Network ($USDG). Notably,
Solana accounts for about57%of all circulating supply relatedto$USDG , along with several other stablecoins.
Solana Becomes Hub for Branded Stablecoins
As one ofthe most active platformsfor$USDC ,solanahasalso welcomed branded assets intoits ecosystem.Thechainhascaptured asignificantportionofPYUSD,speedingupitstransactiontimesby500 %overlastyear.
Althoughseveralstablecoinshave flockedtoSolanathemostactiveassetremains$USDC . | Source:DuneAnalytics
WesternUnionselectedsolanatointroduceitsnative stablecoinalongsideFiservlaunchingFIUSDdesignedforinterbanktransactions.
TheGusto projectaimstoacceleratepaymentsusing$ USDC ,makingthemmoreaccessibleforsmallbusinessesintheUSA.
The surgeinpaymentvolumefurtherenhancedthefee structureonthenetwork,resultinginSolanabecomingthesecond-largestfee generatorafterTRONwithweeklytransactionfeesexceeding$5 million.This uptickinnetworkactivityhasalso supportedSOL,recoveringto$88 .48followingrecentdropsbelowthe$80mark.
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