Solana’s speed, fees, and partnerships position it as the backbone of on-chain payments

In January and February 2025, Solana achieved a remarkable 364.34 billion USD in transaction volume, eclipsing both Coinbase and Ethereum, putting it just behind Nasdaq. It reached peak block speeds averaging 0.44 seconds and handled 65,000 transactions per second.

Backed by names like PayPal and Visa, Solana is enhancing its credibility as a payment network. With a 600% increase in stablecoins and a growing developer ecosystem, its role as a key player in onchain payments continues to solidify.