Solana Emerges as Leading Payment Settlement Layer

The Solana network has emerged as a leading platform for payment settlement, with significant growth in its use cases over the past year.

According to data from Messari, the total payment volume on Solana increased by 755% in 2025, outperforming other fintech apps and peer blockchains. This rapid growth can be attributed to the increasing adoption of stablecoin payments on the network.

Solana has become a popular venue for branded stablecoins, with several major companies launching their own stablecoins on the platform. The Gusto project aims to further improve USDC payment speeds and make them compatible with small businesses in the USA.

The increased payment volume on Solana has led to a significant boost in network fees, making it the second-biggest fee producer after TRON, with over $5M in weekly fees from transactions. This growth has also had a positive impact on the price of SOL, which recovered to $88.48 after dipping below $80.